To accelerate the adoption of electric vehicles and assist its energy transformation goals, the Vietnamese government plans to introduce electricity price subsidies at EV charging stations. The subsidy plan, which is anticipated to be submitted for approval by mid-September, is part of Vietnam’s overall strategy to become carbon neutral by 2050.
Vietnam, home to rising EV manufacturer VinFast, now has slightly more than 150,000 EV charging points, the majority of which are operated by VinFast. The government intends to develop and diversify this network to make EV charging more economical and accessible.
The green energy transition is crucial to Vietnam’s development, as the government emphasises the need to satisfy international commitments. Along with the proposed subsidies, a comprehensive incentive package is being prepared to support the EV industry, with a focus on production, imports, and consumer adoption. These incentives are intended to encourage the transition from traditional vehicles to electric alternatives.
To provide widespread access to EV charging infrastructure, the government intends to install public charging stations in all urban areas and uniform technical standards by the end of the month.
