Latest news with #VinFastVF8
Business Wire
4 days ago
- Automotive
- Business Wire
VinFast: EVs Help the Planet and the Household Budget
MARKHAM, Ontario--(BUSINESS WIRE)-- As rising living costs push Canadian families to seek smarter financial choices, electric vehicles like those from VinFast are emerging as practical options that promise long-term savings and stability in uncertain economic times. Canadian families are having to make tough choices as grocery bills climb by 3.8% year over year 1. With 85% now feeling like they're living paycheque to paycheque 2 and 61% reconsidering major life decisions due to rising costs 3, every purchase matters more than ever. In this climate, consumers will have to calculate which vehicle makes the most financial sense over time. The answer increasingly points to electric. The Numbers Don't Lie Recent research reveals a compelling financial picture for electric vehicles. Clean Energy Canada found that EVs save Canadian drivers roughly $3,000 annually on average. Over ten years, that adds up to about $30,000 in savings 4. An electric hatchback or SUV can save $28,500 compared to its gasoline equivalent during the same period. An earlier research from Vincentric supports these findings. They analyzed 40 electric vehicles against comparable gas models and came to the conclusion that 95% of EVs cost less to own over five years than their traditional counterparts 5. The savings come from lower fuel costs, reduced maintenance needs, and fewer repairs. Long seen as an environmentally friendly alternative to gasoline cars, EVs are now emerging as practical financial tools for households watching every dollar. Yes, EVs often cost more upfront, but they can reduce the total cost of ownership, a growing concern for budget-conscious families. Lower fuel costs make a difference when gas prices swing unpredictably, and reduced maintenance helps when unexpected repair bills can derail household budgets. This financial logic could be especially appealing to parents. The Spring Financial report found that 70% of parents with kids at home are reconsidering major decisions due to cost pressures 6. They're 40% less likely to afford emergency savings compared to other Canadians. For these families, an EV's lower operating costs might help free up money for other priorities. The psychological shift may be underway. Canadians who once bought EVs to feel good about the environment might now be turning to them to make better financial decisions. Meeting the Market Where It Is Automakers recognize this change. VinFast, the best-selling automaker in Vietnam, for example, has structured its Canadian strategy around what budget-conscious buyers actually want. Their "3 Good" approach focuses on premium cars, affordable prices, and excellent aftersales policies. It's straightforward messaging for complicated times. Currently, VinFast offers one of the longest warranties in the car industry, with their all-wheel-drive mid-sized electric SUV, the VinFast VF 8, covered for ten years or 200,000 kilometers, with unlimited kilometers on the battery under normal usage. This is financial insurance for families who can't afford unexpected repair bills. The warranty reduces long-term uncertainty, which matters more when household budgets are already stretched thin. The brand's approach aligns with current Canadian priorities. Affordable pricing addresses upfront cost concerns. Well-equipped vehicles provide value. Strong service commitments reduce ownership risks. These aren't luxury considerations anymore; they're necessities for families making careful financial decisions. VinFast's strategy reflects the broader market reality. Canadian buyers want EVs that make financial sense first and environmental sense second. Both matter, but economic pressures have reordered priorities. The New Equation Today's car buyers face a different calculation than they did several years ago. Environmental benefits still matter, but financial benefits often determine the final decision. EVs deliver on both, but the economic case has become the compelling argument. In this environment, brands should recognize that they're selling financial security as much as environmental responsibility. They can win over customers by understanding what Canadian families need most right now: vehicles that help their budgets work better, not just make their carbon footprint smaller.
