Rewriting the Rules of Car Depreciation: VinFast Philippines RVG Program Gears up the Philippines for Sustainable Mobility Movement

Car depreciation has always been one of the biggest concerns for Filipino buyers. For decades, motorists have accepted that a vehicle'svalue is expected to rapidly fall as soon as it leaves the dealership.

- By Antonio 'Toti' Zara, CEO of VinFast Southeast Asia

This mindset has shaped purchasing behavior in the Philippines, particularly in emerging categories like electric vehicles where consumers remain unsure of long-term resale values. As the country moves toward cleaner mobility, addressing this concern is essential to building confidence in the transition to EVs.

The shift to electric mobility is accelerating. According to industry research, the Philippine EV market is expected to reach USD 20.1 billion by 2032, growing at a compound annual rate of nearly 19 percent. Local demand is rising as well, with reports saying that EV sales in the Philippines have surged as more consumers look for sustainable and cost-efficient transport options. Government policies are also expanding support for EV adoption with the Philippines recently extending its zero-tariff policy for electric vehicles and parts until 2028, signaling long-term commitment to green mobility.