Hanoi’s groundbreaking cash incentive policy encouraging residents to switch from gasoline-powered motorcycles to electric ones is generating significant public interest. This initiative is a key component of the draft Resolution on policies and measures to support the transition to clean energy in road transportation, set to be reviewed by the Hanoi People’s Council during its 28th session (November 26-28).
Under the proposal, residents will receive a 20% subsidy on the cost of a new electric vehicle (capped at 5 million VND).
Individuals from low-income households are eligible for a 100% subsidy (up to 20 million VND), while those from near-poor households receive an 80% subsidy (up to 15 million VND).
What are the eligibility requirements for Hanoi residents to benefit from this program?
Who qualifies for electric motorcycle subsidies? Photo: Hoàng Hiệp.
The first requirement is proof of residency. According to the draft resolution, eligible individuals must hold permanent or temporary residence in Hanoi for at least two consecutive years.
The second requirement is ownership of a gasoline-powered motorcycle. Beneficiaries must own a registered fossil fuel-powered motorcycle prior to the resolution’s effective date.
Low-income and near-poor households are identified annually by the Hanoi People’s Committee.
Hanoi residents with registered gasoline motorcycles can receive up to 5 million VND to switch to electric. Photo: Nam Khánh.
Additionally, Hanoi proposes a 30% interest subsidy on loans for electric motorcycle purchases, applicable to 12-month installment plans through partnered financial institutions.
Each eligible individual may receive support for one vehicle between the resolution’s effective date and December 31, 2030 (a five-year period).
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