Vietnam''s EV market has welcomed products from major global brands, namely Mercedes-Benz, Tesla, Honda, and Peugeot. It has, however, also started
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
READ MOREWhile sales of electric cars are increasing globally, they remain significantly concentrated in just a few major markets. In 2023, just under 60% of new electric car registrations were in the People''s Republic of China (hereafter ''China''), just under 25% in Europe,2 and 10% in the United States – corresponding to nearly 95% of global electric car sales combined.
READ MORETo enhance the development of EV industry in Vietnam, the Government has recently issued new decisions including: Decree 10/2022, effective from Mar 1,2022 regarding the exemption of registration fee for Battery Electric Vehicle for the first 3 years and 50% fee reduction for the next 2 years. Law no. 03/2022/QH15, effective from March 1st
READ MOREForecasts paint a compelling picture of this burgeoning market, with projections suggesting that by 2028, Vietnam could boast one million electric cars, a number expected to surge to 3.5 million by 2040. Private enterprises have been the primary force propelling the transformation of Vietnam''s electric vehicle (EV) market.
READ MOREChina is a major player in this industry stage, with a robust manufacturing ecosystem in place for electric cars, commercial vehicles, and special-purpose vehicles. Supportive government policies and investments have contributed to the rapid growth of the automotive manufacturing industry, making China a leading force in the global electric vehicle market.
READ MOREVietnam. The Asia Pacific region accounted for the largest share of battery electric vehicles worldwide in 2021, with the market for electric vehicles expanding fast
READ MOREAs the Vietnam electric vehicle (EV) industry enters a boom phase, plenty of business-to-business (B2B) opportunities exist for foreign firms. In the midst of a remarkable global transformation that is reshaping the future of transportation, the electric vehicle (EV) market stands at the forefront of innovation in many countries around the
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 MOREChina is the world''s largest new energy vehicle (NEV) market. According to the Ministry of Public Security, NEV ownership in China reached an impressive 13.1 million by the end of 2022, showcasing a substantial increase of 5.26 million vehicles (a remarkable growth rate of 67.13 percent) compared to 2021.
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 MOREChina''s resolute policy initiatives have propelled it to the forefront of the global electric vehicle industry, setting impressive growth milestones. Meanwhile,
READ MOREChinese automaker BYD plans to expand into electric vehicles manufacturing and assembly in Vietnam, according to a Vietnamese government
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 MORE28 Dec 2021 06:26AM (Updated: 28 Dec 2021 06:27AM) SINGAPORE: VinFast, Vietnam''s new automotive brand by the conglomerate Vingroup, introduced two new electric vehicle (EV) models, the VF e35
READ MOREVinFast''s design language blends sporty curves, luxurious strokes, and formidable. presence, all while optimizing performance, functionality, and elegant simplicity. Starting At $69,8002. Reserve Now Explore VF 9. Available Soon.
READ MOREChinese electric car company Zhidou plans to begin selling its mini electric A01 car model at an expected price of VND100 million ($4,260) in Vietnam within the next three months. Zhidou displayed its mini electric car A01 the ongoing 2023 Autotech & Accessories exhibition in HCMC. This small vehicle is designed for urban driving.
READ MOREWith VinFast''s own planning of 150.000 charging ports on a scale of 100 million people, on average, every 10.000 Vietnamese people have 15 electric vehicle charging ports. This number is 5 times higher than the US and higher than the 12 charging ports per 10.000 people in China. It can be seen that the world''s most extensive and
READ MOREWuling Hongguang Mini EV launched at an event in Hanoi on June 29, 2023. Photo by VnExpress/Luong Dung. Chinese manufacturer Wuling has introduced the cheapest electric vehicle models in Vietnam. The newly-launched mini electric vehicle models were launched Thursday for prices starting at VND239 million ($10,139).
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 MOREThe E2W market is led by local companies VinFast and Pega, with market shares of 43.4% and 15.7%, respectively, in 2020. Because 2Ws are the main transport mode in Vietnam,
READ MOREVietnam''s growing status as a manufacturer of EVs, its importance in the EV battery supply chain, and growing consumer base for EVs, creates the perfect market
READ MOREThe China Electric Vehicles Market size is estimated at USD 305.57 billion in 2024, and is expected to reach USD 674.27 billion by 2029, growing at a CAGR of 17.15% during the forecast period (2024-2029).
READ MOREAccording to Vingroup''s Annual Report, VinFast sold 31,500 cars and 45,400 electric motorcycles in 2020, which is pretty fast growth for a company that is only a few years old. VinFast is now
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 Electric Vehicle (EV) Market - Size, Share, Growth Analysis, Opportunity & Forecast Report, 2019–2030, Segmented By Propulsion Type (BEV, HEV, PHEV, FCEV);
READ MOREGrowth in the electric-vehicle market has slowed. EV sales rose 65 percent from 2017 to 2018 (Exhibit 1). But in 2019, the number of units sold increased only to 2.3 million, from 2.1 million, for year-on-year growth of just 9 percent. Equally sobering, EV sales declined by 25 percent during the first quarter of 2020.
READ MOREElectric vehicle market in China - statistics & facts. Like many countries in the world, China views electric vehicles (EVs) as a pathway for sustainable transportation because
READ MOREWith this whitepaper, Vero''s mobility-focused brand consulting practice explores several facets of the electric vehicle (EV) market in Vietnam: the goals that
READ MOREA worker assembles a car at a Vinfast factory in Hai Phong, Vietnam, on Sept. 29, 2023. Vietnamese automaker Vinfast has plunged right into the crowded and hypercompetitive U.S. auto market, gambling that if it can sell its electric vehicles to finicky Americans, it can succeed anywhere. So far, that gamble has yet to pay off.
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