The VinFast VF 3, which made huge waves in Vietnam, is set to make its debut in the Philippines, marking an exciting chapter for the rapidly evolving electric vehicle (EV) market in Southeast Asia. Since its global unveiling at CES 2024, the VF 3 has captured attention as VinFast’s response to the global SUV trend, blending market insights with local expertise.
In recent years, the automotive industry has shifted towards larger vehicles, driven by higher profit margins. However, the VF 3 indicates a potential resurgence of smaller, more affordable cars, particularly in light of rising living costs and growing concerns about the environmental impact of larger vehicles. As noted by David Bailey, a business economics professor, the opportunity cost of producing smaller cars is significant, yet the VF 3 aims to redefine that narrative.
With dimensions of 3,190 x 1,679 x 1,622 mm and a wheelbase of 2,075 mm, the VF 3 is designed for urban living, making it a practical choice for city dwellers. Its operating costs, including battery rental, are expected to be lower than traditional gas-powered vehicles, which is particularly appealing in congested areas like Metro Manila.
VinFast began delivering the VF 3 to customers in Vietnam ahead of schedule, with plans to distribute at least 20,000 units by the end of 2024. Early adopters have praised its performance, citing its quick acceleration and smooth handling, making it ideal for navigating hilly terrain and city streets.
The VF 3 is not just affordable; it’s also a lifestyle product available in nine exterior colors, catering to personal expression. Priced under PHP 800,000, it presents a compelling option for Filipino consumers looking to transition to electric vehicles.
As VinFast prepares to enter the Philippine market, the VF 3 symbolizes a transformative shift in Southeast Asia’s automotive landscape, offering an eco-friendly alternative that combines affordability, customization, and practicality.
