With this whitepaper, Vero''s mobility-focused brand consulting practice explores several facets of the electric vehicle (EV) market in Vietnam: the goals that
READ MOREThe Vietnamese electric vehicle (EV) market is full of energy. Rapid economic growth is increasing disposable income levels and major infrastructure projects are improving connectivity. Although motorcycles are still the vehicle of preference, the car market has been steadily growing in importance.
READ MOREVinfast, a car company based in Vietnam, unveiled a pair of electric SUVs Wednesday that it plans to begin selling in the United States next year. The VinFast VF E36 electric SUV. A subsidiary of
READ MOREVietnam Electric Vehicle Industry Research Report 2023-2032. May 01, 2023 | Published by: China Research and Intelligence Co., Ltd. | USD 3,000. electric vehicle (EV) market in Vietnam is still in its infancy, but there is potential for significant growth. Vietnam''s middle class is growing and living in urban areas, and with EVs meeting the
READ MOREThe electric vehicle in the Vietna mese automobile market is young and promising. In Vietnam, motorcycles and electric motorbikes are currently the most famous methods of transportation. Vietnam''s
READ MOREVietnam Electric Commercial Vehicle Market, By Propulsion Type: BEV HEV PHEV FCEV Vietnam Electric Commercial Vehicle Market, By Range: Upto 100 Miles 100-200 Miles 201-300 Miles
READ MOREThe electric vehicle market size in Vietnam increased at a CAGR of 22.9% from 2020 to 2025, according to 6Wresearch. However, the country''s low levels of GDP per capita (USD 2300) hinders the adoption of electric four-wheelers. Moreover, consumers are also less likely to adopt electric vehicles due to a lack of proper charging
READ MOREAccording to Bloomberg, the global electric car market is expected to reach more than 90 million vehicles by 2030; In particular, Hanoi is expected to have 11 million motorbikes by 2025. Vietnam is
READ MOREThe electric vehicle (EV) market in Vietnam is still in its infancy, but there is potential for significant growth. Vietnam''s middle class is growing and living in urban areas, and with EVs meeting the criteria for smart cities,
READ MOREBefore the COVID-19 pandemic, two-wheelers segment made up 95% of the overall electric vehicle market in Vietnam. Since the demand for two-wheelers is always high in Vietnam, electric motorbikes
READ MOREThe Vietnamese market, with a population of nearly 100 million people, a low car ownership rate in the region, stable GDP growth, a rapidly growing middle class, and rapid technological development, will be one of the markets with a huge future for electric vehicle development. The Vietnam Automobile Manufacturers Association (VAMA)
READ MOREVietnamese customers will be able to purchase the Kia EV6 electric vehicle. The E-GMP platform was used to construct Kia''s first electric car, a stylish SUV Coupe design. On a full charge, the automobile can go more than 400 kilometres. When using 350 kW rapid charging, the EV6 can charge from 10% to 80% of the battery in 18 minutes
READ MOREVietnam Electric Vehicle Infrastructure. Now that Vietnam has publicly stated two interrelated goals of reaching high-income by 2045 and achieving net zero by
READ MORERumor has it that several electric vehicles will appear in the Vietnamese market in 2022. market lies The biggest obstacle of the Vietnamese in the tastes of consumers. In recent years, electric cars have become more and more popular, but most people still choose traditional gasoline cars. However, according to VinFast, with economical
READ MOREVietnam''s EV market is just getting started, but shows potential for growth. Electric two-wheelers captured 10% of the 2-wheeler market in 2021, with nearly 1.8
READ MOREThe Vietnam Automobile Manufacturers Association proposed a roadmap of the country''s electric car market for the next three years with three development stages. Along with this, by 2030, the local auto industry aims to manufacture about one million cars of all types. Between 2030-2040, the number of electric vehicles would increase
READ MOREVietnamese electric vehicle (EV) maker VinFast''s stock market valuation has soared above Ford and General Motors (GM) on its first day of trading. Shares in the firm, which has yet to make a
READ MOREHowever, Vietnam is a young market in the EV segment with a market adoption history of around 3 - 5 years. In 2020, Vietnam had 900 EVs on the road, which was still a relatively
READ MOREVietnam has the potential to become a leader in EV demand and EV production in the Association of Southeast Asian Nations (ASEAN) region, especially in the electric two-wheeler (E2W) market. The country''s E2W market is the second largest in the world (after China''s) and the largest and fastest growing in the ASEAN region, and the
READ MOREThe main electricity system is 220V. Vietnam''s electricity demand is increasing at an average rate of 9 percent a year, which may face power shortages from 2021. If public
READ MOREVietnam''s car ownership rate is currently one of the lowest in Asia, with only about 4-5 percent of families owning cars in 2018, with this number rising ever-so-slightly to 5.7 percent in 2020.
READ MOREVietnam has no explicit policy and incentives for the electric vehicle industry, the government has proposed preferential tax programs for environmentally friendly vehicles that run on electricity,
READ MOREAccording to the analyst, the sales volume of electric vehicles will reach US$ 462.76 thousand in 2032 and the CAGR in 2023 to 2032 is 50%. One of the biggest challenges Vietnam has to overcome in this area is the limited number of electric vehicle charging stations. Vietnam''s electric vehicle company VinFast is investing in an extensive and
READ MOREVietnam Electric Truck Market Outlook 8.1. Market Size & Forecast 8.2. Market Share & Forecast 9. Market Dynamics 9.1. Drivers 9.2. Challenges 10. Market Trends & Developments 11. Vietnam Economic
READ MOREVietnam''s EV market has welcomed products from major global brands, namely Mercedes-Benz, Tesla, Honda, and Peugeot. It has, however, also started
READ MOREThe Vietnamese electric vehicle market promises to be more exciting after many years of consumers saying no to hybrid and e-cars, industry insiders said.
READ MOREVietnam has a population of 100 million. General car ownership stands at 1/43 people, significantly lower than neighboring markets: Thailand:1/10 and Malaysia:1/20. 1 Vietnam''s car demand in 2025 is forecast to be 800,000 - 900,000 new vehicles and 1.5 - 1.8 million by 2030. At the same time, interest in electric vehicles ( EVs) is growing.
READ MOREThe Vietnam Automobile Manufacturers Association (VAMA) forecasts that Vietnam will reach 1 million EVs around 2028, and about 3.5 million EVs by 2040. According to 6Wresearch, Vietnam''s electric vehicle market size is growing at a CAGR of 22.9% during the 2020-2025 period.
READ MOREIn 2022, the sales of passenger cars in Vietnam reached over 284 thousand, with only a few thousand of them being electric cars. Meanwhile, Vietnam has been considered a potential market for
READ MORE