Ayala unit sees EVs hitting 50% of car sales amid oil crisis

MANILA, Philippines — ACMobility, the automotive arm of Ayala Corp., expects electrified vehicles to account for nearly half of new car sales by 2030, as high fuel prices accelerate the shift away from traditional engines. “We believe that by 2030, nearly 50 percent of new vehicles sold will come from energy vehicles (EVs) or hybrids,”