The Vietnamese government is considering subsidizing electricity costs for electric vehicle (EV) chargers as part of its efforts to promote electric cars. The proposal is part of a broader initiative that also includes potential incentives for EV production, imports, and scrappage programs.
According to a Reuters report, Vietnam currently has around 150,000 EV charging points, most of which are operated by the country’s leading EV manufacturer, VinFast. Earlier this year, VinFast’s founder, Pham Nhat Vuong, established a charging infrastructure company called V-Green, which aims to set up charging networks in key markets. However, these networks will primarily serve VinFast vehicles.
The possibility of subsidizing electricity for EV chargers was mentioned in a statement from the Vietnamese government, which emphasized the importance of making public EV chargers available in all urban areas. The government also plans to issue a unified set of technical standards for EV chargers by the end of August.
“Green energy transition is an essential and important task in the process of realizing green development objectives and in fulfilling Vietnamās international commitments,” the government said in the statement, highlighting its goal of becoming carbon neutral by 2050.
While specific details about the proposed subsidies and funding schemes have not yet been disclosed, government officials are expected to approve them by mid-September. The move is part of Vietnam’s broader strategy to encourage the adoption of electric vehicles and reduce the country’s carbon footprint.