Vietnam Electric Two-Wheelers Market to Witness 6.8% CAGR During 2025-2030

Published Date: Feb, 2024

The Vietnam Electric Two-Wheeler Market is predicted to grow at 6.8% CAGR during the forecast period. The Vietnam market is primarily driven by the anticipated government regulations for developing electric vehicle industry and increasing awareness regarding the use of electric vehicles among consumers.

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.

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. On the basis of 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 the electric two-wheelers in Vietnam. Lower prices are the primary reason behind the highest share of sealed lead acid battery in the Vietnam electric two-wheelers market.

Global Vietnam Electric Two Wheeler Market Segmentation and Key Players

Segment / Key Players



E-scooters, E-bikes, E-motorcycles, Others

Battery Type

Sealed Lead Acid, Li-ion, Ni-MH

Battery Technology

Removable Battery, Non-removable Battery


24V, 36V, 48V, 60V, 72V

Key Players

Schneider Electric Vietnam, Tan Thanh Nhan Co., Ltd., and Pega LttGlobal Electric Bike JSC

Browse market insight and in-depth TOC on "Vietnam Electric Two-Wheeler Market – Analysis and Forecast (2025-2030)"

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. 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.

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

Vietnam Electric Two-Wheelers Market Coverage

Product Insight and Forecast 2025-2030

  • E-scooters
  • E-bikes
  • E-motorcycles
  • Others

Battery Type Insight and Forecast 2025-2030

  • Sealed Lead Acid
  • Li-ion
  • Ni-MH

Technology Insight and Forecast 2025-2030

  • Plugin
  • Battery

Voltage Insight and Forecast 2025-2030

  • 24V
  • 36V
  • 48V
  • 60V
  • 72V