A report from the Ministry of Public Works and Transport showed that as many as 6,174 new EVs were registered in the Southeast Asian country during the first half of this year, bringing the total number of officially registered EVs to 15,239.
The company is on track to achieve its target of 35 dealerships nationwide by the end of 2025, strengthening its presence in India.
The roadmap to restrict the use of petrol-powered vehicles and encourage green ones in such major cities as Hanoi and Ho Chi Minh City is creating a strong boost to the EV market.
Specifically, on March 1, the Government issued Decree No. 51/2025/ND-CP amending and supplementing certain provisions of Decree No. 10/2022/ND-CP dated January 15, 2022 regulating registration fees. The new decree clearly states that BEVs will continue to be exempt from 100% of the first-time registration fees from March 1, 2025, to February 28, 2027.
The electric vehicle (EV) market in Vietnam is experiencing rapid growth and it’s poised to become a leader in Southeast Asia, according to industry insiders.
