VinFast Philippines has strengthened its push for wider electric vehicle (EV) adoption by partnering with the Bank of the Philippine Islands (BPI) to make ownership more accessible through combined vehicle financing and the brand’s Battery Subscription Program. The collaboration aims to reduce upfront costs—one of the biggest barriers to EV uptake—by separating battery cost into a monthly subscription while BPI provides loan options for qualified buyers.
Under the arrangement, BPI will offer BPI Auto Loan financing to eligible VinFast customers, complementing the Battery Subscription Program that lets buyers purchase a vehicle without paying the full battery cost at purchase. The model addresses consumer concerns about battery performance, lifespan, and replacement while lowering initial purchase prices and simplifying ownership.
“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,” said Antonio “Toti” Zara III, CEO of VinFast Southeast Asia.
BPI reports strong growth in its EV financing portfolio, noting a 145% increase in total e-vehicle financing in 2025 and a 219% surge in EV financing specifically, signaling rising Filipino demand for electric mobility amid higher fuel costs and expanding charging infrastructure.
“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,” said Dexter Cuajotor, Retail and Bancassurance Group Head, Bank of the Philippine Islands.
The partnership forms part of VinFast Philippines’ broader strategy to build a complete EV ecosystem—spanning smart EVs, financing support, flexible ownership programs, charging infrastructure, authorized dealerships, and aftersales services—aimed at increasing consumer confidence and accelerating the transition to electric transport in the Philippines.