VinFast’s Certified Pre-Owned Program Boosts Confidence in Canada’s…

Event summary

VinFast launched a Certified Pre-Owned (CPO) program in Canada, transferring unused portions of original 10-year/200,000-km warranties to used EV buyers.
Used EVs in Canada sold in a median of 23 days in July 2026, six days faster than gasoline vehicles, per Clutch.
EVs cost 14-18% as much to fuel as gasoline counterparts annually, per Rates.ca.
Average battery degradation for EVs is 1.8% annually, with estimated lifespan of 18.4 years, per Geotab and Nature Energy.
Repair cost gap between EVs and ICE vehicles narrowed to $1,234 in Q2 2026, per Mitchell.

The big picture

VinFast’s move comes as Canada’s used EV market matures, with faster sales velocity and narrowing cost gaps versus gasoline vehicles. The CPO program addresses key barriers—warranty transferability and vehicle trust—while positioning VinFast to capture market share as affordability concerns drive used-car demand. This trend reflects broader industry shifts toward electrification and the need for standardized used-EV certification programs.

What we're watching

Market Adoption: Whether VinFast’s CPO program can accelerate used EV adoption in Canada by addressing warranty and reliability concerns.
Cost Parity: The pace at which total cost of ownership for used EVs converges with gasoline vehicles as battery and repair costs normalize.
Industry Standards: How other automakers may respond with similar CPO programs to compete in the growing used EV market.