• Sun. Apr 21st, 2024

Startup Suggests Converting 1 Million Gasoline Cars in Ho Chi Minh City to Electric

BySamantha Johnson

Mar 31, 2024
Startup Suggests Converting 1 Million Gasoline Cars in Ho Chi Minh City to Electric

At a leadership program meeting with the innovative startup community in Ho Chi Minh City, Dr. Nguyen Huu Phuoc Nguyen, CEO of Selex Motor, proposed that the city support the conversion of 1 million gasoline motorbikes into electric vehicles within the next 5 years. He emphasized giving priority to the transportation sector in this initiative. Dr. Nguyen highlighted that his startup had mastered the technology of producing electric motorbikes with an impressive 80% localization rate over 5 years in business. He suggested converting the motorbikes, building 1,000 charging stations, and offering support mechanisms.

The proposal mainly targets motorbike transport businesses and technology motorbike taxi drivers due to their high emission levels and activity frequency. Dr. Nguyen stated that this group is most likely to convert to electric vehicles if supportive policies are in place. Additionally, he proposed a mechanism to facilitate loans for electric vehicle manufacturers, addressing the difficulty they face in accessing finance due to the lack of a financial model and valuation by banks.

Mr. Pham Duc Nam Trung, Director of Finance and Operations at Dat Bike, shared insights on the performance of electric cars and the need for a robust charging station infrastructure. He suggested implementing tax and fee policies to incentivize individuals and businesses to switch to electric vehicles, highlighting the potential cost savings for users. The Chairman of Ho Chi Minh City People’s Committee, Phan Van Mai, expressed the city’s green growth orientation and willingness to explore policies supporting sustainable initiatives like electric vehicles.

Mr. Mai encouraged the innovative startup community to continue contributing to policy development and foster an environment conducive to innovative startups based on science and technology. The city is working on green growth strategies until 2030 and hopes to engage entrepreneurs for further input. In line with this vision, the Ho Chi Minh City Development Research Institute proposed a policy to support electric vehicle usage in the Can Gio district to promote sustainable transportation practices.

By Samantha Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

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