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VinFast ‘Trade Gas For Electric’ Programme Offers Extra Discounts As Iran War Sees Oil Prices Boom
Vietnamese conglomerate Vingroup has introduced a new "Trade Gas For Electric" programme to encourage customers to switch from petrol-powered vehicles to electric mobility. The initiative is being rolled out across four markets - India, Vietnam, Indonesia and the Philippines.
Vinfast's "Trade Gas For Electric" programme is being introduced at a time when global fuel prices remain volatile due to the war between Israel and the US and Iran, with the initiative positioned as a way to help customers reduce their dependence on petrol while encouraging the adoption of cleaner mobility solutions.
The "Trade Gas For Electric" programme offers additional incentives for buyers who replace their internal combustion engine vehicles with VinFast electric models, making the transition to EVs more affordable. These benefits are offered in addition to existing promotional offers available in each market.
"Trade Gas For Electric" - Extra Discount On VinFast EVs
Under the "Trade Gas For Electric" scheme, customers switching from petrol vehicles to a VinFast electric car receive an additional 3 per cent discount on the purchase price. In other markets where VinFast also sells electric two-wheelers, customers buying electric scooters receive a 5 per cent price reduction under the same programme.
The incentive applies across markets where VinFast is expanding its presence, including India. In the Indian market, the additional discount applies to models such as the VinFast VF6 and VF7 electric SUVs, which the brand has already showcased as part of its local lineup strategy.
Duong Thi Thu Trang, Deputy CEO of Global Sales, VinFast, stated: "The special 'Trade Gas for Electric' program launched in March across four key markets is VinFast's timely response to geopolitical volatility that is affecting socio-economic conditions in many countries around the world. As one of the pioneering manufacturers leading the global electric vehicle revolution, VinFast together with companies in Vingroup's green ecosystem aims to help reduce the impact of fuel prices on people's daily lives while also lowering environmental pollution through smarter, more sustainable, and more cost-efficient mobility solutions."
The new incentive is designed as a layered benefit, meaning customers can combine the additional discount with other promotional schemes already available in their respective markets. This "Trade Gas For Electric" approach allows buyers to lower the effective purchase price of VinFast EVs further when switching from petrol or diesel vehicles.
Alongside vehicle purchase incentives, Vingroup's mobility arm GSM Green and Smart Mobility has also introduced temporary fare reductions on its electric ride-hailing platforms. Users of Xanh SM in Vietnam and Green SM in Indonesia receive a 10 per cent reduction in fares between March 11 and March 31, 2026, making electric mobility services more accessible during the campaign period.
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