The Vietnam Chamber of Commerce and Industry (VCCI) believes that maintaining the 0% registration fee for electric cars offers numerous benefits.
Proposal to extend preferential registration fee for electric vehicles
VCCI has provided feedback on the draft decree amending and supplementing a number of articles of Decree No. 10/2022/NĐ-CP on registration fees.
Applying a 0% registration fee for electric cars is in line with green transition policies and efforts to reduce environmental pollution.
Electric cars powered by batteries do not rely on fossil fuels, emit no CO₂, and cause no air pollution. They help mitigate the greenhouse effect, thereby protecting the environment.
“Extending the 0% registration fee for electric cars will encourage consumers to adopt electric vehicles, shift consumption patterns, and contribute to a greener transportation sector,” VCCI stated. “This policy also stimulates and facilitates investment in the production and assembly of electric vehicles, promoting market expansion and increased manufacturing.”
This registration fee structure aligns with policies promoting a green transition and reducing environmental pollution, including the shift towards green energy directed by the State, such as Resolution 158/2024/QH15 dated December 10, 2024, of the National Assembly, and Decision 876/QĐ-TTg dated July 22, 2022, by the Prime Minister, approving the action program on energy transition. It also aligns with policies reducing taxes on electric vehicles, such as the reduction of special consumption tax on battery-electric vehicles from March 1, 2022, to February 28, 2027, to 3%, 2%, and 1% (compared to the previous rates of 15%, 10%, and 5%).
Moreover, this approach is consistent with international practices, as many countries have implemented similar policies.
According to VCCI, while reducing registration fees for electric vehicles may result in a decrease in state budget revenue, the positive and long-term impacts of electric vehicle usage on the economy and society are significant.
Supporting this assertion, VCCI cites a research report by the National Economics University, which reveals that air pollution in Vietnam not only adversely affects people’s health but also inflicts economic losses amounting to tens of billions of US dollars, equivalent to approximately 5% of the country’s GDP.
Promoting the use of electric cars will contribute to reducing air and environmental pollution, thereby alleviating the burden on social healthcare.
Therefore, VCCI expresses support for the proposal of the drafting agency to maintain the 0% registration fee for electric cars until February 28, 2027.
V.Hang (ANTĐ)
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