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Status : Published Published On : Dec, 2023 Report Code : VRAT4051 Industry : Automotive & Transportation Available Format : Page : 81
2025
2030

Vietnam Electric Two-Wheeler Market – Analysis and Forecast (2025-2030)

Industry Insights by Product (E-scooters, E-bikes, E-motorcycles, Others), by Battery Type (Sealed Lead Acid, Li-ion, Ni-MH), by Battery Technology (Removable Battery, Non-removable Battery), by Voltage (24V, 36V, 48V, 60V, 72V)

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Industry Overview

The Vietnam Electric Two-Wheeler Market is predicted to grow at 6.8% CAGR during the forecast period in terms of its revenue size. The Vietnam market is primarily driven by supportive government regulations and increasing awareness regarding the use of electric vehicles. Different products including e-scooters and e-bikes are majorly contributing to the electric two-wheeler market size in Vietnam. The market has witnessed significant demand for these products over the last few years with the increasing per capita income and developing transport infrastructure.

Vietnam Electric Two-Wheeler Market

Market Segmentation

Insight by Product

Based on product, the market is categorized into e-scooters, e-bikes, e-motorcycles, and others. E-scooters hold the largest share in the Vietnam market, in terms of revenue as well as fleet size. E-motorcycles are anticipated to witness the fastest growth of 19.1% in terms of fleet size during the forecast period.

Insight by Battery Type

Based on battery type, the market is segmented into sealed lead acid, Li-ion, and NiMH. Of all, sealed lead acid is the most common type of battery used in electric two-wheelers in Vietnam. Lower prices are the primary reason behind the highest share of sealed lead acid batteries in the Vietnam electric two-wheelers market.

Insight by Battery Technology

Based on battery technology, the market is categorized into removable batteries and non-removable batteries. Of both categories, non-removable batteries are majorly used in the market as it is convenient for electric two-wheelers to plug in and charge batteries instead of removing and charging indoors.

Insight by Voltage

Based on voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. Of all, 48V electric two-wheelers hold the largest share in the Vietnam electric two-wheeler market, followed by 36V two-wheelers.

VIETNAM ELECTRIC TWO_WHEELERS MARKET HIGHLIGHT
Vietnam Electric Two-Wheeler Market

Industry Dynamics

Despite minimal government support for electric vehicles in Vietnam, consumer awareness has led to the massive adoption of light electric vehicles in the country Although, the government is showing intent the adopt green technology for transport, lack of clear definitions, and find it is hard to implement hybrid vehicles policy in the country. However, Vietnam's electric vehicles are immune from tariffs as the country is a signatory to free trade agreements such as the ASEAN Trade in Goods Agreement (ATIGA), and the ASEAN-Republic of Korea FTA.

Global Vietnam Electric Two-Wheeler Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  XX Billion

Revenue Forecast in 2030

U.S.D.  XX Billion

Growth Rate

6.8%

Segments Covered in the Report

Product,Battery Type,Battery Technology,Voltage

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

Vietnam

Competitive Insight

Schneider Electric Vietnam, Tan Thanh Nhan Co., Ltd., and Pega LttGlobal Electric Bike JSC are some of the key players operating in the Vietnam electric two-wheeler market.

The Vietnam Electric Two-Wheeler Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • Product
    • E-scooters
    • E-bikes
    • E-motorcycles
    • Others
  • Battery Type 
    • Sealed Lead Acid
    • Li-ion
    • Ni-MH
  • Technology
    • Plugin
    • Battery
  • Voltage
    • 24V
    • 36V
    • 48V
    • 60V
    • 72V

 

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN
Vietnam Electric Two-Wheeler Market Analysis

Frequently Asked Questions

Vietnam Electric Two-WheelerMarket classification based on Voltage type?

Based on voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. Of all, 48V electric two-wheeler holds the largest share in the Vietnam electric two-wheeler market, followed by 36V two-wheelers.

Type of battery technology Used?

On the basis of battery technology, the market is categorized into removable battery and non-removable battery. Of both the categories, non-removable batteries are majorly used in the market as it is convenient for electric two-wheelers to plugin and charge batteries instead of removing and charging indoors.

Key Players in Vietnam Electric Two-Wheeler Market?

Schneider Electric Vietnam, Tan Thanh Nhan Co., Ltd., Pega LttGlobal Electric Bike JSC are some of the key players operating in the Vietnam electric two-wheelers market.

Industry Dynamics of Vietnam Electric Two-Wheeler Market?

In spite of minimal government support for electric vehicles in Vietnam, consumer awareness has led to massive adoption of light electric vehicles in the country Although, government is showing intent for the adoption of green technology for transport, lack of clear definitions and find hard to implement hybrid vehicles policy in the country. However, Vietnam electric vehicles are immune from tariffs as the country is signatory to the free trade agreements such as such as the ASEAN Trade in Goods Agreement (ATIGA), the ASEAN-Republic of Korea FTA.

What is the projected growth rate of Vietnam electric two-wheeler market?

The Vietnam electric two-wheeler market is predicted to grow at 6.8% CAGR during the forecast period in terms of its revenue size. The Vietnam market is primarily driven by supportive government regulations and increasing awareness regarding the use of electric vehicles.
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Vietnam Electric Two-Wheeler Market

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