Grab Partners With Top Banks and Automakers to Launch Eco-Drive, Southeast Asia’s Largest Green Financing Coalition for Filipino Drivers.
Grab Philippines has unveiled Eco-Drive, Southeast Asia’s largest integrated coalition aimed at fast-tracking electric and hybrid vehicle adoption among TNVS drivers. Partnering with major banks like BDO and BPI, alongside global automakers including Toyota and BYD, the initiative offers exclusive discounts and simplified “green” financing. To lower entry barriers, Grab introduces flexible daily installments via driver wallets, leveraging platform earnings data to help drivers offset rising fuel costs while supporting the nation’s EVIDA electrification goals.
– Diana Lyn A | Traffic Network PH
Philippines’ Largest Banks, Automakers Partner with Grab to launch Eco-Drive, Southeast Asia’s Largest EV Financing Coalition for Ride-Hailing Drivers
The initiative brings together Philippine banks, global automakers, and Grab Philippines to offer TNVS driver-partners discounted EV and hybrid financing, simplified loan applications, and flexible repayment options, supporting the Philippines’ national transport electrification goals under EVIDA.
OFFICIAL RELEASE: Grab Philippines | PUBLISHER: ADVAI
Manila, Philippines, 14 APRIL 2026 — Grab Philippines today announced the launch of the Eco-Drive Initiative, Southeast Asia’s largest integrated platform bringing together financial institutions and automotive partners in a single coalition designed to give TNVS (Transport Network Vehicle Service) driver-partners fast-tracked, affordable access to electric and hybrid vehicles.
The initiative responds to two converging realities facing the Philippine ride-hailing sector: rising fuel costs that directly reduce driver take-home earnings, and the natural vehicle replacement cycle as thousands of fleet vehicles approach the end of their recommended service life. Eco-Drive addresses both by creating a single, streamlined pathway for driver-partners to transition to cleaner, more fuel-efficient vehicles at preferential financing offerings.
For a full-time Grab driver-partner, the shift from a conventional gasoline vehicle to an EV or hybrid can translate to meaningful daily fuel savings. Eco-Drive is designed to ensure those savings are not offset by inaccessible financing. The program is open to all active Grab driver-partners, with each bank partner applying its own standard credit assessment. Grab is also working with partners to progressively broaden eligibility criteria to reach more drivers over time.
The Eco-Drive Coalition
Eco-Drive brings together partners across three pillars of the vehicle-ownership ecosystem:
Bank Partners: BDO and BPI will offer preferential “green” auto loan offerings that are structurally more competitive than standard vehicle financing. Partner banks retain full and independent control of all credit underwriting decisions. Grab supports the process by providing verified driver data, including earnings history, platform tenure, and service ratings, which banks may choose to consider as supplementary information alongside their standard credit assessment.
“BDO has always believed that financial inclusion is most powerful when it meets Filipinos where they are. Through Eco-Drive, we are applying BDO’s nationwide reach and expertise to serve professional drivers who have been underserved by traditional auto financing, not because they lack the ability to repay, but because existing models were not designed for how they earn. We believe this coalition has the potential to reshape how the Philippines finances its transport future.”
— Bremel Peter R. Guiao, Senior Vice President for Auto Loan, BDO Unibank
“BPI has always responded to the needs of the time, and today we rise to the call to help the Philippines, especially the sectors most affected. Through the Eco Drive partnership, we are helping make cleaner, more affordable transportation a real option for Filipinos. Also, as the country’s first bank to offer a program of retail and eco-friendly solutions such as EV and solar loans, we are helping drivers save on fuel or upgrade their vehicles. Together with Grab, BPI stands as a trusted partner in helping build a better, more resilient, future for the families and communities we serve.”
— Maria Cristina “Ginbee” Go, Executive Vice President, Head of Consumer Banking, BPI
Automotive Partners: Direct manufacturers such as Toyota, BYD, GAC, Dongfeng, Omoda, and Jaecoo, as well as Autohub Group – the dealer of Suzuki, Kia, and MG, and QSJ Motors Philippines, Inc – the distributor of Bestune have committed to exclusive discounts for Grab driver-partners within agreed promotional periods, reducing the upfront cost of qualifying EV and hybrid models.
