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Vietnam electric vehicle registration exemption to end March 1

A freeze on registration fees for electric vehicles in Vietnam is set to come to an end at the end of the month. It will, however, be replaced with a 50 percent reduction in registration fees for electric vehicles for the next two years. 

Dan Tri is pointing that registration fees after March 1 will be between 5-6 percent. It notes that mini electric SUV’s from VinFast, among the cheapest electric vehicles on the market selling for about VND 300 million, based on these numbers, will attract a registration fee of about VND 15 million.

VN Economy is quoting ‘experts’ as suggesting this could lead to a spike in electric car sales in February as consumers try to get in before the registration fee exemption ends.

Voice of America has also taken the VinFast angle. It says that news of the pending end to the registration fee exemption has seen VinFast stock on the NasDaq fall (though correlation does not always necessarily mean causation).

See also: Automotive Industry in Vietnam

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