VinFast's Rapid Rise in Vietnam as Philippine EV Efforts Lag

24.04.2026

74 мин

24.04.2026 05:30

Vietnam's VinFast rockets as Philippines' CARS stalls

## Vietnam's Electric Vehicle Success

Vietnam's VinFast has become a major player in the electric vehicle (EV) market, thanks to significant government support and strategic investments. Since its launch in 2017, VinFast has benefited from $1.5 billion in state-backed incentives, including tax breaks and low-interest loans. This support has helped the company capture a significant share of the market, with EVs making up 33% of new car sales in 2025.

## Expansion and Investment

VinFast is not only dominating the domestic market but is also expanding its presence in the Philippines. The company has committed $1 billion to develop taxi fleets and charging infrastructure there. This move is part of a broader strategy to lead EV adoption across Southeast Asia.

## Challenges in the Philippines

In contrast, the Philippines has struggled to keep pace with Vietnam's EV advancements. The country's previous focus on internal combustion engine (ICE) vehicles, supported by the CARS program, has hindered the growth of its EV sector. However, recent policy changes, including the Electric Vehicle Industry Development Act (EVIDA), aim to shift focus towards EVs.

## Future Prospects

Vietnam's approach has positioned it as a leader in the ASEAN region's EV market. The country's policies have fostered a robust ecosystem for EVs, including a planned rollout of 15,000 charging stations. Meanwhile, the Philippines is attempting to catch up by encouraging local battery manufacturing and expanding charging infrastructure. The success of these efforts will depend on effective policy implementation and investment attraction.

Читайте полностью на источнике

Что нужно знать, чтобы получить Emirates ID?

Оставьте свои данные и получите гайд,
чтобы избежать ошибок, в подарок

Содержание статьи

Поделиться статьей