VinFast Offers Its Electric Car Battery Subscription In Indonesia, This Is The Rate Per Month

Making Electric Car Battery VinFast/DOK PHOTO: VinFast Indonesia

JAKARTA - An automotive company from Vietnam, VinFast, offers electric cars with the condition that they subscribe to batteries, which will be ready to change the electric vehicle market in Indonesia.

VinFasr claims this step aims to address the two main obstacles for potential buyers of electric vehicles, namely concerns about the decline in battery quality and ownership costs.

Indeed, if you look at the 2022 Report by Cornwall Insight, it shows that the price can reach up to 30 percent of the total price of electric vehicles themselves.

"This provision ensures that the combined cost of subscribing to batteries and charging remains much lower, compared to operating gasoline cars in the same segment for electric car owners," said VinFast Indonesia CEO Tran Quoc Huy, in his statement, Saturday, April 6.

Based on VinFast battery subscription provisions, for the VFe34 model, customers will pay IDR 1.5 million per month for distances of up to 3,000 km, and IDR 2.6 million per month for trips exceeding 3,000 km.

The 3,000 km (or about 100 km per day) threshold appears to be strategically chosen to match the average driving habit in Indonesia.

The way it works is easy, the owner pays a much lower starting price for the car, similar to the down payment for traditional car purchases. The remaining costs associated with the battery are then borne through monthly subscription fees.

The battery subscription provision has the potential to directly reduce monthly ownership costs, making electric vehicles an option that is more accessible to consumers who have a limited budget, thereby accelerating the implementation of electric cars.

In addition, VinFast believes that its battery subscription provisions address the main concerns of potential electric car buyers, namely battery degradation. To overcome this concern, VinFast issued a battery subscription provision that includes changing the battery for free when the battery's health condition fell below 70% of its original capacity.

"By introducing this provision, we hope to create a more stable car ownership experience," he said.