The government announced over the weekend that the subsidy program would be submitted for approval to the central government next month, according to a statement.
Vietnam is actively pursuing subsidies for electricity costs at EV charging stations, aiming to boost the adoption of electric vehicles (EVs) in line with its energy transition goals. The government plans to submit this subsidy proposal to the central government for approval in the coming month, as announced in a statement over the weekend.
The country, which houses VinFast, is targeting carbon neutrality by 2050—a goal in line with those of more developed economies. Currently, Vietnam boasts over 150,000 charging ports, predominantly managed by VinFast.
In a recent statement, the government indicated its commitment to fostering EV production and imports through various incentives, with a focus on transitioning from internal combustion engines (ICE) to EVs. It was further mentioned that efforts would be made to ensure all urban areas are equipped with public EV charging facilities. The government also plans to establish a unified set of technical standards for these stations by the end of August.
Previously, Vietnam had introduced policies to waive registration fees and decrease the special consumption tax on new electric vehicles, reinforcing its dedication to environmental sustainability and modern transportation solutions.
