What are the challenges for electrified shipping in Vietnam?

Vietnam is facing challenges in shifting towards electrified shipping due to limited infrastructure and complex regulatory barriers. The slow pace of development and adoption of electric vessels, as well as the lack of reliable charging infrastructure, are significant obstacles. Additionally, high investment costs and limited financial incentives for electrification are additional challenges. Furthermore, there is also a need to ensure that electric vessels meet safety and environmental standards. Despite these challenges, the Vietnamese government is undertaking efforts to support the transition towards electrified shipping through policy development and incentives such as tax breaks.

This mind map was published on 1 June 2023 and has been viewed 52 times.