In an effort to promote the use of electric vehicles (EVs) in accordance with its energy transition objectives, Vietnam is aggressively pursuing subsidies for the cost of power at EV charging stations. As stated in a statement over the weekend, the government intends to submit this subsidy proposal to the central government for approval in the upcoming month.
The nation that is home to VinFast plans to achieve carbon neutrality by 2050, a goal consistent with that of economies that are farther developed. Vietnam now has more than 150,000 charging stations, most of which are run by VinFast.
With an emphasis on promoting the switch from internal combustion engines (ICE) to electric vehicles (EVs), the government recently declared its commitment to encouraging EV production and imports through a number of incentives. It was also noted that initiatives would be taken to guarantee that public EV charging stations are available in every urban location. By the end of August, the government also intends to create a single set of technical specifications for these stations.
Vietnam has demonstrated its commitment to environmental sustainability and contemporary transportation solutions by enacting legislation in the past to eliminate registration fees and reduce the special consumption tax on new electric vehicles.
