Vietnamese EV automaker on a record-breaking roll for 2025; plus other EV news

For PropertyGuru’s news roundup, we take a look at electric vehicles (EVs). Vietnamese automaker VinFast reported strong domestic sales of EVs in January, building on its momentum from 2024. In other headlines, the Johor Green Development Committee has set a transportation policy to increase EV registrations in the Malaysian state by 2030. Lastly, the Asian Development Bank is supporting the Ayala Corporation in developing an electric mobility ecosystem in the Philippines.

VinFast delivers over 10,000 EVs in Vietnam in January

Vietnamese automaker VinFast reported strong domestic sales in January, delivering more than 10,000 EVs, with the VF 3 and VF 5 remaining its best-selling models. Building on its momentum from 2024, the company, a member of Vietnam’s largest private conglomerate Vingroup, started the new year with record-breaking figures. The compact VF 3 led the charts with over 4,000 units sold, followed by the VF 5 at 3,300 units. The remaining sales came from other models, reports VietnamPlus. Looking ahead, VinFast expects 2025 to be a breakthrough year, with plans to introduce new models in the coming months. These include a seven-seat MPV for personal use and several vehicles designed for commercial purposes.

Malaysia’s Johor targets over 15,000 EV registrations by 2030

The Johor Green Development Committee has set a transportation policy to increase EV registrations in the state to 15,840 units by 2030, compared with the current 977 units, The Edge Malaysia reports. Johor Health and Environment Committee chairman Ling Tian Soon said to achieve this target, the committee has set a target of 1,245 EV charging stations by 2030. “Currently, there are 377 charging stations in Johor. The increase in EV charging stations will also attract more EV users from Singapore, following its decision to transition to clean energy vehicles by 2030,” he told reporters after attending a Chinese New Year celebration with orphans and the underprivileged.

ADB, Ayala sign USD100 million financing deal to support electric mobility in the Philippines

The Asian Development Bank (ADB) reports that the bank has signed a financing package of up to USD100 million to support Ayala Corporation’s contributions to the development of an electric mobility ecosystem in the Philippines. This funding will be used to procure and install electric vehicle charging stations (EVCS) and to purchase electric vehicles for commercial distribution.

The package includes a concessional loan from the Canadian Climate and Nature Fund for the Private Sector in Asia (CANPA). ADB’s financing, along with the concessional loan, will be used to develop a network of EVCS in the Philippines. This blended financing features an innovative pricing structure aimed at accelerating the deployment of EVCS infrastructure. A portion of the ADB financing will be allocated to procure electric vehicles from leading manufacturers for distribution across the country.

The Property Report editors wrote this article. For more information, email: [email protected].