In a recent decree issued by the Government, the time period for a 100% exemption on registration fees for electric cars has been extended by two years, until February 28, 2027.
According to Decree 10/2022, electric cars running on batteries will enjoy registration fee incentives for five years, including a full exemption for the first three years and a 50% reduction for the following two years. This means that, until February 28, 2025, buyers of electric vehicles will no longer be exempt and will have to pay 50% of this fee. Meanwhile, hybrid vehicles do not receive the same incentive.
However, in the recently issued Decree 51/2025, which was signed into effect on March 1, the Government has agreed to extend the period of full registration fee exemption for battery-operated electric cars by two more years, until February 28, 2027.
According to the Ministry of Finance, the 0% registration fee rate for electric cars running on batteries, which has been in effect for almost three years, has fundamentally contributed to improving air quality and protecting the environment.
On the other hand, extending the registration fee exemption for electric cars by two years could result in a budget revenue loss of approximately VND 4.8 trillion per year. Over the past three years, the budget revenue loss due to registration fee exemptions for electric cars amounted to nearly VND 8.42 trillion. This is because the number of battery-operated electric cars has been increasing rapidly, from an average of over 400 cars registered for registration fees in 2022 to more than 6,600 cars in 2024.
The registration fee is one of the many ownership costs that must be paid to get a vehicle on the road. Offering incentives on this fee for electric cars is one way to contribute to the development of the market, the electric car industry, and the auxiliary industries, creating jobs, increasing income for workers, and promoting economic growth.
TT (Tuoitrethudo)
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