Electric vehicle manufacturers need to spend big money on developing infrastructure items, including parking lots, charging poles and electricity sources. But the standards and regulations for charging stations in Vietnam have not been set.

North America is a promising market, but it is not easy to be successful because there are many rivals there.

Prime Minister Pham Minh Chinh on November 25 attended a ceremony in the northern port city of Hai Phong to export the first batch of VinFast electronic vehicles (EVs) to the US.

For the Prime Minister’s draft decision on retail electricity pricing, the Vietnam Confederation of Commerce and Industry (VCCI) has proposed a pricing mechanism for electric vehicles (EVs).

While the lack of charging stations could be an obstacle for the use of electric vehicles, this will not be an issue for hybrid vehicles.

Large auto manufacturers have launched electric models in Vietnam, which indicates that replacing cars with electric vehicles will be a permanent trend.

Green and cleaner transport initiatives are being promoted in Vietnam, with more top brands hoping to offer the future of electric vehicles.

Experts say that Vietnam needs a strong foundation to shift from internal combustion engines to electric ones. Under the government’s roadmap, car prices will be decisive.

Experts believe that Vietnamese people have gradually opened their hearts to green cars.

Some Vietnamese businesses are pouring money and betting their careers in the automobile industry of the future – electric cars, following Elon Musk and William Li.

Vingroup owned by dollar billionaire Pham Nhat Vuong has designed an impressive business plan for this year with the focus on mega real estate projects and VinFast electric cars.

Rising oil prices could help speed climate action by accelerating the shift to electric vehicles, but in Vietnam that would depend much on the infrastructure.

After VinFast initiated its ‘blockbuster’ strategy on developing electric cars, a number of automobile manufacturers have imported electric cars to sell in the domestic market.

In Vietnam, the Government and National Assembly have issued preferential policies for electric vehicles.

VinFast billionaire Pham Nhat Vuong, Vingroup Chairman, plans to invest $6 billion in an electric vehicle factory in the US. 

A number of electric car manufacturers in Vietnam plan to launch electric vehicle models accompanied by preferential policies for users this year. Experts predict that 2022 will see a boom in the Vietnamese electric car market.

Vietnam’s plan to slash luxury tax and registration fees for electric cars is expected to push the development of the domestic electric vehicle market, which is currently at the starting line.

Three years of free registration fees shall be applied to electric cars purchased or acquired from March 1, 2022.

Vietnam’s electric automobile industry has started and many enterprises want to join the automobile production chain as they can see great opportunities.