A report on the EV market in Vietnam found that it has the potential to be a leader in the electric 2-wheeled market as well as a growing demand for rapid passenger vehicles.
of national emissions. While currently a cause for concern, the switch to electric transport could be beneficial to both the economy and environment. However, up to this point Vietnam has seen significantly more success in adopting electric 2-wheeled options. Part of this is simply due to the amount of motorbikes in Vietnam. As of 2022, more thanof the population of roughly 100 million had a motorbike, whereas in 2020 the car ownership rate was below 6%.
Unfortunately the ambitious objectives set in their action program have not translated into ambitious policies. Despite the potential of electric 2-wheeled transportation drastically reducing the GHG emissions in cities, there has not been meaningful legislation passed to encourage 2-wheeled EV adoption. There has, however, been limited legislation concerned with the adoption of electric passenger vehicles.
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