For many Filipinos considering an electric vehicle, the decision does not end with the purchase price. There is another number that can be difficult to predict: how much the vehicle will be worth when it is time to sell or replace it.
That uncertainty can be particularly significant for newer EV brands, which have yet to build the same depth of local resale history as established automotive names.
VinFast is addressing that concern in the Philippines through its Residual Value Guarantee (RVG) Program, which gives eligible buyers a predetermined reference value for their vehicle at different points in its ownership cycle.
A new vehicle begins to depreciate as soon as it leaves the dealership. What is less certain is the pace of that depreciation—and that uncertainty can influence a buyer’s decision before the vehicle is even purchased.
For electric vehicles, the question can be even more pronounced. While conventional vehicles have decades of used-car transactions, market data and consumer familiarity behind them, newer EV brands have a shorter track record in the second-hand market.
For Filipino consumers considering an EV, knowing what happens to the vehicle’s value several years down the road can therefore be an important part of the ownership equation.
Resale Value Remains an EV Concern
Research suggests that resale value is already part of the conversation around EV adoption in the Philippines.
A 2025 study on EV adoption in the Philippines found that 48% of respondents agreed or strongly agreed that electric vehicles have lower resale values than conventional fuel-powered vehicles. Another 44% said they were uncertain about EV resale values.
The concern also appears in Deloitte’s 2023 Global Automotive Consumer Study. Among Philippine respondents, 19% cited uncertain resale value as a concern when considering battery electric vehicles.
For conventional vehicles, buyers can draw on a much longer history of used-car listings, transactions and word-of-mouth valuations. That makes it easier to develop an expectation of what a particular model might be worth after several years.
The same certainty is harder to establish for newer EV brands.
Ultimately, resale prices are determined by the market and what buyers are willing to pay. That means there is no way to know with certainty what an EV will be worth years after its initial purchase.
How VinFast’s RVG Program Works
VinFast’s RVG Program takes a different approach by establishing a predetermined value for eligible vehicles according to a fixed schedule.
Under the program, VinFast guarantees up to 90% of a vehicle’s net retail price after six months, 86% after one year, 78% after two years and 70% after three years, subject to the program’s terms and conditions.
For example, a VinFast VF 5 purchased at a net retail price of ₱1.099 million would have a guaranteed value of ₱769,300 after three years under the 70% guarantee, provided the vehicle meets the program’s eligibility requirements.
The distinction is important. The RVG does not prevent depreciation or claim that the vehicle will retain its original purchase price. Instead, it establishes a predetermined reference point and gives eligible owners a way to manage some of the uncertainty surrounding future resale value.
Under the program’s buyback mechanism, a qualifying owner can choose to sell the vehicle back to VinFast at the applicable guaranteed value, subject to the program’s conditions, rather than relying entirely on the open used-car market.
For an EV buyer, that creates a clearer point of reference when thinking about the total cost of ownership.
Beyond the Resale Value Guarantee
Resale value, however, is only one part of the ownership equation.
An EV is easier to own when charging is accessible, maintenance is convenient and aftersales support is readily available. Over time, these factors can also influence how attractive a vehicle is to the next buyer.
VinFast has been developing its Philippine EV business alongside the RVG program. As of September 2026, the company has established 33 dealerships and 59 service centers, while also forming partnerships with banks and local partners to expand its charging network.
Its vehicles are covered by warranties of up to 10 years or 200,000 kilometers, depending on the model. VinFast also offers three years of free charging at V-Green-operated stations, flexible financing options, and 24-hour technical and roadside assistance.
Such an ecosystem matters in a developing EV market.
Deloitte’s research found that 55% of Philippine consumers are concerned about charging infrastructure, while 36% cite a lack of knowledge about electric vehicles as a concern.
That suggests that building confidence in EV ownership requires more than putting more vehicles on Philippine roads. Consumers also need to see that the vehicles can be charged, serviced and supported throughout their ownership.
For newer EV brands, those considerations can eventually become part of the resale equation as well. A vehicle with an established service network, accessible charging and recognizable support infrastructure may be easier for the next buyer to understand and consider.
Building Confidence for the Next EV Buyer
The future value of an electric vehicle depends on more than a number on a resale listing. It is also shaped by consumer confidence in the vehicle, the brand and the ecosystem around it.
Established automotive brands have an advantage here because buyers already know what to expect from their vehicles and aftersales networks. That familiarity can help sustain demand in the used-car market.
For a newer EV brand, building that same confidence takes time.
VinFast’s approach combines two elements: the RVG Program provides eligible owners with a predetermined reference value for their vehicle’s future, while the company’s growing network of dealerships, service centers and charging infrastructure is designed to support the vehicle throughout its ownership cycle.
For Filipino consumers considering the shift to electric mobility, that combination addresses one of the practical questions that comes after the initial purchase: what happens when it is time for the next car?
By putting a clearer value framework around that decision, VinFast is seeking to make EV ownership more predictable—not only at the point of purchase, but throughout the vehicle’s lifecycle.
About VinFast
VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup includes electric SUVs, e-scooters and e-buses.
VinFast is currently entering its next growth phase through the rapid expansion of its global distribution and dealership network and increased manufacturing capacity, with a focus on key markets across North America, Europe, the Middle East and Asia.
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