The shift towards electric motorbikes in Vietnam is a response to the government’s CO2 emission strategy and the changing dynamics of the traditional motorcycle market. The government’s focus on reducing carbon emissions and promoting sustainable transportation has created opportunities for the development and adoption of electric vehicles, including electric motorbikes.
According to the evaluation of Motorcycles Data, VinFast, PEGA, and Yadea are the three leading brands of electric motorbikes in Vietnam, both in terms of sales, quality, and reputation for consumers. However, it is very difficult for users to access information because most do not publicize the sales periodically, except VinFast.
The potential for developing the electric motorbike market in Vietnam is significant. As the government encourages the adoption of electric vehicles and consumers become more conscious of environmental issues, there is a growing demand for electric motorbikes.
In addition, the entry of traditional motorcycle brands such as Honda, Yamaha, SYM, Piaggio, and Suzuki into the electric motorbike segment can bring about positive changes.
The domestic motorcycle market continues to be one of the largest motorcycle markets globally, with an annual consumption of nearly three million units. This has motivated major motorcycle brands from Japan, Italy, and Taiwan to maintain their presence in the market.
Honda Vietnam (HVN) remains the largest motorcycle company in Vietnam, holding a whopping 82.5% market share.
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