Ho Chi Minh to offer subsidy to electric motorcycle buyers in Q1-2024

Ho Chi Minh City will provide support for citizens to covert from gas-powered motorbikes to electric vehicles, beginning in the first quarter of next year, according to Bui Hoa An, deputy director of the municipal transportation department. As such, the municipal Department of Transport was asked to team up with the Ho Chi Minh City Institute for Development Studies to map out a plan to tighten control over emissions from vehicles, including supporting the shift to electric motorcycles. Tran Quang Lam, director of the Ho Chi Minh City Department of Transport, told a conference ‘Residents ask – Authorities answer’ on Sunday that the municipal administration would offer a subsidy to residents for electric motorcycle purchases to phase out gasoline-powered vehicles. The government has already initiated several action programs to advance its green transition and reduce carbon dioxide and methane emissions from vehicles. The leader of the transportation department underscored that Ho Chi Minh City will focus on a shift of public means of transport, increase subsidies for e-buses, and exempt registration fees for e-taxis.