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 […]
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 […]
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 […]
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...
HCMC – The Government has issued a decree extending the registration fee exemption for electric vehicles (EV) until the end of February 2027, according...
HCMC – Vietnamese electric vehicle (EV) automaker VinFast has announced that it will discontinue its battery rental policy for electric cars and scooters starting...
HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has proposed extending the registration fee exemption for electric vehicles (EV) until February 28,...
HCMC – The Ministry of Finance has proposed extending the registration fee exemption for electric vehicles (EV) for an additional two years, according to...
HCMC – Vietnamese automaker VinFast has requested an extension of the electric vehicle (EV) registration fee exemption, saying the incentive is needed to accelerate...
HCMC – Starting March 1, 2025, Vietnam will end its three-year registration fee exemption for new electric vehicles (EVs), requiring buyers to pay a...
HCMC - Deputy Prime Minister Tran Hong Ha has directed stricter emission standards for all road vehicles, including imports and locally assembled models, while...