In an effort to promote an inclusive and Filipino innovation-driven Public Transport Modernization Program (PTMP) , the Political Economy Program (PEP) sought to examine the challenges of and possibilities for the jeepney local manufacturing for national industrialization. Specifically, the RTD aimed to: 1. shed light on the jeepney manufacturers’ proposals and plans in response to the PUV Modernization Program; 2. explore the possibility of tapping more affordable clean and green technologies for the jeepney in the transition to a low or zero carbon emission future; 3. promote collaboration among manufacturers, government, university research and development community, jeepney drivers, and other stakeholders on the issue of jeepney modernization; and 4. develop a set of recommendations for government agencies and financial institutions.