Associated Press
27-05-2025
- Automotive
- Associated Press
With Fading Rebates, EVs like VinFast's VF 8 Offer Rare Value in 2025
MARHAM, Ontario--(BUSINESS WIRE)--May 27, 2025-- With the federal EV rebate now ended and Quebec still offering up to $4,000 in 2025, Canadians eyeing electric vehicles—like the VinFast VF 8—face a narrowing but still lucrative window of opportunity as provincial incentives tighten and the market shifts toward long-term policy. The federal iZEV Program, which once offered up to $5,000 in rebates for qualifying zero-emission vehicles, has recently ended after its successful run. Several provinces maintain their own incentives - Quebec provides up to $4,000 in rebates in 2025, which can significantly reduce the purchase price of a new EV. These programs are evolving as the EV market matures. Provincial rebates are being adjusted yearly, with some scheduled to decrease through 2027. This follows a global pattern where EV support is transitioning from early adoption incentives to more sustainable long-term policies. Germany adjusted its subsidies in 2023, while the UK has shifted its focus to expanding charging infrastructure. The incentives window are closing A recent AutoTrader survey reveals that 68% of potential EV buyers consider government incentives in their purchase decision 1. As these incentives shift, consumers may need to adapt their strategies, particularly in provinces with generous but changing rebate structures. The same AutoTrader survey shows 42% of Canadians are considering an electric vehicle for their next purchase. While this represents a slight adjustment from previous years, it signals a maturing market moving beyond early adopters. Price parity remains a consideration. AutoTrader's research shows EVs typically cost 15-20% more than comparable gas-powered models upfront. In provinces with robust incentives like Quebec, these financial supports help bridge this gap while the industry continues to advance toward natural price competitiveness. Even in provinces without substantial rebates, the long-term ownership economics are improving as charging infrastructure expands. For Canadians across the country, particularly in Quebec where provincial rebates remain among the strongest, the current incentive landscape creates a favorable window for EV purchases. With potential savings of several thousand dollars depending on location, the financial advantages in 2025 are substantial for eligible vehicles. The current incentive landscape creates varying opportunities across different provinces. In Quebec, where the VF 8 qualifies for CAD$4,000 provincial rebates 2, buyers have a particularly strong financial case. And the timing remains an important factor. A Quebec family buying in 2025 could benefit from current rebate levels that may be adjusted in coming years. These savings can be significant - potentially equal to several monthly car payments. The opportunity for VF 8 buyers The VF 8 from VinFast, Vietnam's best-selling car manufacturer last year, is an affordable premium midsize crossover designed to meet the needs of today's EV buyers. It offers 349-402 hp of power, depending on the configuration, and comes standard with all-wheel drive, making it well-suited for challenging winter conditions across Canada. With a range of 380-412 kilometers, the VF 8 addresses common concerns about distance, while its fast-charging capability allows the battery to go from 10% to 70% in about 31 minutes at compatible stations. Advanced safety and driver assistance features come standard, including lane keeping, collision avoidance, adaptive cruise control, and 11 airbags positioned strategically to provide protection to everybody onboard. The VF 8 also offers long-term peace of mind with a vehicle warranty that extends up to 10 years or 200,000 kilometers. Altogether, it represents exceptional value and showcases how EVs have evolved to meet Canadian expectations. The road ahead For Canadians considering an electric vehicle, 2025 represents a favorable alignment of factors: technology has matured, range capabilities meet most driving needs, charging infrastructure continues to expand, and provincial incentives remain available in key markets like Quebec and British Columbia. Beyond 2025, the EV landscape will continue to improve with more models, better technology, and expanding infrastructure nationwide. While provincial incentive structures may evolve, particularly in Quebec where they are currently most generous, the overall trajectory toward electric mobility remains strong. Those considering the switch to electric will find regional advantages in 2025, with Quebec currently offering the most favorable combination of incentives and technology readiness that makes the transition both practical and economical. 1https:// 2https:// View source version on John Lindo –[email protected] KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE AUTOMOTIVE MANUFACTURING EV/ELECTRIC VEHICLES MANUFACTURING ALTERNATIVE VEHICLES/FUELS SOURCE: VinFast Copyright Business Wire 2025. PUB: 05/27/2025 06:00 AM/DISC: 05/27/2025 05:59 AM
Business Wire
27-05-2025
- Automotive
- Business Wire
With Fading Rebates, EVs like VinFast's VF 8 Offer Rare Value in 2025
MARHAM, Ontario--(BUSINESS WIRE)-- With the federal EV rebate now ended and Quebec still offering up to $4,000 in 2025, Canadians eyeing electric vehicles—like the VinFast VF 8—face a narrowing but still lucrative window of opportunity as provincial incentives tighten and the market shifts toward long-term policy. The federal iZEV Program, which once offered up to $5,000 in rebates for qualifying zero-emission vehicles, has recently ended after its successful run. Several provinces maintain their own incentives - Quebec provides up to $4,000 in rebates in 2025, which can significantly reduce the purchase price of a new EV. These programs are evolving as the EV market matures. Provincial rebates are being adjusted yearly, with some scheduled to decrease through 2027. This follows a global pattern where EV support is transitioning from early adoption incentives to more sustainable long-term policies. Germany adjusted its subsidies in 2023, while the UK has shifted its focus to expanding charging infrastructure. The incentives window are closing A recent AutoTrader survey reveals that 68% of potential EV buyers consider government incentives in their purchase decision 1. As these incentives shift, consumers may need to adapt their strategies, particularly in provinces with