Vietnamese automaker VinFast is pulling a late demand lever in 2024 to entice US customers to get behind the wheel of its VF 8 SUV. Designed for SUV-loving families in the US, the VinFast VF 8 is now available to lease for well under $300 a month with $0 down.
The VF 8 is VinFast’s ($VFS) flagship EV, hitting the US market two years ago as a 2023 model. We drove the VF 8 early on, and it was fine, but there were some clear bugs that needed to be sorted out. We noted that 2024 would be a pivotal year for the Vietnamese automaker looking to raise revenues and make up for missed delivery targets in 2023.
Although it faced early software hiccups, VinFast pushed forward to get more of its VF 8 SUVs on US roads, pulling demand levers while expanding its stateside dealer network. Today, VinFast has announced an enticing new lease program for the VF 8 that requires $0 down at signing.
Source: VinFast.com
VinFast is offering a VF 8 lease for $279/month
VinFast published a press release today that is more of a love letter to its flagship VF 8 SUV, which includes a little tidbit about a new lease deal. Once you get through the paragraphs of the Vietnamese automaker shilling its innovation and nod to its spot on TIME’s 2024 list of influential companies, there’s a juicy little bonus for any customers interested in a super cheap EV lease from a relatively unknown and unproven automaker.
VinFast hailed its new VF 8 lease offer as one of the most competitive in the US, and that’s hard to argue. Right now, you can lease a base-level ECO trim of the SUV for $0 down and $279 a month thereafter. The VinFast VF 8 lease term is 24 months and includes 10,000 miles a year.
Note that VinFast does not have showrooms in all 50 states yet, so if interested, it’s best to see if the VF 8 and subsequent lease are even possible in your area. What do you think? Would you test out a VF 8 for two years and save some green?
Electrek’s take
The value of this lease offer for a VF 8 from VinFast can’t be denied, but it’s still a tough sell for a number of reasons. As someone who has driven the VF 8, I think it’s more than adequate and can do the job for many people, especially those new to EVs who don’t have anything to compare it to.
My first ride was far too early on in the development process, and there were too many issues for me to forget, so I’d personally pass on this offer. However, VinFast has done a lot of work to resolve those software issues for other consumers.
I still think the biggest hurdle here is brand awareness. The average US consumer has no idea VinFast exists and is not seeking out more information on it to perhaps stumble upon this VF 8 lease deal. It’s a steal for those who are aware of the brand and feel comfortable committing to two years of driving one, but that feels like a niche segment in an already small market sample.
I also think this demand lever shows evidence that VinFast is not making the impact on the US market it had hoped with the VF 8. I’ll be interested to see where their 2024 financials land and how those compare to a year ago, when deliveries were lower than expected. We will keep an eye on that and report back.
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The Candela P-12 is the first hydrofoil electric ferry in the world to begin commercial operations. The 30-seat electric ferry uses a set of computer-controlled hydrofoil wings to fly above the surface of the water, resulting in a smoother and more efficient ride. But what happens when the seas get rough?
Most of the time, we see slickly edited marketing videos of hydrofoil electric boats smoothly soaring above relatively calm water. It’s an awesome visual, watching the blade-like struts that support the boat’s hydrofoils leave mere ripples on the glassy surface of the water. But it also begs the question, “What happens on anything other than a calm sailing day?”
In a recently shared video, we get a chance to see exactly what it looks like when one of those boats encounters significantly less friendly water in the Baltic Sea.
You know, the kind that would make stomachs like mine offer a refund on their lunch.
A Candela P-12 electric ferry operating in Nynäshamn, Sweden was recently filmed operating in 50 km/h (31 mph) wind that whipped up the choppy water and resulted in swells as high as 2 meters (6.5 feet).
A film team on the accompanying RIB (rigid inflatable boat) could be seen getting bounced around while the Candela P-12 ferry maintained its smooth flight over the chop and swells.
“It was such a smooth ride,” remarked one of the passengers on the ferry. “It’s actually quite nice because before we started foiling, you could really feel the waves. And then once we started going up on the foils it all disappears. And then I looked out and I can see the rib was just bouncing up and down meanwhile inside of our boat it’s smooth. It’s quite a unique experience.”
This electric ferry, named NOVA, has been operating since late 2024 when it took its maiden voyage on a route from Tappström in Sweden. There it reached its destination at Stockholm City Hall, a distance of around 15 km (9 mile), in just 30 minutes. That’s around half the time it normally takes to cover the same route by car or public transit.
Electric ferries like these are now enabling much quicker and more cost-effective commutes in areas with convenient waterways, helping to reduce both emissions and travel time for the public. With fast charging capabilities, the boats can quickly recharge while at each harbor, ensuring all-day operations. With the use of hydrofoils compared to traditional displacement ferries, the boats use significantly less energy and result in a much more comfortable ride for passengers.
Having personally piloted multiple Candela hydrofoil boats myself, I can attest firsthand to the impressive performance.
While on a trip to Stockholm, the company let me get an early test ride and take out their C-8 electric speedboat while it was still in its final stages of production. It didn’t have all of its luxury gear installed yet, but the flight system was working in true form, allowing me to slice across the wake left by cruise ships coming into port.
