Green GSM has launched its EV rental program for TNVS in the Philippines, built around its “5 Ready” commitment.
Their “5 Ready” commitment are a set of core pillars which aims to support Transport Network Vehicle Services (TNVS) and electric vehicle (EV) drivers here in the Philippines. The “5 Ready” are Vehicle Ready, Platform Ready, Energy Ready, Earnings Ready, and Support Ready. The program assists drivers in transitioning to electric vehicles, facilitates connections with passengers, and aims to stabilize earnings against variable fuel prices.
Fuel Prices Squeeze TNVS Earnings
Continued fluctuations in fuel prices are challenging TNVS drivers in the Philippines to manage their earnings. From October 6 – 12, 2026, gasoline prices increased by up to ₱1.93 per liter in Metro Manila, with prices ranging from ₱89 to ₱100, while diesel prices decreased by ₱1.30 but remained high at around ₱94 per liter. These changes directly influence the net earnings of TNVS drivers after their daily work.
Electric vehicles (EVs) provide TNVS drivers with a method to reduce operating costs due to lower energy expenses compared to gasoline vehicles. Nonetheless, drivers still face challenges with upfront costs, charging access, and evaluating earning potential when contemplating a switch to EVs.
The rental program provides access to VinFast EVs for drivers without significant upfront costs. It features three models tailored for ride-hailing on the Green GSM platform: the VinFast VF 5, Herio Green, and Limo Green. The program begins with an entry cost of ₱5,000 and daily rates from ₱1,040. After five years, drivers can own the vehicle, aiding long-term planning.
Each vehicle model addresses specific needs: the VF 5 and Herio Green are designed for five passengers, ideal for everyday use, whereas the seven-seater Limo Green provides additional space. All models are optimized for ride-hailing, with operating costs projected to be up to 30% lower than similar gasoline vehicles over a five-year period and 3,000 kilometers driven monthly.
This approach assists drivers contemplating a vehicle switch without significant initial financial pressure. Seasoned TNVS drivers can reduce operating costs by transitioning to an EV, while licensed drivers lacking a personal vehicle have a new entry point into driving.
What the “5 Ready” Commitment Covers
Vehicle access is a key component of Green GSM’s commitment to its driver partners. This includes a rental program for connecting with passengers via the platform, access to the V-Green charging network, and free charging until March 31, 2029, under certain terms and conditions.
Vehicle access (Vehicle Ready) forms a fundamental component of Green GSM’s “5 Ready” initiative aimed at supporting its driver partners. This rental program enables drivers to connect with passengers via the Green GSM platform, categorized as Platform Ready. Additionally, drivers gain access to the V-Green charging network, which offers free charging services until March 31, 2029, contingent upon specific terms and conditions (Energy Ready).
In the context of earnings (Earnings Ready), the program presents a revenue-sharing rate reaching up to 90%, allowing for potential monthly earnings of as much as ₱90,000, contingent upon operational performance and specific conditions. Green GSM additionally facilitates drivers during the onboarding phase, offering assistance with necessary documentation, registrations, permits, and insurance, along with training to ensure a smoother initiation into the program (Support Ready).
TNVS drivers can safeguard their earnings from fluctuating fuel prices through a rental program while aiming for vehicle ownership.