Grab Philippines has launched Southeast Asia’s largest green transport coalition, aiming to help ride-hailing drivers shift to electric and hybrid vehicles through more affordable and easier financing options.
The program, called the Eco-Drive Initiative, is designed to address two major issues affecting Transport Network Vehicle Service (TNVS) drivers: rising fuel costs that reduce their earnings and the need to replace aging vehicles. It offers faster approval and more favorable loan terms to help drivers switch to cleaner cars.
The initiative is open to all active driver-partners and is being expanded through partnerships with major banks, including BDO Unibank Inc. and Bank of the Philippine Islands, which are providing “green” auto loans with better terms than standard financing.
Several car manufacturers and dealers—including Toyota, BYD, GAC, Dongfeng, Omoda, Jaecoo, Autohub Group, and QSJ Motors Philippines, Inc—have also agreed to give exclusive discounts on selected electric and hybrid vehicles for Grab drivers.
Grab Philippines says it will connect drivers to financing and vehicle options based on their driving history and vehicle condition. It will also offer flexible repayment schemes, including daily payments through the Grab Driver Wallet or traditional monthly bank loans.
Company officials said the goal is to make it easier for drivers to switch to cleaner vehicles while protecting their income by lowering fuel and ownership costs. They added that high fuel prices and financing barriers have made it difficult for many drivers to upgrade without support.
