Vietnamese electric taxi company Xanh SM operates a fleet exclusively using VinFast electric vehicles. (Photo: Xanh SM)
Vietnam will remove its exemption from registration fees for electric vehicles (EVs) in March. EV owners will be required to pay a registration fee based on the number of seats, which will be 50% of the fee for regular gasoline vehicles. Analysts predict that this move will increase the price of EVs and potentially affect market demand.
EV owner to pay registration fees in Vietnam
According to the Vietnamese government, the registration fee for EVs will vary depending on the location of purchase, ranging from 5% to 6% of the vehicle's listed price.