generous but changing rebate structures. The same AutoTrader survey shows 42% of Canadians are considering an electric vehicle for their next purchase. While this represents a slight adjustment from previous years, it signals a maturing market moving beyond early adopters. Price parity remains a consideration. AutoTrader's research shows EVs typically cost 15-20% more than comparable gas-powered models upfront. In provinces with robust incentives like Quebec, these financial supports help bridge this gap while the industry continues to advance toward natural price competitiveness. Even in provinces without substantial rebates, the long-term ownership economics are improving as charging infrastructure expands. For Canadians across the country, particularly in Quebec where provincial rebates remain among the strongest, the current incentive landscape creates a favorable window for EV purchases. With potential savings of several thousand dollars depending on location, the financial advantages in 2025 are substantial for eligible vehicles. The current incentive landscape creates varying opportunities across different provinces. In Quebec, where the VF 8 qualifies for CAD$4,000 provincial rebates 2, buyers have a particularly strong financial case. And the timing remains an important factor. A Quebec family buying in 2025 could benefit from current rebate levels that may be adjusted in coming years. These savings can be significant - potentially equal to several monthly car payments. The opportunity for VF 8 buyers The VF 8 from VinFast, Vietnam's best-selling car manufacturer last year, is an affordable premium midsize crossover designed to meet the needs of today's EV buyers. It offers 349-402 hp of power, depending on the configuration, and comes standard with all-wheel drive, making it well-suited for challenging winter conditions across Canada. With a range of 380-412 kilometers, the VF 8 addresses common concerns about distance, while its fast-charging capability allows the battery to go from 10% to 70% in about 31 minutes at compatible stations. Advanced safety and driver assistance features come standard, including lane keeping, collision avoidance, adaptive cruise control, and 11 airbags positioned strategically to provide protection to everybody onboard. The VF 8 also offers long-term peace of mind with a vehicle warranty that extends up to 10 years or 200,000 kilometers. Altogether, it represents exceptional value and showcases how EVs have evolved to meet Canadian expectations. The road ahead For Canadians considering an electric vehicle, 2025 represents a favorable alignment of factors: technology has matured, range capabilities meet most driving needs, charging infrastructure continues to expand, and provincial incentives remain available in key markets like Quebec and British Columbia. Beyond 2025, the EV landscape will continue to improve with more models, better technology, and expanding infrastructure nationwide. While provincial incentive structures may evolve, particularly in Quebec where they are currently most generous, the overall trajectory toward electric mobility remains strong. Those considering the switch to electric will find regional advantages in 2025, with Quebec currently offering the most favorable combination of incentives and technology readiness that makes the transition both practical and economical.
National Post
21-05-2025
- Automotive
- National Post
The VF 8 Reflects a Shift Toward No-Compromise Electric Vehicles
Article content MARKHAM, Ontario — Electric vehicles are entering a new phase, where buyers no longer accept trade-offs in range, comfort, or price. With its balanced design and features, the VinFast VF 8 illustrates how the market is shifting toward more complete, no-compromise offerings. Article content Article content Early adopters put up with plenty of drawbacks. Range anxiety, software incompleteness, and higher price tags were all accepted as necessary trade-offs. They bought into a promise rather than a finished product. Not anymore. Article content As EVs push toward mainstream adoption, the market has matured, at least in developed ones like Canada. Mainstream consumers now judge electric cars against the gas-powered vehicles they've driven for decades. These buyers aren't environmental crusaders willing to sacrifice comfort or convenience. They're practical people making practical decisions. Article content A recent AutoTrader survey highlights that interest in EVs in Canada has dropped for three consecutive years, with 78% of consumers citing limited range as their primary concern. The second biggest worry is cost: Despite falling prices, electric vehicles still command a 15-20% premium over conventional alternatives 1. Article content This matters because today's car buyers are more discerning than ever. They're tech-savvy and design-conscious but also value-driven. They want vehicles that work for their lifestyle without compromise. The 'good enough for an EV' mentality is disappearing fast. Article content Traditional automakers built their reputations on specific strengths. Some are known for their cars' performance, others comfort, reliability, or affordability. Few excelled across all categories. Article content But the new benchmark and the new financial circumstance, amid the tariff situation, requires delivering high standards on multiple fronts simultaneously. Range anxiety remains the top concern, but buyers also expect intuitive technology, competitive pricing, and thoughtful design. Meeting just one or two of these expectations isn't enough anymore. Article content This challenge is pushing automakers to innovate faster. Companies are racing to develop batteries with greater energy density, more efficient motors, and smarter software. They're exploring new designs that maximize interior space while maintaining aerodynamic efficiency. Article content Amid this context, the VinFast VF 8 represents a new approach in the EV market that delivers a balanced combination of performance, technology, design, comfort, and value rather than excelling in just one area. Article content On the road, this electric SUV provides acceleration comparable to many luxury models. Its dual-motor all-wheel-drive system ensures confident handling in various conditions, while offering a range of up to 412 km per charge, sufficient for both daily commutes and weekend getaways. Article content Design-wise, the VF 8 strikes a perfect balance between distinctive and conventional. It achieves