HCMC – The Government has issued a decree exempting the buyers of electric vehicles from registration fees for three years starting from March 1 to promote the consumption of electric cars in the local market and develop the environmentally-friendly vehicle segment.
In the next two years, the registration fee for electric cars will be half that of fuel-run vehicles with the same number of seats, according to the decree.
Besides, fuel-powered cars with fewer than nine seats are subject to a registration fee of 10% of their value, according to the decree issued on January 15.
The buyers of under-five-seat pickup trucks and vans with a load of less than 950 kilograms must pay a registration fee at 60% of that for under-nine-seat cars.
The decree also regulates that the registration fee for motorcycles is 2%. As for the purchase of motorbikes in cities and towns, the registration fee is 5% of their value.
Meanwhile, the registration fee for locally-assembled or manufactured cars continue to be halved until the end of May.
The decree will take effect from March 1, the local media reported.