VinFast battery lease model aims to boost EV adoption

January 26, 2026
6:56AM PHT

VinFast is positioning battery subscription as a key strategy to make electric vehicle ownership more accessible and affordable in the Philippines.

VinFast’s battery subscription program will allow the company to sell EVs without the battery, lowering the upfront vehicle cost. Under this model, customers lease the battery separately starting at P1,600 per month.

Under the subscription model, the entry-level VF 3 is priced at P745,000 with the battery included, but drops to P590,000 without it. The VF 5 Plus will be priced at P949,000 without the battery, down from P1,099,000, while the VF 6 Eco will drop from P1,499,000 to P1,249,000.

Toti Zara, VinFast’s CEO for Southeast Asia | Photo by Vanessa Hidalgo

No more battery anxiety

Monthly subscription fees are charged separately and cover battery maintenance, including free replacement once the battery’s state of health declines to 70 percent.

Toti Zara, VinFast’s CEO for Southeast Asia, said the battery subscription program is not new and is based on the model already implemented in Vietnam and Indonesia.

“What we’re doing is we’re changing this high-value asset purchase to an everyday utility for as low as P1,600 … We are targeting people who would like to have peace of mind when they’re making the big shift from an ICE (internal combustion engine) vehicles to an EV,” he said during a press conference on Jan. 23, 2026.

Rox Lacerna, deputy CEO of VinFast Philippines, said removing the battery from the upfront purchase addresses two key cost concerns: the high initial price and battery degradation over long-term use.

Low insurance premium

Lacerna added that the program could also help reduce insurance premiums, which are generally higher for EVs than for ICE vehicles due to the high cost of batteries. Excluding the battery from the purchase price, he said, could help bring those costs down.

Zara said the program is supported by VinES Energy Solutions, Vingroup’s green energy company focused on strengthening VinFast’s battery technology capabilities and production chain.

“VinES is our green energy company focused on building large-scale renewable energy projects across the region. We can produce all the EV batteries that we can get our hands on,” he explained.

The battery subscription model complements VinFast’s residual value guarantee program, which is designed to support resale value and reduce ownership risk.

Rox Lacerna (right), deputy CEO of VinFast Philippines, and Toti Zara explain how a battery subscription program can make EV ownership more affordable for the Philippine market. | Photo by Vanessa Hidalgo

More charging stations

To support the battery subscription program, Zara said VinFast has partnered with several banks and is offering a buyback guarantee on bank-financed vehicles. 

The company will also repurchase units tied to nonperforming loans as part of its B2B version of the residual value guarantee.

He added that VinFast plans to roll out 30 charging stations nationwide this year, with free charging for VinFast customers until May 2027. 

The company has also accredited more independent third-party workshops to handle vehicle maintenance and warranty repairs, which also serve as one-stop hubs where customers can shop and charge.

About the author
Vanessa B. Hidalgo
Vanessa B. Hidalgo

Content Producer

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