Transport coops avail of DTI’s EV loan program

Transport Coops Power Up DTI's E-Transport Loan Program Boosts Electric 
Vehicle Adoption

As the world transitions to a more sustainable future, the Department of Tr
Trade and Industry (DTI) has taken a significant step in promoting electric
electric vehicle (EV) adoption among transport cooperatives. Through its fi
financing arm, Small Business Corp. (SBCorp), DTI has awarded the first bat
batch of 10 transport cooperatives with loans worth P3 million each under i
its P2-billion E-Transport Loan program.

What's in it for Transport Coops?

The E-Transport Loan program was launched in April to support small transpo
transport operators and drivers with business licenses who want to switch t
to eco-friendly electric vehicles. With a loan package of up to P3 million,
million, each cooperative can acquire up to two electric public EVs from DT
DTI partner Global Electric Transport (GET) Philippines.

Benefits for the Environment

The adoption of electric vehicles is a crucial step towards reducing greenh
greenhouse gas emissions and minimizing our carbon footprint. According to 
Trade Secretary Cristina Roque, what's important is that the money will b
benefit small transport operators who can now transition to cleaner, more s
sustainable transportation solutions.

Unraveling the Gordian Knot

In ancient Greek mythology, the Gordian knot was a mythical puzzle that rep
represented an insurmountable challenge. However, with DTI's E-Transport Lo
Loan program, we see a significant step towards unraveling this knot. By pr
providing financial support to transport cooperatives, DTI is making it mor
more feasible for these operators to adopt electric vehicles, thereby reduc
reducing emissions and promoting sustainable transportation.

What's Next?

As the E-Transport Loan program continues to roll out, we can expect more t
transport beneficiaries to be considered. This development not only benefit
benefits the environment but also showcases DTI's commitment to supporting 
small businesses and promoting a greener future for our communities.

Key Takeaways

The P2-billion E-Transport Loan program aims to support small transport o
operators and drivers in switching to electric vehicles.
The first batch of 10 transport cooperatives has been awarded loans worth
worth P3 million each.
Each cooperative can acquire up to two electric public EVs from DTI partn
partner Global Electric Transport (GET) Philippines.
The loan program promotes sustainable transportation solutions, reducing 
greenhouse gas emissions and minimizing our carbon footprint.

Conclusion

As we continue to navigate the complexities of climate change, it's hearten
heartening to see initiatives like DTI's E-Transport Loan program gaining t
traction. By providing financial support to transport cooperatives, we're n
not only promoting a greener future but also empowering small businesses to
to adapt to changing circumstances. As professionals in 2026, let us contin
continue to prioritize sustainability and innovation in our work, knowing t
that every step counts towards creating a better tomorrow.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.