Hanoi is planning to offer a subsidy of up to VND5 million (US$190) to residents who replace gasoline motorbikes with electric models, according to a proposal to be voted on by the city council this week.
The incentive applies to permanent residents and those who have lived in the city for at least two years. Buyers of electric motorbikes priced at VND10 million (US$379) or more would receive a 20 percent subsidy, capped at VND5 million.
Support is higher for low income groups: up to VND20 million for poor households and VND15 million for near poor households. Each person may receive support for one vehicle until Jan. 1, 2031.
The proposed subsidy is significantly higher than the Department of Construction’s earlier recommendation in July, which capped support at VND3 million.
Hanoi also plans to reduce registration and number plate fees by 50 percent for residents switching to clean energy motorbikes. Buyers using installment plans would receive a 30 percent subsidy on loan interest for 12 months. Transport operators such as bus and taxi companies would receive full fee subsidies when transitioning to electric vehicles.
The city intends to require apartment complexes, commercial buildings, hospitals, and other public facilities to convert at least 15 percent of parking spaces into electric charging points. New buildings must allocate at least 30 percent.
Hanoi will begin banning gasoline motorbikes from downtown areas in July 2026 and plans to restrict most fossil fuel vehicles by 2030. The city currently has about 6.9 million motorbikes, and officials say gasoline powered models account for roughly 60 percent of local air pollution.
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Source: Vietnam Insider