“The Autohub Group fully supports Grab Philippines’ Eco-Drive PH program, a significant step toward building a more sustainable and future-ready transport ecosystem. With our expanding lineup of New-Energy Vehicles, we are well-positioned to provide its TNVS partners with viable electric and hybrid mobility solutions. By combining accessible financing with dependable vehicle options, this initiative advances both economic empowerment and environmental responsibility in line with EVIDA.”
— Willy Q. Tee Ten, President, Electric Vehicle Association of the Philippines (EVAP); President and CEO, Autohub Group (dealer of Suzuki, Kia, and MG Motors)
“Toyota has served Filipino drivers for decades, and we understand that the transition to electrification must be practical, not just aspirational. Our hybrid lineup is ideally suited for TNVS drivers who need proven fuel efficiency without the range anxiety of a full EV. What makes Eco-Drive compelling is its end-to-end approach: Grab is not just creating demand, it is solving the financing and repayment barriers that have kept fleet modernization out of reach. We are committed to this coalition because it puts the right vehicles in the hands of the drivers who will benefit most.”
— Jonalyn Lim, President and CEO of Toyota Shaw and Pasig
“BYD is the world’s leading manufacturer of new energy vehicles, and we see the Philippines as one of Southeast Asia’s most dynamic growth markets for electrification. Eco-Drive is significant because it creates a structured pathway for mass adoption, not one vehicle at a time, but across an entire professional fleet. Grab’s data-driven approach to identifying and supporting drivers through financing is exactly the kind of ecosystem partnership that accelerates EV transitions globally. We are proud to bring the BYD technology and cost-saving advantages to Filipino drivers through this partnership.”
— Jolo Aranas, Sales Director, BYD Cars Philippines
“GAC’s new energy vehicles are built to deliver premium comfort and efficiency at an accessible price point, making them ideal for professional drivers who spend eight or more hours on the road daily. What excites us about Eco-Drive is the ambassador effect: when a Grab passenger experiences a GAC EV for the first time during a ride, that is the most powerful product demonstration we can ask for. Grab’s platform turns every partner-driver into a showcase for the EV transition.”
— Skye Chan, GAC Motor Makati
“Dongfeng vehicles are engineered for endurance. Our EVs are designed to perform at the daily mileage levels that professional TNVS drivers demand, with lower maintenance costs and longer service intervals. Eco-Drive gives us access to the most data-rich and organized fleet channel in the Philippines. Grab’s ability to match the right vehicle to the right driver, based on actual usage patterns, is a level of precision that no other platform in Southeast Asia can offer. We’re committed to making that choice as easy, affordable, and accessible as possible for every Filipino driver we can reach”
— Brennan Lim, Deputy CEO, Dongfeng Philippines
“At a time when rising fuel costs continue to put pressure on Filipino drivers, initiatives like Eco-Drive PH offer a clear and practical path forward. QSJ Motors Phils., Inc. fully supports this program as it empowers TNVS drivers to transition to electric and hybrid vehicles—reducing dependence on volatile oil prices while improving long-term earnings potential. Aligned with the EVIDA Law, Eco-Drive PH is not just about financing vehicles—it is about securing a more stable, sustainable future for our drivers and the communities they serve, and we are proud to stand alongside Grab PH, our banking partners, and industry stakeholders in accelerating this shift toward cleaner, more resilient mobility.”
— Jona A. Chiang, Director of QSJ Motors Philippines, Inc. (authorized distributor of Bestune Philippines)
“Omoda Jaecoo is built around the idea that a car should be as smart as the platform it serves. Our vehicles come equipped with connected features, advanced safety systems, and efficient powertrains designed for the modern mobility ecosystem. Eco-Drive is compelling because Grab has built exactly the kind of integrated, data-driven platform that our vehicles are designed to operate within. Together, we can show Filipino passengers what the next generation of ride-hailing looks and feels like.”
— Joel Escarta, Sales Manager, Leilei Auto Philippines (distributor of Omoda Jaecoo)
Grab Philippines: Grab serves as the connective platform across the initiative. Through Grab, drivers who opt in can access flexible daily installments through the Grab Driver Wallet, designed to match their daily earning rhythm and replace the burden of monthly lump-sum repayments. Drivers may also choose traditional monthly bank repayment if they prefer. Grab’s role in the coalition is to connect driver-partners to the right financing and vehicle options through personalized outreach based on each driver’s vehicle age and service history — a track record they have earned through years as trusted Grab driver-partners.