You can check out that experience in my video below.
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Trump’s Federal Highway Administration (FHWA) has issued a memo ordering states to suspend all state EV infrastructure deployment plans under the National Electric Vehicle Infrastructure (NEVI) Formula Program.
Trump’s FHWA orders NEVI suspension
The $5 billion NEVI program is the big rollout of EV charging infrastructure across the US that was funded by the Biden administration’s Infrastructure Act, and it’s already well underway.
Under the NEVI program, states have to send their plans to the FHWA annually, detailing how they’ll use the funds. During the Biden administration, the FHWA signed off on the first four out of five fiscal years of plans through 2025. However, not all of it has been “obligated” to EV infrastructure projects.
Trump’s FHWA has told states in this memo that they can’t commit funds that were already approved to new EV charging infrastructure. However, money that was already committed is not affected.
The memo reads:
Therefore, effective immediately, no new obligations may occur under the NEVI Formula Program until the updated final NEVI Formula Program Guidance is issued and new State plans are submitted and approved. Instructions for the submission of new State plans for all fiscal years will be included in the updated final NEVI Formula Program Guidance. Since FHWA is suspending the existing State plans, States will be held harmless for not implementing their existing plans. Until new guidance is issued, reimbursement of existing obligations will be allowed in order to not disrupt current financial commitments.
Electrek’s Take
I asked Loren McDonald, chief analyst at Paren, what his thoughts were on this latest cancellation, and he, among others (myself included), doesn’t think the FHWA has the authority to stop the NEVI program with a memo – it would need a change in law from Congress – and then the courts will settle it. (Who else is beginning to see a Trump administration theme here?) McDonald said:
I don’t believe FHWA has the authority to pause or rescind any aspect of NEVI. The Trump administration is clearly trying to stop or pause programs like NEVI for as long as they can, but I assume lawsuits from states will start soon, and this will go to court and Congress … but the Trump admin will succeed in just causing havoc and slowing things down for a while. In the end, the Trump administration will likely fail, as only Congress can fundamentally revise and stop the NEVI program.
But, as with everything else rolled back the last few weeks, this will cause chaos and delays. This will cause serious damage to businesses nationwide – from EV charging companies (including Tesla, one of the largest NEVI recipients) to convenience stores and other host sites – and will waste money and cost people jobs.
It should also be noted that NEVI is the very reason that the NACS charging standard exists in the first place.
NEVI was limited only to chargers that could serve multiple makes of vehicles – a reasonable step, that government wouldn’t want to do a giveaway to a single, proprietary company. This is what caused Tesla to release NACS as a standard in the first place, so that its chargers could access NEVI money.
Then, when the entire industry switched over to the NACS standard, that signaled a potential long period of leadership in EV charging for Tesla. The company could have been the primary energy provider for EVs in North America for years or even decades to come as a result.
Now, an administration that Elon Musk is involved in is killing the very program that could have led to his company’s dominance in energy delivery – after also firing the entire team that was responsible for making the NACS standard in the first place.
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The ChargeX Consortium has figured out how to automatically restart failed EV charging sessions at fast chargers so drivers don’t have to.
Every EV driver has been there. You plug in, walk away to grab food or run errands, and expect your battery to be juicing up at a DC fast charger, only to return and realize nothing happened. Maybe the session failed, or maybe the charger glitched. Either way, you’re stuck unplugging, plugging back in, and now it’s going to take twice as long to charge.
The ChargeX Consortium (National Charging Experience Consortium), which is made up of researchers from the National Renewable Energy Laboratory (NREL), Idaho National Laboratory (INL), and Argonne National Laboratory (ANL), along with industry stakeholders, has come up with a smart fix for one of the most frustrating parts of public EV charging: failed sessions.
Its new report highlights the benefits of what it calls “seamless retry” – a hands-free tech solution that automatically restarts failed charging attempts. In other words, the driver no longer needs to physically unplug and replug the charging connector when a charging session fails.
The consortium’s new tech is designed specifically for DC fast charging. The “novel mechanism” automatically resets both the EV and the charger, then restarts the session in the background, so drivers don’t have to return to the car – or even have to think about it.
Ed Watt, a researcher at NREL and lead author of the “Recommended Practice Seamless Retry for Electric Vehicle Charging” report, said, “With a seamless retry mechanism in place, an EV driver at a retail center can plug in a charging connector, provide user input data, leave to shop, and feel confident that they will return to a charged vehicle.” (Click on the report link to see the specifics of how the novel mechanism works.)
The researchers didn’t just focus on the perks of seamless retry – they also looked at potential downsides. One concern was the extra time it might take for the system to restart a failed session, which could leave drivers frustrated. To tackle that, the consortium suggests that the EV industry provide transparency in the form of real-time status updates, insights into what went wrong, and recommendations based on the type of charging failure and number of attempts made.
Going forward, as the user experience becomes clearer, more work will fine-tune seamless retry. The ChargeX Consortium will keep refining the system – developing smarter, more targeted retry methods, ironing out implementation details, and running verification tests to make sure everything works seamlessly in the real world.
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