HCMC – The Government has issued Decree 202/2026, amending and supplementing regulations on registration fees, under which electric vehicles will continue to be exempt from first-time registration fees through the end of 2030.
The decree, which takes effect on March 1, 2027, will replace Decree 51/2025. Battery electric vehicles have enjoyed a full exemption from first-time registration fees since March 1, 2022, under the current policy, according to the Government news portal.
After the initial exemption period, electric vehicles were subject to a registration fee equivalent to 50% of that imposed on gasoline and diesel vehicles with the same seating capacity for the following two years. In February 2025, the Government issued Decree 51/2025, extending the full exemption on first-time registration fees for electric vehicles through February 2027.
The Ministry of Finance said the 0% registration fee policy has largely achieved its intended objectives.
The policy has not only encouraged consumers to switch to electric vehicles but has also helped manufacturers, assemblers and distributors expand their presence in the market.
The growing number of electric vehicles on the road has also contributed to reducing emissions and supporting the country’s transition toward greener transportation, the ministry said.
The global electric vehicle market has been expanding rapidly. Worldwide EV sales surpassed 17 million units in 2024, accounting for more than 20% of total vehicle sales.
Sales are forecast to exceed 20 million units in 2025, giving electric vehicles a market share of more than 25%. As the market grows, countries around the world are also investing in and expanding EV infrastructure, including public charging networks.
As countries seek to reduce their reliance on fossil fuels, many have introduced tax breaks and fee incentives to encourage the adoption of environmentally friendly vehicles.
The extension of the first-time registration fee exemption for electric vehicles through 2030 is expected to lower vehicle ownership costs, support the development of the domestic EV industry and accelerate the transition to greener transportation, according to the Ministry of Finance.
