Cebu’s Aboitiz Group, best known these days for its power interests, has had a keen interest in expanding in transport infrastructure. Unfortunately, the plan has been hampered by current government policies, which have made this initiative somewhat more restrictive than in the past.
Good thing there’s the humble jeepney.
An Aboitiz-led venture plans to unveil next week more details on a massive plan to transform the iconic but sadly outdated jeepney vehicles plying our roads. Specifically, a company called QEV Philippines—a venture led by Endika Aboitiz, Enrique Banuelos and Jose Maria Roger—wants to partner with local jeepney manufacturers to shift some 50,000 diesel jeepneys into cleaner electric-powered vehicles “at a reasonable cost.”
QEV is an international company formed by Banuelos to install electric charging stations. They are present in Europe and South America and the technology was developed by Banuelos and Asea Brown Boveri (ABB) as a result of their working together to launch F2 electric racing cars, which race in circuits worldwide.