Hanoi will provide financial support when switching from gasoline/diesel motorbikes to green vehicles.

According to the draft resolution, Hanoi will provide direct financial support to people with gasoline or diesel motorbikes (registered before the resolution takes effect) in low-emission areas when switching to green vehicles. The expected support level is 3 million VND/vehicle for individuals; 4 million VND/vehicle for near-poor households; 5 million VND/vehicle for poor households. Each individual will be supported with a maximum of 1 vehicle until the end of 2030.

Along with that, Hanoi also has a plan to support preferential loans with an interest rate of 3-5%/year, a limit of 100% of the contract value, a maximum loan term of 5 years for public service units, passenger transport units (except buses) and freight transport units, enterprises investing in facilities to collect and recycle old vehicles; exempt 100% of registration fees and license plate registration fees for green vehicles from the effective date of the resolution until the end of 2030. At the same time, Hanoi will also collect traffic fees and adjust the parking service price to be applied according to the roadmap for polluting vehicles.

To ensure the above goal, the Hanoi People's Committee requires that at least 10% of parking spaces at existing projects must have charging posts before the end of 2026; at least 30% of parking spaces at new projects must have charging posts. Public charging station infrastructure investment projects will receive 70% support from the budget for bank loan interest in the first 5 years. Bus station and parking lot projects with 30% or more parking spaces with charging posts will receive 50% support for site clearance costs and 100% support for land rent in the first 5 years.

Hanoi encourages investors to participate in developing clean energy transport infrastructure through the form of PPP (public-private partnership). These investors will be given priority in land allocation and 100% support for land rent at planned locations until the end of 2033.

The above draft resolution is being completed to report to the Hanoi People's Committee to submit to the Hanoi People's Council for consideration and approval at the September meeting.

Source: https://www.sggp.org.vn/ha-noi-se-ho-tro-tien-khi-chuyen-doi-tu-xe-may-xangdau-sang-xe-xanh-post804027.html