The Ministry of Transport of Vietnam (MOT) proposed to provide a $1,000 incentive to people purchasing electric vehicles (EVs) in order to promote a shift in consumption patterns from gasoline and diesel vehicles to EVs.
Currently, the types of preferential development include battery-powered EVs, fuel cell EVs, and solar vehicles.
Regarding the preferential system for users, the MOT proposes to waive or subtract registration fees and license fees for EVs; promote credit access and directly subsidize buyers; give priority to the development of EVs participating in the transportation business and give priority to the conversion of EVs of transport companies, offering preferential loans and higher subsidies for electric buses.
