VinFast's Residual Value Pledge: A Guarantee or a Gimmick in the Philippine EV Race? - CleanTechnica

Vietnamese EV maker VinFast has launched a Residual Value Guarantee (RVG) program in the Philippines, promising to buy back its vehicles at up to 90% of the original price for up to three years. This initiative aims to address consumer concerns about EV depreciation and battery lifespan, which have hindered adoption in the region. The RVG offers buyback values of 90% after six months, 86% after one year, 78% after two years, and 70% after three years—significantly higher than typical industry depreciation rates. The program covers VinFast’s entire Philippine lineup and is complemented by a 10-year vehicle warranty and three years of free charging, creating a comprehensive support ecosystem for buyers. VinFast has already implemented this program in Indonesia, where it has honored buybacks without issue, indicating a genuine commitment rather than a marketing gimmick. However, the guarantee is conditional: vehicles must adhere to mileage limits and maintenance schedules to qualify, protecting VinFast