MANILA, Philippines — Green GSM has launched its rental program in the Philippines, an EV rental program for TNVS drivers with a path to vehicle ownership after 5 years, built around its “5 Ready” commitment: Vehicle Ready, Energy Ready, Platform Ready, Support Ready, and Earnings Ready. The program helps drivers overcome barriers to switching to electric vehicles, connect with passengers, and build more stable earnings amid fluctuating fuel prices.
Fuel Prices Squeeze TNVS Earnings
Continued fuel price fluctuations are making it increasingly difficult for TNVS drivers in the Philippines to manage their earnings. During the week of October 6–12, 2026, gasoline prices rose by up to PHP 1.93 per liter, with common pump prices in Metro Manila ranging from about PHP 89 to PHP 100 per liter, while diesel prices fell by PHP 1.30 per liter but remained high at around PHP 94 per liter, according to the Department of Energy.
For TNVS drivers, every fuel price adjustment directly affects how much they take home after a day on the road.
Against this backdrop, electric vehicles (EVs) offer TNVS drivers a way to manage operating costs, thanks to their lower energy costs compared with gasoline-powered vehicles. However, the upfront cost, access to charging, and ability to assess earning potential when switching to a new type of vehicle remain key considerations for many drivers.
The rental program was designed with these considerations in mind. Through a vehicle rental model, the program gives drivers access to a new VinFast EV without requiring a large upfront investment to purchase a vehicle.
Drivers can choose from three models suited to ride-hailing operations on the Green GSM platform: the VinFast VF 5, Herio Green, and Limo Green. The program offers an entry cost starting at PHP 5,000 and daily rental rates starting at PHP 1,040. After five years, drivers have a path to owning the vehicle, giving them a basis for planning their work over the longer term.
Each model serves a different need. The VF 5 and Herio Green are five-seater vehicles suited to everyday trips, while the seven-seater Limo Green offers more space for passengers. Whichever model they choose, they can access a vehicle that is built for ride-hailing work, with estimated operating costs up to 30% lower than those of comparable gasoline-powered vehicles when driving 3,000 kilometers per month over five years.
This approach is suited to drivers who are considering switching vehicles but want to avoid putting too much pressure on their finances upfront. Experienced TNVS drivers can lower their operating costs by switching to an EV, while licensed drivers without a vehicle of their own gain another way to get started.
What the “5 Ready” Commitment Covers
Vehicle access (Vehicle Ready) is one of the five pillars of Green GSM’s “5 Ready” commitment to its driver partners. Through the rental program, drivers can also connect with passengers through the Green GSM platform (Platform Ready). They also get access to the V-Green charging network and free charging until March 31, 2029, subject to the applicable terms and conditions (Energy Ready).
On earnings (Earnings Ready), the program offers a revenue-sharing rate of up to 90%, with potential monthly earnings of up to PHP 90,000, depending on operating performance and applicable conditions. Green GSM also supports drivers throughout the onboarding process, from providing guidance on documentation, registration, permits, and insurance to offering training, helping them get started more smoothly (Support Ready).
With the rental program, TNVS drivers can protect their take-home earnings from fuel price swings while working toward owning their vehicle.
