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Wednesday, May 7, 2025

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The fierce battle for the e-motorcycle market

Vietnam’s electric two-wheeler market has grown significantly over the past two decades and its expansion will continue. Domestic brands currently hold a dominant 70% market share, spanning affordable to high-end segments. However, concerns about fire hazards in residential buildings remain a key challenge for widespread adoption. Vietnam boasts the largest electric motorcycle market in Southeast Asia and ranks second globally after China, according to Hanoi-based private equity firm Kirin Capital. By the end of 2020, VinFast led the market with over 43% share, followed by Pega with 15%. Taiwan’s Dibao with 11.8%, and China’s Yadea and Anbico with 8.6% and 8.3%, respectively. The rise of domestic brands Vietnam’s electric two-wheeler industry has evolved rapidly. Chinese electric bicycles first entered the local market in 2005-2006, featuring basic designs with batteries placed under the seat and motors mounted on the rear wheel. These early models had a range of 30-50 kilometers per charge, making them a practical choice for students, homemakers, and the elderly. Since then, Vietnamese electric motorcycle brands have emerged as strong competitors, according to a report by Kirin Capital. Detech Motor, founded in 1999, imported electric motorcycles from abroad before switching to local assembly in 2001. Today, its Hung […]
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Filling the gap

Vietnam’s pledge to reach net-zero emissions by 2050 has thrust green transportation into the national spotlight, with electric vehicles (EVs) leading the charge. But...

EV registration fee exemption extended until 2027

HCMC – The Government has issued a decree extending the registration fee exemption for electric vehicles (EV) until the end of February 2027, according...

VinFast to end battery rental for EVs from early March

HCMC – Vietnamese electric vehicle (EV) automaker VinFast has announced that it will discontinue its battery rental policy for electric cars and scooters starting...

VCCI proposes EV registration fee exemption extension

HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has proposed extending the registration fee exemption for electric vehicles (EV) until February 28,...

Finance Ministry seeks tax break extension for electric vehicles

HCMC – The Ministry of Finance has proposed extending the registration fee exemption for electric vehicles (EV) for an additional two years, according to...

VinFast seeks extension of EV registration fee exemption

HCMC – Vietnamese automaker VinFast has requested an extension of the electric vehicle (EV) registration fee exemption, saying the incentive is needed to accelerate...

Vietnam to end EV registration fee exemption from March

HCMC – Starting March 1, 2025, Vietnam will end its three-year registration fee exemption for new electric vehicles (EVs), requiring buyers to pay a...

Vietnam to tighten vehicle emission standards, accelerate e-vehicle adoption

HCMC - Deputy Prime Minister Tran Hong Ha has directed stricter emission standards for all road vehicles, including imports and locally assembled models, while...

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