Fast-rising BEV brand, VinFast, today announced that its web-based Total Cost of Ownership (TCO) Calculator is now available on its website, giving customers an interactive tool to compare the long-term financial impact of driving an EV versus a traditional ICE vehicle.
The TCO calculator demonstrates the economic benefits of battery electric vehicles versus gas-powered counterparts. It addresses a major hurdle in local EV adoption by translating broad industry claims and promises of long-term energy bargain into concrete, personalized household savings. With volatile gas prices continuing to stretch a Filipino family’s transport budget, the tool extends the car-buying decision beyond looking at basic specs, focusing instead on the total lifetime expenditure when owning a VinFast EV.
By factoring in daily driving habits, fuel or electricity expenses, monthly financing payments, and routine maintenance, the TCO Calculator gives consumers the freedom to simulate their exact financial outlook before initial purchase.
Available directly on VinFast’s website, users simply select one of the brand’s vehicle models, enter their average monthly mileage, choose a battery ownership option, and set their expected ownership duration. In mere seconds, the web-based tool generates comparative estimates, contrasting the lifetime costs of a VinFast EV against comparable ICE models.
Turn Savings Into Real World Milestones
Rather than requesting potential consumers to compare prices alone, the brand’s TCO Calculator provides a clear view of cumulative ownership over several years.
On the website, users simply enter basic information such as their preferred VinFast car model, monthly mileage, battery ownership option, and expected ownership period. Within seconds, the TCO Calculator generates an estimated monthly payment, monthly energy cost, and total ownership projection.
And the results can be a monumental eye-opener for buyers.
For example, a buyer in the Philippines selecting a VinFast VF 7 Plus with a battery subscription, driving 2,000 kilometers per month over five years, would see an estimated TCO of P1,884,890. Under the same conditions, the calculator estimates that an ICE vehicle would cost P3,156,240 over the same timeframe.
That equals a massive potential savings of P1,271,350– or about 40%.
That is not just extra change or savings – it is life-changing capital that can be utilized to launch a new business, protect the family against inflation, or simply reclaim thousands of pesos from volatile gas prices.
Driven by Local Realities
This localized transparency arrives at a critical point.
A recent consumer study by Agile Data Solutions Inc. revealed that one in six Filipinos is actively considering an EV or hybrid vehicle as rising transport and fuel costs continue to be a consistent challenge for Filipino households. With gas prices intermittently threatening the P100 mark in recent weeks, the everyday cost of mobility emerged as a primary pain point. Based on 2026 local estimates, standard electricity rates hover around P12 per kWh compared to petrol sitting near the P65 mark – allowing high-mileage EV drivers to flawlessly outpace the initial purchase premium of their vehicles.
This local sentiment mirrors a broader global trend, as Deloitte’s 2026 Global Automotive Consumer Study found that 52 percent of U.S. consumers considering an EV also cited lower fuel costs as their primary motivation. Meanwhile, 40% said overall vehicle cost and maintenance remains one of their biggest concerns.
Together, these proof points highlight that whether in the Philippines or the United States, the desire to reduce lifetime mobility expenses is the primary catalyst that continues to drive the shift towards EV adoption.
For emerging automakers like VinFast – the No. 1 BEV Brand in the Philippines from March-June 2026 per CAMPI-TMA data – this TCO Calculator initiative helps consumers understand that lifetime ownership economics is equally important as advertising vehicle specs.
Instead of requesting consumers to take its claim of lower ownership costs upfront, VinFast is here to provide a powerful tool to test different scenarios themselves. Not to be seen as a mere marketing gimmick, the TCO Calculator acts as a dedicated financial planning tool.
By making these long-term benefits measurable, personalized, and easier to act on, VinFast goes up and beyond that just merely selling cars – it presents itself as capable of empowering Filipino drivers to make smarter and future-proof financial decisions.
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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 today includes a wide range of electric SUVs, e scooters, and e buses.
VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe, the Middle East, and Asia.