Vingroup launches global incentives encouraging shift from gasoline vehicles to electric mobility
Vingroup has introduced a new initiative aimed at encouraging the transition from gasoline-powered vehicles to electric mobility. The program, titled “Trade Gas for Electric,” will be implemented across several markets including Vietnam, India, Indonesia and Philippines. The announcement comes at a time when fluctuations in global fuel prices have raised concerns about transportation costs for consumers.
As part of the initiative, customers switching from older petrol-powered vehicles to new electric models from VinFast will receive additional purchase incentives. The scheme offers a 3 percent discount on VinFast electric cars and a 5 percent discount on VinFast electric scooters. These benefits will be provided alongside existing promotional offers available in each market during the program period.
In addition to vehicle purchase incentives, the program also includes reduced fares for electric ride-hailing services operated within Vingroup’s mobility ecosystem. GSM Green and Smart Mobility has announced a 10 percent reduction in fares for services operating on the Xanh SM platform in Vietnam and Green SM in Indonesia between March 11 and March 31, 2026. The move is intended to make electric mobility options more accessible during a period of rising fuel costs.
According to Vingroup, the initiative aims to help consumers manage transportation expenses while encouraging a shift toward lower-emission mobility solutions. The company indicated that the program may be extended depending on future fuel price trends and broader global developments. By combining this initiative with other ongoing incentives, Vingroup and its associated companies are seeking to promote wider adoption of electric vehicles and support the development of cleaner mobility ecosystems.