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CleanTechnica•about 1 month ago

•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.

financing

CleanTechnica•about 1 month ago

•Philippine multi-brand distributor UAAGI is making a strategic bet on the widespread adoption of electric vehicles (EVs) across 6 brands, indicating a significant market shift towards electrification.
•The company's focus on diverse EV options tailored to 'specific needs and budgets' suggests a broad market penetration strategy, which will drive substantial increases in electricity demand for charging infrastructure.
•This move highlights the growing EV market in the Philippines, signaling potential opportunities for power developers and IPPs to meet future energy demand and for large power consumers to consider fleet electrification.

financing

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