Grab Philippines General Manager for GrabCar and Fleet Solutions Gines Barot shares: “Eco-Drive brings together Grab, the Philippines’ leading financial institutions, and global automakers to do one thing: make the shift from gasoline to electric and hybrid vehicles simpler and more accessible for our driver-partners. Rising fuel costs are eating into driver earnings every single day. This coalition is designed to protect those earnings by lowering the cost of vehicle ownership and removing the financing barriers that have kept fleet electrification out of reach.”
How Eco-Drive Works
Eco-Drive replaces the traditionally fragmented vehicle-financing journey with an integrated, three-step process designed for the realities of professional driving livelihoods:
Step 1: Personalized Outreach. Grab reaches out to driver-partners whose vehicles are approaching the end of their recommended service life, or who are nearing the end of an existing auto loan term, to let them know about their options under Eco-Drive.
Step 2: Simplified Application. Drivers apply through a digital “Express Form” or at dedicated Grab Driver Center “Express Lanes.” With the driver’s consent, Grab shares verified earnings and service data with the chosen bank partner to support faster processing. All credit decisions remain with the bank.
Step 3: Flexible Repayment. Drivers can opt into daily installments through the Grab Driver Wallet, spreading their payments across earning days instead of facing a single monthly due date. Drivers who prefer conventional monthly repayment can arrange this directly with their bank partner.
“Sa totoo lang, ang pinakamabigat sa amin ay hindi ang pagmamaneho. Ang mabigat ay yung buwan-buwan na bayarin sa kotse, tapos dagdag pa yung presyo ng gasolina na hindi mo alam kung saan na pupunta. Kung totoo na mababawasan ang gastos namin sa fuel at mas madali ang pag-apply ng loan, malaking bagay iyon. Marami kaming driver na ilang taon na sa Grab, mataas ang rating, walang reklamo, pero kapag nag-apply kami sa bangko para sa bagong sasakyan, parang baguhan kami. Kung gagamitin na ang track record namin sa Grab para makilala kami ng mga bangko, iyon ang tunay na pagpapahalaga sa serbisyo namin.”
— Zaldino Leal, Jr, Grab Partner-Driver, 9 years on the platform, Caloocan City
“Pagpasok ko sa Grab, alam ko na gusto ko itong gawing maayos na career, hindi lang pansamantala. Kaya nag-invest ako ng oras, nag-maintain ng mataas na rating, at tinrato ko ang bawat pasahero na parang VIP. Ngayon, marinig ko na may programa na kinokonsidera ang record ko bilang driver para makakuha ng mas magandang terms sa EV o hybrid? Para sa akin, ibig sabihin noon, may patutunguhan talaga ang pagiging professional driver. Hindi lang kami nagmamaneho. Nagtatayo kami ng future.”
— Rowie Guina, Grab Partner-Driver, 8 years on the platform, Manila City
Advancing the National Electrification Agenda
Eco-Drive is designed to complement the Philippine government’s national transport electrification goals, including the objectives set out under the Electric Vehicle Industry Development Act (EVIDA) and the Department of Energy’s Comprehensive Roadmap for the Electric Vehicle Industry. Grab sees the initiative as a private-sector contribution to the broader public-sector vision of modernizing Philippine transport and reducing the country’s dependence on imported fossil fuels.
Grab welcomes continued engagement with the LTFRB, DOTr, DOE, and other government partners to ensure Eco-Drive evolves in alignment with the national regulatory framework and the government’s own transport modernization priorities.
A Responsible Transition
Grab recognizes that the shift to electric vehicles must be inclusive and responsible. The company is working with coalition partners to explore fair trade-in and vehicle disposition options for outgoing ICE vehicles, and to ensure that the economic benefits of electrification are progressively extended to drivers at every level of the platform, not only top-tier performers. Eco-Drive is a starting point, not the finish line.
“As commuter advocates, we welcome any initiative that improves the quality and safety of the vehicles Filipinos ride in every day. Older vehicles mean higher emissions, less reliability, and a less comfortable experience for passengers. If Eco-Drive delivers on its promise of newer, cleaner vehicles on the road, that is a direct benefit to the riding public.”
— Ira Panganiban, Chairman, Coalition of Filipino Commuters.
Elevate your digital journeys in tech-driven mobility with Traffic Network PH powered by Grab Philippines.
