Vietnam extends registration fee exemption for EVs until 2030

The new decree, which amends Decree No. 10, issued in 2022, governing registration fees, is scheduled to take effect on March 1, 2027 and will replace existing regulations on registration fees.

Vehicle classification will follow regulations issued by the minister of construction.

As per Decree No. 10, electric cars running on batteries were entitled to registration fee incentives for five years, including a full exemption for the first three years and a fee equal to 50 percent of the rate applied to gasoline-powered vehicles with the same seating capacity for the next two years.

In late February 2025, the government approved an extension of the zero-registration-fee policy through February 2027.

The latest decree further prolongs the maximum incentive period by more than three years compared with previous regulations.

The Ministry of Finance said that the preferential registration fee policy is intended to help reduce environmental pollution caused by vehicle emissions, encourage investment in EV manufacturing, strengthen supply capabilities, and stimulate consumer demand.

The registration fee exemption for battery electric vehicles has generated positive impacts on consumers, manufacturers, and distributors of electric vehicles, while also contributing to improvements in air quality, according to the ministry.