Vietnam’s Vingroup has launched a new incentive scheme to promote consumers to transition from gasoline-powered vehicles to electric mobility in light of the ongoing changes in global fuel costs. The “Trade Gas for Electric” plan will be implemented in the Philippines, Vietnam, India, and Indonesia.
Trade Gas for Electric Program Details
Customers that trade in their older gasoline-powered cars and switch to VinFast electric models will be entitled to further savings under the scheme, on top of what is already offered in their particular regions. Customers who choose VinFast electric vehicles will enjoy an additional 3% price reduction, while those who choose electric scooters will receive a 5% discount.
The promotion will be accessible in all four of the markets where VinFast is now expanding. According to the corporation, the goal is to facilitate the transition to electric cars at a time when growing gasoline prices are starting to affect daily transportation expenses.
Ride-Hailing Fare Cuts Announced
GSM Green and Smart Mobility Joint Stock Company, Vingroup’s mobility division, has also declared a brief drop in ride-hailing costs on its electric mobility platforms. Between March 11 and March 31, 2026, there will be a 10% fare reduction for users of the Xanh SM service in Vietnam and Green SM in Indonesia. Depending on the market, the final fare cut could differ slightly.
VinFast claims that the lead aims to reduce consumer expenses while also promoting a quicker transition away from gasoline-powered automobiles. According to the corporation, if gasoline price volatility persists in the upcoming months, the project may be extended.
VinFast’s Strategy to Boost Electric Mobility
The initiative was lanuched in reaction to the wider economic impact of geopolitical changes impacting gasoline costs, according to VinFast’s Deputy CEO of Global Sales, Duong Thi Thu Trang. The action is in line with Vingroup’s efforts to increase electric mobility and lessen environmental impact, she continued.
Customers will be able to combine advantages when buying an electric car thanks to the “Trade Gas for Electric” program, which will operate in tandem with VinFast’s current incentives in each area.
FAQs
1. What is the “Trade Gas for Electric” program by VinFast?
The “Trade Gas for Electric” program is an incentive scheme launched by VinFast to encourage customers to switch from gasoline-powered vehicles to electric vehicles by offering additional discounts on EV purchases.
2. In which countries is the Trade Gas for Electric program available?
The initiative will be implemented in four markets: Vietnam, India, Indonesia, and the Philippines.
3. What discounts are offered under the program?
Customers who trade in gasoline-powered cars for VinFast electric vehicles will receive an additional 3% price reduction, while those purchasing electric scooters will get a 5% discount.
4. Can the Trade Gas for Electric benefits be combined with other offers?
Yes, according to VinFast, customers can combine this program with existing incentives available in each market when purchasing an electric vehicle.
5. Are there any ride-hailing benefits announced along with the program?
Yes. Vingroup’s mobility division has announced a 10% fare reduction for ride-hailing services such as Xanh SM in Vietnam and Green SM in Indonesia from March 11 to March 31, 2026.
6. Why did VinFast introduce this program?
The initiative was launched to help consumers manage transportation costs amid rising gasoline prices while also encouraging the transition toward electric mobility.
7. Could the program be extended in the future?
VinFast stated that the program may be extended if gasoline price volatility continues in the coming months.
