The average price of a modern jeepney is still above P2.5 million — beyond the budget of many operators struggling with the government's modernization program
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As of June 20, 2024 there are 33 models of Class 2 PUV — the vehicle type most closely resembling jeepneys — that are approved by the government. Of these, 14 are imported, while 19 are considered locally manufactured or assembled. Note that a vehicle is already classified as “local” so long as at least 25% of its components are manufactured or assembled in the Philippines. That’s why models from Japanese brands such as Hino or Isuzu are considered local.
However, there is still hope that modern jeepneys will become more affordable. In fact, the government is banking on increased competition from local manufacturers to drive down price in the coming years. “The 2025 model is not yet in that list, and our price is P1,997,000. This model has a range of 250 kilometers in one full charge using LiFePO4 battery already,” Francisco told Rappler on July 3.A conceptualization of the 2025 Franciso Motors e-jeepney. Photo provided by Elmer Francisco.
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