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Viet Nam - Recommendations to the National Roadmap and Action Plan for the Electric Mobility Transition
In July 2022, the Prime Minister of the Viet Nam approved the ‘Action Program on Green Energy Transportation – Reduction of Carbon and Methane Emissions of the Transportation Industry’ through Decision 876/QD-TTg. This landmark Decision is Viet Nam’s first policy specifically targeting at reducing about 7.2 percent contribution from the transportation sector to the economy wide greenhouse gas emissions. This is a key step towards achieving Viet Nam’s Nationally Determined Contributions (NDCs) under the Paris Agreement and the 2050 net zero target.
This report presents a series of policy recommendations to the Government of Viet Nam to achieve the targets set under the Decision 876/QD-TTg related to transitioning the road transportation sector towards electric mobility (E-Mobility) using electric vehicles (EVs) – to have 50 percent of urban vehicles and 100 urban buses and taxi to be powered by electricity or green energy by 2030, and subsequently reach to 100 percent for all road vehicles by 2050. The recommendations are underpinned by rigorous quantitative analysis that reveals ‘what it takes’ to achieve the targets in terms of EV demand and supply, power sector upgrading, charging network development, and battery demands. It also provides a high-level estimate of key benefits from the E-Mobility Transition including reducing gasoline and diesel demand and importation, creating new jobs, reducing local air pollutions, and critically, contributing to Viet Nam’s emission reduction targets.
This report is the Executive Version of the study targeting policy makers and senior officials. It provides key messages and the most critical snapshots of the analysis.
(Source: Wang, B., Rogate, C. (2024). Việt Nam: Recommendations to the National Roadmap and Action Plan for the Electric-Mobility Transition. Washington, DC., USA: World Bank.)
