EV Revolution: VinFast and BPI Make Electric Driving More Affordable

Under the partnership, BPI, one of the country’s leading financial institutions, will offer vehicle financing to qualified VinFast buyers, helping make EV ownership more manageable and within reach through BPI Auto Loan. The collaboration supports VinFast’s Battery Subscription Program, which has become a key driver of the brand’s local sales by changing the traditional vehicle ownership model and lowering one of the biggest barriers to EV adoption: upfront cost.

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.

This model is helping reshape the way Filipino consumers view EV ownership. Rather than shouldering the full cost of the vehicle and battery at the point of purchase, customers are given a more flexible path that makes electric mobility easier to consider from the start. For many car buyers, this can make the difference between simply being interested in EVs and actually making the shift.

The partnership comes as more Filipino consumers consider electric mobility as a cost-effective transport alternative. According to BPI, its total e-vehicle financing portfolio grew by 145% in 2025, while EV financing alone surged by 219%, reflecting rising demand for electric vehicles among Filipinos.

Antonio “Toti” Zara III, CEO of VinFast Southeast Asia, said: “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. With BPI’s partnership and trust in the brand, we are further strengthening our ability to bring electric mobility closer to more Filipino consumers with BPI Auto Loan.”

Dexter Cuajotor, Retail and Bancassurance Group Head, Bank of the Philippine Islands, said: “At BPI, we recognize that financing plays a key role in making electric mobility more accessible to more Filipinos with BPI Auto Loan. 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. We’re excited to welcome partners that share our vision in making the shift to electric not just possible, but practical.”