Electric vehicle sales surge globally, Vietnam sees rapid growth

In Vietnam, the automotive market recorded a dramatic shift from 2022 to 2025. Sales of battery‑electric vehicles (BEV) rose 628%, climbing from about 24,000 units to over 175,000, and the sector’s share of total new‑car registrations expanded from roughly 4.7% to nearly 30%. At the same time, sales of internal‑combustion‑engine (ICE) vehicles fell 12% before stabilising with modest growth, while overall vehicle registrations grew 18%.

The boom was driven largely by VinFast models and supported by government incentives such as exemption from registration fees and reduced special consumption tax. Across Europe in the first half of 2026, EV registrations surpassed 1.24 million, giving electric cars a 25.6% share of new registrations in 17 key markets. Year‑on‑year growth was 33.7%, with a June spike of 39.5%. Germany led the surge, while France and Spain also broke sales records, indicating that EVs are moving from a niche to a mainstream market segment worldwide.