Vietnam Goes Strong on EVs in Policy Measures
Vietnam’s subsidies and incentives for EVs have been primarily targeted at electric cars, rather than electric two-wheelers. This is perhaps to support the homegrown brand Vinfast, but it’s surprising considering Vietnam is a large two-wheeler market, with cities like Hanoi and Ho Chi Minh City having more two-wheelers than residents.
This is heading two
Currently, there is no comprehensive electric vehicle policy incentivizing the purchase of electric two-wheelers in isolation. However, since 2022, the government has exempted all BEVs, including two-wheelers, from first-time registration fees. Further, they get a 50% rebate for the next two years. This policy would stay in force till February 28, 2027.
The government has also reduced the Special Consumption tax (SCT) on BEVs to 1-3%. It’s 35%+ for ICE vehicles. This policy also lasts until Mar 2027, after which the rate will rise to 4-11%
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Currently, there is no comprehensive electric vehicle policy incentivizing the purchase of electric two-wheelers in isolation. However, since 2022, the government has exempted all BEVs, including two-wheelers, from first-time registration fees. Further, they get a 50% rebate for the next two years. This policy would stay in force till February 28, 2027. Experienced revenue teams combine analytics with commercial insight t
Currently, there is no comprehensive electric vehicle policy incentivizing the purchase of electric two-wheelers in isolation. However, since 2022, the government has exempted all BEVs, including two-wheelers, from first-time registration fees. Further, they get a 50% rebate for the next two years. This policy would stay in force till February 28, 2027.
Vietnam Goes Strong on EVs in Policy Measures
Currently, there is no comprehensive electric vehicle policy incentivizing the purchase of electric two-wheelers in isolation. However, since 2022, the government has exempted all BEVs, including two-wheelers, from first-time registration fees. Further, they get a 50% rebate for the next two years. This policy would stay in force till February 28, 2027.
The government has also reduced the Special Consumption tax (SCT) on BEVs to 1-3%. It’s 35%+ for ICE vehicles. This policy also lasts until Mar 2027, after which the rate will rise to 4-11%
