Many countries are very powerful to support electric cars
Sharing the policy of developing electric vehicles, Dr. Le Xuan Nghia, member of the National Financial and Monetary Advisory Council, Director of Carbon Financial Development Advisory Institute (Code) said that currently there is existing Three types of electric vehicle support.
One is the mechanism for the manufacturer, the other is the mechanism for charging stations and the third is the mechanism for consumers.
First, about the manufacturer, to encourage production, Thailand reduced the entire import tax of cars for the car company committed to opening an assembly and manufactured factory in Thailand. Thailand financed import taxes from 80% to 40%, while reducing special consumption tax for electric vehicles from 8% to 2%. Dr. Le Xuan Nghia said that these are policies that Vietnam can refer to.
Dr. Le Xuan Nghia added that, Vietnam does not have a specific policy on land for electric car charging stations, whether it is public station, in an apartment building or on the highway. Meanwhile, many countries have supported policies, even sponsoring to build fast charging stations on highways, charging stations at old apartments to ensure fire safety, creating peace of mind for the manufacturer. and consumers.
Regarding financial policies, some countries such as China and Thailand support buyers with electric vehicles of about 100 million VND/vehicle, while the US has higher funding levels. These countries also offer preferential loans to buy electric vehicles with higher limits than gasoline cars. In Vietnam, electric vehicle buyers are only allowed to borrow up to 70% of the vehicle's value, while gasoline vehicles are allowed to borrow 80 - 85% because the bank considers gasoline vehicles safer and have higher guarantee value.
Buy electric cars is no longer free registration
On March 1, 2025, electric cars running batteries will no longer be exempted from registration fees.
Point c, Clause 5, Article 8 of Decree 10/2022/ND-CP stipulates the registration fee for battery-powered electric cars as follows:
Within 3 years from the effective date of Decree 10/2022/ND-CP (from March 1, 2022): the first registration fee payment is 0%.
In the next 2 years: Pay the first registration fee with a fee equal to 50% of the fee for cars running gasoline and oil with the same seating number.
Thus, starting from March 1, 2025, the first registered electric car in Vietnam will no longer receive the registration fee of 0% as before, but must pay the fee equal to 50% of the fee for gasoline and oil cars with the same number of seats.
Sharing with workers many people are disappointed. Mr. Ta Van Hoa, a house in Tay Ho District, Hanoi, shared, he and his wife have prepared money to buy a car.
After careful consideration, he and his wife bought electric cars due to reasonable costs, limiting smells and discharge smoke. However, recently, Mr. Hoa and his wife are quite worried when buying electric cars will not enjoy the registration fee.
"My wife and I were quite disappointed when we heard that electric vehicles would not be exempted from registration fees. If we buy it right away, we still haven't prepared enough. After waiting for the next month, the car purchase amount also increased significantly", Mr. Ta Van Hoa confided.
From the perspective of the seller, Mr. Tran Son, a car showroom in Cau Giay, Hanoi, said that recently, customers who buy electric cars more and more. One of the causes of this trend is that the electric vehicle is free of charge. Therefore, if electric cars are no longer free registration, it will greatly affect consumer psychology.
