Diesel-fueled vehicles will be gradually replaced, with all transport vehicles on the road to be electric or green energy-powered by 2050, under a new action plan
The action plan for green energy transition and reducing carbon and methane emissions in transportation to 2050 was approved under the Prime Minister’s Decision No 876/QD-TTg late last week.
The transportation sector will focus on promoting the transition to green energy to achieve zero emission by 2050, according to the plan, with energy transition considered an opportunity for the transport industry to develop sustainably and catch up with global trends and advanced development.
The focus will be on improving energy-use efficiency, and accelerating the transition to green power in fields which are ready in terms of technology and resource to implement the commitments under the Nationally Determined Contribution and Viet Nam’s methane reduction target by 2030.
In the next period, all means of transport, equipment and transport infrastructure will switch to using green energy to achieve the goal of net zero by 2050.
Specifically, the production, assembly, import and transition to electronic road vehicles will be promoted together with the development of the charging infrastructure system.
By 2040, the show, assembly and import of diesel-fueled automobiles and motorbikes will be reduced. 100 per cent of vehicles on the road will be electricity and green energy–powered by 2050.
For railways, fossil-fueled trains will all be replaced by trains which use electricity and green energy by 2050, while all equipment at train stations will also be converted to green energy.
Viet Nam will also develop policies to encourage investment in developing green inland ports and the production and import of inland waterway vehicles which use electricity and renewable energy.
By 2040, all vehicles operating at airports will use electricity and green energy.
By 2050, all taxis and buses on the road will be electricity and green energy–powered.
According to the Ministry of Industry and Trade, the ministry will raise policies to encourage producing and development of electric and renewable energy-powered vehicles.
The ministry said that priority would be given to developing green transport infrastructure, including charging stations and the conversion of bus stations to green criteria and improving energy efficiency.
Resources to implement the plan will be raised from the State budget, international assistance, private investment, and public-private partnership.
Under the plan, 11 key projects would be developed to build green transport infrastructure, which require a total investment estimated at more than VND3 quadrillion (US$128 billion). — VNS