Vietnam desires to expand attempts to boost the use of EVs in order to attain its pledges regarding the energy transition. To that end, it is pointing to give allowances on power rates for EV charging stations.
The administration declared that the subsidy proposal would be presented to the federal government for approval the following month in a statement that was made public over the weekend.
Vietnam, the home country of VinFast, aspires to be carbon neutral by 2050, just like other industrialized nations.
Presently, Vietnam has a little over 150,000 charging stations, the majority of which are overseen and operated by VinFast.
In a statement, the government said it will accelerate the switch from internal combustion engines (ICE) to electric vehicles (EVs) and work on incentives for EV manufacturing and imports. It went on to say that the nation will make sure that public EV charging infrastructure was available in all urban areas and that by the end of August, a single set of technical specifications for the stations would be released.
Vietnam had already implemented laws exempting new electric car registration fees and lowering the special consumption tax.
