VinFast Philippines has partnered with Bank of the Philippine Islands (BPI) to make electric vehicle (EV) ownership more accessible and relatively more affordable. VinFast shared that the partnership reflects the importance of flexible financing and ownership solutions in accelerating EV adoption in the Philippines.
Through the said partnership, BPI will offer vehicle financing to qualified VinFast buyers, which is seen to help make EV ownership more manageable via BPI Auto Loan. It also aims to support VinFast PH’s Battery Subscription Program, designed to lower the cost of EV ownership and make EVs more accessible to Filipinos.
Through the Battery Subscription Program, customers can purchase a VinFast electric vehicle without paying for the full battery cost upfront. Instead, the battery is subscribed to separately through a monthly fee, allowing customers to reduce initial ownership costs while also addressing common concerns around battery performance, lifespan, and replacement.
Aside from lowering upfront prices, VinFast PH’s Battery Subscription Program also includes battery maintenance and replacement, including a replacement guarantee should the battery capacity or operational life fall below 70 percent.
VinFast Southeast Asia CEO Antonio Zara III said that the car brand intends to make EV ownership easier and more practical for consumers.
“The Philippine EV market is entering an important stage of growth, and we believe the next step is making ownership easier, more accessible, and more practical for customers. At VinFast, we are focused on building a complete ecosystem around our vehicles—from Battery Subscription and Residual Value Guarantee to free charging support—so customers can make the shift to electric with confidence,” Zara said.
BPI Retail and Bancassurance Group Head Dexter Cuajotor expressed that one of the biggest barriers to EV adoption is cost, which is why BPI is offering flexible and affordable financing plans.
“Through the partnerships we have, like this with VinFast Philippines, we are addressing one of the biggest barriers to EV adoption: making it more affordable through fast, easy, and affordable financing solutions and exclusive partner offers,” Cuajotor said.
According to BPI, its total e-vehicle financing portfolio grew by 145 percent in 2025, while EV financing alone surged by 219 percent, reflecting rising demand for electric vehicles among Filipinos.
Autocar’s Take
VinFast Philippines is determined to make EV ownership more accessible and relatively affordable as it continues to partner with financial institutions, such as BPI, to give its potential clients flexible financing plans. The partnership between VinFast PH and BPI also shows the efforts of the two companies to make EV ownership more practical and accessible for Filipino consumers.
Through the said partnership, VinFast hopes that it can attract more individuals to make the EV shift, especially during this time when fuel prices are erratic. Its Battery Subscription Program is designed to lower the cost of EV ownership, and VinFast PH also supports battery maintenance and replacement.
