- Vingroup launched a regional promotion encouraging drivers to trade gasoline vehicles for VinFast electric models with additional discounts.
- The campaign also includes discounted Green SM ride-hailing fares and may extend depending on global fuel price trends.
Amid volatile global oil prices, the Vingroup gasoline trade-in for electric promotion was announced on March 10, 2026 to encourage drivers to transition toward electric mobility. The limited-time initiative spans Vietnam, India, Indonesia, and the Philippines, offering additional purchase incentives for customers replacing gasoline vehicles with VinFast electric models. By aligning consumer cost savings with sustainability goals, the campaign aims to reduce fuel dependence while accelerating regional adoption of battery-powered transportation.
Trade-In Incentives for VinFast Electric Vehicles
The promotion provides additional financial incentives to customers switching from internal combustion vehicles to VinFast electric models. Buyers trading in gasoline-powered cars receive an extra 3 percent discount on VinFast electric cars, while customers exchanging gasoline motorcycles gain an additional 5 percent discount on electric motorcycles. These benefits are layered on top of existing market incentives already available in each participating country, helping reduce the upfront cost of transitioning to electric mobility.
Ride-Hailing Discounts Through Green SM
Alongside the vehicle trade-in incentives, the campaign extends to Vingroup’s electric ride-hailing service, Green SM. From March 11 through March 31, 2026, passengers using the service in Vietnam and Indonesia receive a 10 percent fare reduction. The company noted that the duration of the broader campaign may be extended if global fuel price volatility continues or if geopolitical developments in the Middle East further influence oil markets.
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