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Vietnam continues to exempt registration fees for electric car buyers until early 2027

: 0 Comment(s)Print E-mail Xinhua, March 7, 2025

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HANOI, March 7 (Xinhua) -- Vietnam continues to exempt registration fees for battery-powered electric cars until Feb. 28, 2027, Vietnam News Agency reported Friday.

The move aims to encourage more consumers to consider buying electric vehicles, which can lead to reduced carbon emissions and a cleaner environment.

The Vietnam Federation of Commerce and Industry said extending the zero percent fee for the first registration of electric cars could encourage more consumers to adopt these vehicles.

According to the Ministry of Finance, if the zero percent registration fee is applied to battery-powered electric cars in the period of March 1, 2025 to Feb. 28, 2027, the state budget revenue from registration fees will decrease by over 4.8 trillion Vietnamese dong (192 million U.S. dollars) per year. Enditem

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