two wheeler market vietnam


What is the market share of two-wheelers in Vietnam?

E-motorcycles account for a very small share of the two-wheeler fleet, at only 1.1% in 2019 and 1.2% in 2020. VinFast has the largest market share of E2Ws sold in 2020, at 47%. Two-wheeler sales in Vietnam are highly concentrated among several models and manufacturers. The top 10 best-selling two-wheeler models account for 76.5% of the market.

What are the factors restraining the growth of the Vietnam electric two-wheeler market?

The factors which are restraining the growth of the Vietnam electric two-wheeler market include the lack of proper charging infrastructure and the high cost of the battery implemented in these vehicles.

Can two-wheelers help Vietnam meet its climate and air pollution goals?

Policies to reduce emissions from two-wheelers could help Vietnam meet its climate and air pollution reduction goals. For the analysis, we developed a database of the two-wheeler fleet sold in 2019 and 2020. We then analyze vehicle characteristics and fuel consumption by two-wheeler type and by manufacturer.

How is the electric two wheeler market growing?

Launch of advanced electric two wheeler vehicles in different colors, with varying battery capacity, and mileage and strong economic growth in the country leading to the greater adoption of two wheelers are contributing to their market growth.

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