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5 clusters · 7 sources · 52 days · First seen · Last updated

Vietnam electric vehicle market growth

Overview

The Vietnamese automotive market is undergoing a significant transition toward electrification. In the passenger car sector, electrified vehicles—including pure electric and hybrid models—accounted for 52% of sales during the first half of 2026, up from 41% in the same period in 2025. This shift is driven in part by increased affordability; new electric minicars like the VinFast VF 2 and Bestune Xiaoma 222 provide entry-level options for budgets under 300 million VND, a price range that previously necessitated used vehicles.

VinFast remains a dominant force, reporting 175,099 vehicle deliveries in 2025 and over 137,000 sales in the first seven months of 2026. In the electric motorcycle segment, VinFast reported selling over 406,000 units in 2025, representing a 473% year-on-year increase. During the first seven months of 2026, the electric motorcycle market share rose to 27.6%, while gasoline motorcycle market share fell to 72.4%.

Competition in the electric motorcycle segment is intensifying, with brands such as VinFast, Honda, Yadea, and Dat Bike vying for market share. Honda is accelerating its electric mobility efforts in Vietnam, delivering new models like the Honda CUV e: and Honda UC3 to government officials in Ho Chi Minh City. To support this transition, Honda is expanding its infrastructure through charging points and battery swapping stations, while continuing to maintain its internal combustion engine lineup to meet Euro 4 emission standards.

Entities

Vietnam · VinFast · Honda · Traffic Police Department · Thailand

Timeline

  1. [BUSINESS] 2 sources
    ASEAN automotive market sees strategic shifts in electric and pickup segments

    Automakers are reshaping the ASEAN market through new partnerships, such as Honda and Mitsubishi's pickup collaboration, and a surge in electric motorcycle competition in Vietnam.

  2. [BUSINESS] 2 sources
    Vietnam electric vehicle market share rises amid gasoline vehicle decline

    Vietnam is seeing a rapid shift toward electric vehicles, with electric motorcycles reaching a 27.6% market share and electrified passenger cars accounting for 52% of sales in early 2026.

  3. [BUSINESS] 2 sources
    Vietnam electric motorcycle market seeks to replace gasoline vehicles

    As Vietnam sees rising motorcycle registrations, electric models must improve technology and range to successfully replace traditional gasoline-powered vehicles.

  4. [BUSINESS] 2 sources
    VinFast teases two new electric motorcycle models

    VinFast has teased two new electric motorcycle models in Vietnam, featuring distinct scooter designs that may include an upgraded version of the Evo model.

  5. [BUSINESS] 2 sources
    Vietnam automotive market sees rise in affordable electric vehicles

    Vietnamese consumers are increasingly weighing electric versus gasoline vehicles as affordable new electric minicars, such as the VinFast VF 2, enter the market under 300 million VND.

Sources

autopro.com.vn · baoxaydung.vn · soha.vn · thanhnien.vn · thoibaotaichinhvietnam.vn · thuonggiaonline.vn · tienphong.vn

This summary has been updated 4 times: see revision history