Green GSM has introduced its electric vehicle (EV) rental program in the Philippines, giving Transport Network Vehicle Service (TNVS) drivers access to EVs with a pathway to vehicle ownership after five years. Built around the company’s “5 Ready” commitment—Vehicle Ready, Energy Ready, Platform Ready, Support Ready, and Earnings Ready—the program aims to make the shift to electric mobility more accessible, help drivers connect with passengers, and support more stable earnings amid fluctuating fuel prices.
Fuel Prices Squeeze TNVS Earnings
Ongoing fuel price fluctuations are putting increasing pressure on the earnings of TNVS drivers in the Philippines. During the week of October 6–12, 2026, gasoline prices increased by as much as PHP 1.93 per liter, with common pump prices in Metro Manila ranging from approximately PHP 89 to PHP 100 per liter. Diesel prices, meanwhile, dropped by PHP 1.30 per liter but remained relatively high at around PHP 94 per liter, according to the Department of Energy.
For TNVS drivers, every fuel price adjustment directly affects their daily operating expenses and the income they take home after spending hours on the road.
In this environment, electric vehicles offer a potential way to manage operating costs, thanks to their lower energy expenses compared with gasoline-powered vehicles. However, the upfront investment, access to charging facilities, and uncertainty about earning potential when transitioning to a new type of vehicle remain important considerations for many drivers.
Green GSM’s rental program was developed to address these concerns. Through a vehicle rental arrangement, drivers can use a new VinFast EV without having to make a substantial upfront investment to purchase one.
Participants can choose from three models designed for ride-hailing operations on the Green GSM platform: the VinFast VF 5, Herio Green, and Limo Green. The program features an entry cost starting at PHP 5,000 and daily rental rates beginning at PHP 1,040. After five years, drivers have the opportunity to own the vehicle, providing a longer-term path for planning their work and finances.
Each vehicle caters to different passenger and operational needs. The VF 5 and Herio Green are five-seater models suited for everyday trips, while the seven-seater Limo Green provides additional passenger space. Regardless of the model selected, drivers gain access to vehicles designed for ride-hailing operations, with estimated operating costs up to 30% lower than comparable gasoline-powered vehicles when driven 3,000 kilometers per month over five years.
This rental arrangement offers an option for drivers who want to transition to electric mobility without placing too much financial pressure on themselves upfront. Experienced TNVS drivers can potentially reduce their operating expenses by switching to an EV, while licensed drivers who do not own a vehicle can gain another opportunity to enter the ride-hailing industry.
What the “5 Ready” Commitment Covers
Vehicle access, or Vehicle Ready, is one of the five pillars of Green GSM’s “5 Ready” commitment to its driver partners. The rental program also allows drivers to connect with passengers through the Green GSM platform under Platform Ready.
Under Energy Ready, drivers gain access to the V-Green charging network and can enjoy free charging until March 31, 2029, subject to applicable terms and conditions.
For Earnings Ready, the program offers drivers a revenue-sharing rate of up to 90%, with potential monthly earnings reaching as much as PHP 90,000, depending on operating performance and applicable conditions.
Meanwhile, Support Ready ensures that drivers receive assistance throughout the onboarding process. Green GSM provides guidance on documentation, vehicle registration, permits, and insurance, along with training to help drivers get started more smoothly.
Through its EV rental program, Green GSM aims to help TNVS drivers manage the impact of fuel price fluctuations, protect their take-home earnings, and work toward owning their own vehicles while building a more sustainable livelihood.
