VinFast aims for top spot in EV industry by end of 2026

Growing at a pace that seemingly befits its name, VinFast is set to be the leading provider of Battery Electric Vehicles (BEV) in the Philippines by the end of the year. This was announced by VinFast Southeast Asia CEO Antonio Zara during a recently concluded symposium conducted by VinFast together with Maybank.

In line with its brand philosophy of “rewriting the rules”, Vinfast plans to dominate the BEV market by dispelling misconceptions on EV ownership and directly addressing concerns on affordability, vehicle depreciation and infrastructure.

Residual Value Guarantee

VinFast offers its customers a buy-back guarantee for qualifying vehicles from 6 to 36 months, up to 90% value of vehicle cost. This protects owners from high depreciation that often comes with newer brands.

Battery Subscription

This cuts the cost of vehicle ownership by 20% as battery cost is excluded from the initial purchase price of the unit. The subscription ensures the battery is always in optimal condition, covering maintenance and replacement if capacity drops, thereby mitigating long-term service life concerns.

V-Green Charging Stations

VinFast will set up 5,000 charging stations by the end of the year. The brand also plans to authorize 100 third party service providers by 2027 to help accommodate customers of 50 established dealerships on the same year. 

Green GSM 

These green taxi units are testaments to the brand’s reliability and robustness. It also gives would-be buyers a chance to ride and get acquainted with VinFast vehicles.

E-scooters

Yes, Vinfast also has a two-wheel EV line-up and it will soon arrive on Philippine shores to cater to a market segment with a huge potential for growth.

With these and the astronomical gas prices nowadays, going full EV might not be such a bad idea.