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Vietnam to accelerate drive into EV era

18 Aug 2023 05:24pm
Image for illustrative purposes only. – FILE PIX
Image for illustrative purposes only. – FILE PIX

HANOI - With the commencement of the electric vehicle (EV) era, a large number of charging stations are likely to be installed, forming a new and promising business sector for Vietnam, reported VNA.

According to an action plan on green transition, carbon and methane emission that was approved in July, all new buses in Vietnam must be EVs or those using green fuels from 2025. By 2030, all new taxis must be run by electricity or green fuels. In 2050, all road vehicles should be powered by electricity or green energy.

Nguyen Minh Dong, the director of Duc Viet Technology Consulting Company, said cars running on gasoline or oil will gradually be replaced by EVs from 2025. It is forecast that after 2025, EVs will see a rapid growth and an increasing popularity.

From 2023, businesses have accelerated the development of EVs in the Vietnamese market. TMT has introduced a mini EV model called Wuling HongGuang, while Hyundai Thanh Cong has launched Ioniq 5, and VinFast has launched VF3, VF6 and VF7, all manufactured and assembled in Vietnam.

In the near future, the automobile market will be bustling as many pure EV models are expected to be introduced. - BERNAMA-VNA

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