Will Vietnam subsidise EV charging stations?

REUTERS/Cole Burston Purchase Licensing Rights HANOI, Aug 12 (Reuters) - Vietnam is planning to subsidise electricity prices for electric vehicle (EV) charging stations, as part of its efforts to promote the use of EVs and meet its energy transition commitments.

How to develop electricity charging networks in Vietnam?

To develop electricity charging networks in Vietnam, planning, regulations on safety, and electricity supply sources must be considered. Vo Quang Lam, Deputy General Director of the Electricity of Vietnam (EVN), stated that the development of electricity charging stations, particularly rapid charging ones, will significantly increase additional charges on the national grid.

How many EV charging ports are there in Vietnam?

The country currently has just over 150,000 EV charging ports, most of which are owned and operated by VinFast. "Green energy transition is an essential and important task in the process of realising green development objectives and in fulfilling Vietnam's international commitments," the government said in the statement.

Does Vietnam have EV charging systems?

The statement said Vietnam will ensure all urban areas have public EV charging systems, adding that a unified set of technical standards for these stations is to be issued by the end of this month. The country earlier rolled out policies to exempt registration fees and cut special consumption tax for new EVs.

Should Vietnam invest in EV charging infrastructure?

Likewise, Thang also proposed incentives such as low-interest loans and grace periods to mitigate risks and attract more investment in charging infrastructure. Vietnam’s underdeveloped charging network remains a major bottleneck in the country’s EV journey. Experts suggested government agencies, automakers, and investors share the responsibilities.

Is Vietnam a bottleneck in EV charging?

Vietnam’s underdeveloped charging network remains a major bottleneck in the country’s EV journey. Experts suggested government agencies, automakers, and investors share the responsibilities. Beyond policy and planning, manufacturers must also innovate to make EV charging more convenient, efficient, and standardised nationwide./.