Expecting more interest rate incentives to accelerate green transformation

thạch lam |

Transport businesses believe that green credit packages with preferential interest rates and longer loan terms will be an important driving force to promote the transition to electric vehicles and develop sustainable green transportation.

Taxi businesses recover growth thanks to green transformation

In the context that the trend of developing green transportation is becoming an inevitable requirement to reduce emissions and protect the environment, many businesses have begun to identify switching to green vehicles not only as a long-term business strategy but also as the responsibility of businesses to the community and society.

Talking to Lao Dong Newspaper, Ms. Nguyen Thi Thanh Thuy - Director of Long Bien Taxi - said that due to the competition of many ride-hailing applications and the trend of tightening spending, the number of customers of the company once decreased by about 30 - 40%. When electric vehicles appeared, businesses researched and boldly put electric vehicles into actual operation. "The results show that the service quickly received positive reception from customers and people. Since switching to using electric vehicles, our number of customers has grown back to 100%" - Ms. Thuy said.

According to Ms. Nguyen Thi Thanh Thuy, to invest in electric vehicles, businesses have about 20% of their own capital, and about 80% is borrowed from banks. Previously, access to loans was also quite difficult because many banks were still hesitant. However, now that the Government has a policy to promote green transformation, many banks are also starting to participate in lending support more.

With the determination to transition to green according to the general trend and also thanks to the support policies from the Government, so far we have converted about 230 electric vehicles out of a total of 500 vehicles of the company" - Ms. Thuy said.

To promote the transition to green transportation faster and more effectively, Ms. Nguyen Thi Thanh Thuy hopes that the Government will continue to have more practical support mechanisms for transport businesses to switch to electric vehicles.

I expect more green credit support policies such as preferential loan interest rates, extending loan terms or building appropriate credit packages specifically for businesses investing in green vehicles. In addition, we hope the Government will continue to maintain and expand preferential policies on taxes and fees for electric vehicles such as registration fees, inspection fees or support policies related to charging station infrastructure investment. In particular, it is necessary to continue to synchronously plan and develop public charging station systems in areas with high transport density. Convenient charging infrastructure will help businesses optimize operation and improve the efficiency of utilizing electric vehicles" - Ms. Thuy suggested.

People are increasingly interested in green traffic

Besides the strong transformation from businesses, the trend of using green transportation has also become a choice that many people are interested in. Mr. Pham Viet Trung - Deputy CEO of HBM Vietnam Joint Stock Company, investor of VinFast Thu Anh electric motorbike system, said that people's awareness of electric vehicles has changed a lot compared to before.

Support policies from the Government and State agencies in the past time have created great favorable conditions for businesses as well as people. For example, policies related to registration fees and license plate fees have been adjusted in the direction of supporting people to save costs when switching to electric vehicles" - Mr. Trung assessed.

Besides strategic orientation, there needs to be synchronous involvement from communication work to practical support policies to create motivation for people to change their vehicle use habits.

In addition to policy factors, Mr. Trung believes that the infrastructure serving electric vehicles also needs to be further improved. The development of charging stations and battery exchange points in residential areas, apartments or public areas will create convenience for people in the process of use, thereby contributing to promoting the green transportation trend to develop more strongly in the coming time.

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