Vietnamese electric vehicle (EV) maker VinFast will offer a more traditional purchase arrangement alongside its unusual battery lease plan, the automaker has clarified.
Last week, VinFast announced prices for its first two U.S. products, the 2023 VF 8 2-row midsize sport utility vehicle and VF 9 3-row midsize SUV. The pricing included an innovative twist – buyers would buy the car but pay a monthly lease fee for the battery.
Americans are accustomed to paying for their cars as a single payment. We traditionally own our cars, if not immediately, after we finish paying for them. So a battery lease plan seemed odd. But it came with a promise – VinFast would replace any battery that fell below 70% of its maximum capacity.
Now, a VinFast spokesman tells KBB, “VinFast’s battery subscription policy is applied to all EVs sold until the end of 2023. From 2024, we will offer both…
EV-Maker VinFast Will Both Sell and Lease Batteries