aerodynamic efficiency without resorting to the quirky styling often seen in EVs. The interior features spacious seating, premium materials, and thoughtful storage solutions. The climate control system intelligently balances comfort and battery preservation, while the ride quality remains refined on highways and capable over rougher surfaces, matching that of more established automotive brands. Article content The technology experience centers around a 15.6-inch customizable touchscreen that combines familiar controls with advanced capabilities. The interface proves intuitive and accessible, with over-the-air updates ensuring the operating system stays current. Article content Enhancing the ownership experience is the VinFast C-App, which enables remote vehicle monitoring, function control, navigation, and roadside assistance access. This app also provides access to 95% of public charging stations throughout North America, making sure drivers can find a place to charge almost anywhere. Canadian customers benefit further from an industry-leading 10-year/200,000 km warranty coverage. Article content All this comes at a price point meant to attract mainstream buyers, not just luxury shoppers. Article content This matters because many potential EV buyers remain unconvinced. They're interested but hesitant, waiting for vehicles that truly meet their needs without asking them to adjust their lifestyle. Cars like the VF 8 could shift these perceptions and accelerate mainstream adoption. Article content 'Good enough' no longer inspires confidence. The future belongs to vehicles that can deliver it all. As competition intensifies, consumers will reap the benefits of better cars at better prices. Models like the VF 8 show that striking this balance is possible. Article content Article content Article content Article content Article content Article content
Business Wire
21-05-2025
- Automotive
- Business Wire
The VF 8 Reflects a Shift Toward No-Compromise Electric Vehicles
MARKHAM, Ontario--(BUSINESS WIRE)-- Electric vehicles are entering a new phase, where buyers no longer accept trade-offs in range, comfort, or price. With its balanced design and features, the VinFast VF 8 illustrates how the market is shifting toward more complete, no-compromise offerings. Early adopters put up with plenty of drawbacks. Range anxiety, software incompleteness, and higher price tags were all accepted as necessary trade-offs. They bought into a promise rather than a finished product. Not anymore. As EVs push toward mainstream adoption, the market has matured, at least in developed ones like Canada. Mainstream consumers now judge electric cars against the gas-powered vehicles they've driven for decades. These buyers aren't environmental crusaders willing to sacrifice comfort or convenience. They're practical people making practical decisions. A recent AutoTrader survey highlights that interest in EVs in Canada has dropped for three consecutive years, with 78% of consumers citing limited range as their primary concern. The second biggest worry is cost: Despite falling prices, electric vehicles still command a 15-20% premium over conventional alternatives 1. This matters because today's car buyers are more discerning than ever. They're tech-savvy and design-conscious but also value-driven. They want vehicles that work for their lifestyle without compromise. The "good enough for an EV" mentality is disappearing fast. Traditional automakers built their reputations on specific strengths. Some are known for their cars' performance, others comfort, reliability, or affordability. Few excelled across all categories. But the new benchmark and the new financial circumstance, amid the tariff situation, requires delivering high standards on multiple fronts simultaneously. Range anxiety remains the top concern, but buyers also expect intuitive technology, competitive pricing, and thoughtful design. Meeting just one or two of these expectations isn't enough anymore. This challenge is pushing automakers to innovate faster. Companies are racing to develop batteries with greater energy density, more efficient motors, and smarter software. They're exploring new designs that maximize interior space while maintaining aerodynamic efficiency. Amid this context, the VinFast VF 8 represents a new approach in the EV market that delivers a balanced combination of performance, technology, design, comfort, and value rather than excelling in just one area. On the road, this electric SUV provides acceleration comparable to many luxury models. Its dual-motor all-wheel-drive system ensures confident handling in various conditions, while offering a range of up to 412 km per charge, sufficient for both daily commutes and weekend getaways. Design-wise, the VF 8 strikes a perfect balance between distinctive and conventional. It achieves aerodynamic efficiency without resorting to the quirky styling often seen in EVs. The interior features spacious seating, premium materials, and thoughtful storage solutions. The climate control system intelligently balances comfort and battery preservation, while the ride quality remains refined on highways and capable over rougher surfaces, matching that of more established automotive brands. The technology experience centers around a 15.6-inch customizable touchscreen that combines familiar controls with advanced capabilities. The interface proves intuitive and accessible, with over-the-air updates ensuring the operating system stays current. Enhancing the ownership experience is the VinFast C-App, which enables remote vehicle monitoring, function control, navigation, and roadside assistance access. This app also provides access to 95% of public charging stations throughout North America, making sure drivers can find a place to charge almost anywhere. Canadian customers benefit further from an industry-leading 10-year/200,000 km warranty coverage. All this comes at a price point meant to attract mainstream buyers, not just luxury shoppers. This matters because many potential EV buyers remain unconvinced. They're interested but hesitant, waiting for vehicles that truly meet their needs without asking them to adjust their lifestyle. Cars like the VF 8 could shift these perceptions and accelerate mainstream adoption. "Good enough" no longer inspires confidence. The future belongs to vehicles that can deliver it all. As competition intensifies, consumers will reap the benefits of better cars at better prices. Models like the VF 8 show that striking this balance is possible.
