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VinFast is making a notable push in Southeast Asia, surpassing Tesla and Toyota in the Philippines’ all-electric vehicle segment for the first time and capturing more than half of the market in the first three months of 2026.
Based on Q1 2026 sales reports from the Philippines Automotive Manufacturers Association and the Philippines Truck Manufacturers Association, VinFast delivered 1,171 electric vehicles in the market.
This performance lifted VinFast to the top position, with the company accounting for more than 51% of total EV sales by members of the two associations. Over the same period, the Philippines’ entire electric-vehicle market sold 2,289 units.
TheAutoPH attributed the shift in consumer interest to volatility in fuel prices in the Philippines. In Q1, EV sales rose 122.9% year-on-year.
In March alone, the market volume reached 1,787 units, up nearly 500% from the previous month.
VinFast is reported to have leveraged the market momentum by rapidly expanding its product range, spanning micro urban cars through larger SUVs, including the VF 3, VF 5, VF 6, VF 7 and VF 9. The company also implemented competitive pricing, flexible battery-leasing options, and incentives aimed at reducing customers’ initial ownership costs.
Alongside its export performance, VinFast continues to lead in Vietnam. In Q1 2026, the company delivered 53,684 electric vehicles, up 53% from a year earlier. In March, sales reached 27,609 vehicles, reinforcing its goal of delivering 300,000 EVs in 2026.
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