How much can an EV save you?

VinFast has launched an online Total Cost of Ownership Calculator that lets Filipino motorists compare the long-term cost of an electric vehicle with a gasoline-powered model.

Available through the VinFast website, the calculator considers more than the vehicle’s purchase price. It includes financing payments, fuel or electricity expenses, routine maintenance and the expected ownership period.

Users first select a VinFast model before entering their average monthly mileage, preferred battery ownership option and intended ownership duration. The tool then produces estimates for monthly payments, energy expenses and total ownership cost.

It also compares the figures with those of a similar internal combustion engine vehicle.

VinFast said the calculator was developed to give buyers a clearer picture of the possible savings from switching to an EV. This could help motorists determine if lower energy and maintenance costs can offset the initial price of the vehicle.

In one sample calculation provided by the company, a VinFast VF 7 Plus with a battery subscription was driven for an estimated 2,000 kilometers per month over five years.

The calculator placed its total cost of ownership at P1,884,890. A comparable gasoline-powered vehicle under the same conditions was estimated to cost P3,156,240.

This produced a difference of P1,271,350, or about 40 percent, over the five-year period.

The result remains an estimate and will depend on the information entered by the user. Actual electricity rates, fuel prices, financing terms, maintenance expenses and driving habits may change the final cost.

However, the calculator gives prospective buyers a way to test different scenarios before deciding on a vehicle. A motorist can adjust the monthly distance or ownership period to see how each change affects the projected expenses.

The tool arrives as fuel and transport costs remain major concerns among Filipino households. VinFast cited a study by Agile Data Solutions Inc. which found that one in six Filipinos was considering an electric or hybrid vehicle.

The company also used local estimates of about P12 per kilowatt-hour for electricity and around P65 per liter for gasoline. Drivers with higher monthly mileage may see a larger difference because electricity generally costs less per kilometer than gasoline.

VinFast said its calculator turns general claims about lower EV operating costs into figures based on a buyer’s own expected use.

The company was the Philippines’ top-selling battery electric vehicle brand from March to June 2026, based on data from the Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association.

Its local vehicle range includes electric crossovers offered with different battery ownership arrangements. The calculator is now available online for motorists who want to compare the projected cost of owning one with that of a conventional vehicle.