VinFast, the Vietnamese automaker known for its innovative electric vehicles (EVs), is setting its sights on the U.S. market with the introduction of its compact VF 3. While initially designed for the Vietnamese market, the automaker is exploring the potential to bring this EV to American consumers.
VinFast is currently in discussions with prospective U.S. retailers who are eager to sell the VF 3. The company is in the process of recruiting dealerships across the United States, signaling a departure from its initial plan of exclusively offering factory-direct sales. The response from U.S. dealers has been notably positive, with VinFast advisor Duke Hale highlighting the enthusiastic interest in the VF 3, citing its potential affordability as a key factor.
At meetings held with prospective U.S. dealers in October, VinFast showcased a full-scale foam model of the electric VF 3. Impressively, nearly all of the participating dealers expressed a strong desire to offer the VF 3 to American customers. This overwhelming response can be attributed to the vehicle's expected price point, which is projected to fall below $20,000. Furthermore, the VF 3 could be eligible for the $7,500 EV tax credit when leased, potentially reducing its cost to as low as $12,500.
The VF 3, despite its compact dimensions with a length of just 122.5 inches (3,114 mm), is designed to comfortably accommodate up to five passengers. While specific powertrain details have yet to be revealed, VinFast had initially planned to initiate Vietnamese deliveries of the VF 3 in the third quarter of 2024.
VinFast's proactive approach to expanding its presence in the U.S. underscores the growing interest in affordable and eco-friendly mobility solutions. The VF 3's potential entry into the American market may offer a cost-effective EV choice for consumers, aligning with the ongoing shift towards electric transportation.