CleanTechnica•about 1 month ago
VinFast’s Residual Value Pledge: A Guarantee or a Gimmick in the Philippine EV Race?
Key Takeaway
VinFast's Residual Value Guarantee could significantly accelerate EV adoption in the Philippines, signaling a future increase in electricity demand for power developers and large consumers to plan for.
AI Summary
- •VinFast has launched a Residual Value Guarantee (RVG) Program in the Philippine EV market, promising to protect vehicle resale value for up to three years, guaranteeing up to 90% of the original price.
- •This financial incentive aims to mitigate consumer risk associated with EV depreciation, potentially accelerating EV adoption rates in the Philippines.
- •For power developers and large power consumers, increased EV adoption translates to a projected rise in electricity demand for charging infrastructure, requiring future grid planning and potential investment in new generation or demand-side management solutions.
Topics
emissionsfinancingoempolicy
Article Content
Vietnamese electric vehicle manufacturer VinFast has thrown down a significant gauntlet in the nascent Philippine EV market with the launch of its Residual Value Guarantee (RVG) Program. By promising to protect the resale value of its vehicles for up to three years, guaranteeing up to 90% of the original price, ... [continued] The post VinFast’s Residual Value Pledge: A Guarantee or a Gimmick in the Philippine EV Race? appeared first on CleanTechnica .