Vietnam Electric Vehicle Market Research Report – 2025 Outlook, Trends, Share, Size Forecast
MarkNtel Advisors has released an in-depth report on the Vietnam Electric Vehicle Market, offering critical insights into the market's size, growth, trend, projections, and emerging dynamics. This report delivers a comprehensive analysis of growth opportunities, competitive landscape, technological developments, and evolving consumer demands—equipping industry stakeholders with the data necessary to make informed decisions.
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Vietnam Electric Vehicle Market Trend
Increasing Integration of IoT AI-Powered Features in EVs – The latest technological innovations, such as the incorporation of Artificial Intelligence and the Internet of Things, have modified the electric vehicle market in Vietnam. Many companies such as PEGA, Dat Bike, VinFast, and Selex Motors are proactively manufacturing electric vehicles with these advanced features, including AI and IoT. For instance, Vin Fast (2024) has discovered an AI-powered Mirror Sense technology in electric vehicles that has increased safety measures by detecting the driver’s head position and corresponding mirror adjustments. Additionally, it has launched IoT-connected smart charging stations for EVs in Vietnam.
Moreover, Dat Bike, Selex Motors, and PEGA are manufacturing electric scooters with IoT connections providing battery monitoring, and smart gadgets connection systems such as mobile phones, smart watches, etc. Also, companies are planning to expand these integrations in EVs, such as VinFast has collaborated with Amazon to launch Alexa voice AI in electric vehicles in Vietnam in their VF8 and VF9 models, which is a great opportunity for the market to further grow.
Leading Companies and Competitive Landscape of Vietnam Electric Vehicle Market
The competitive landscape of the Vietnam Electric Vehicle Market is shaped by both top giants and emerging players. These companies are actively involved in product launches, mergers acquisitions, and geographical expansions to support their market presence.
Key Market Players Include:
- VinFast Auto Ltd.
- Tesla Inc.
- Mercedes-Benz Vietnam
- Toyota Motor Vietnam
- Honda Vietnam
- Hyundai Thanh Cong Vietnam
- Kia Vietnam
- TMT Motors
- Nissan Vietnam
- Others
- Dat Bike (for electric two-wheelers)
- Great Wall Motors (Haval)
- Others
These players are continuously innovating and investing in technological solutions to meet the dynamic needs of the market while maintaining a competitive edge.
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Vietnam Electric Vehicle Market Segmentation and Region
By Propulsion Type
- Battery Electric Vehicle (BEV) – Market Size Forecast 2020–2030, USD Million
- Plug-in Hybrid Electric Vehicle (PHEV) – Market Size Forecast 2020–2030, USD Million
- Hybrid Electric Vehicle (HEV) – Market Size Forecast 2020–2030, USD Million
- Fuel Cell Electric Vehicle (FCEV) – Market Size Forecast 2020–2030, USD Million
By Vehicle Type
- Passenger Cars – Market Size Forecast 2020–2030, USD Million
- Commercial Vehicles – Market Size Forecast 2020–2030, USD Million
- Electric Two-Wheelers – Market Size Forecast 2020–2030, USD Million
- Electric Buses – Market Size Forecast 2020–2030, USD Million
By Battery Type
- Lithium-ion Battery – Market Size Forecast 2020–2030, USD Million
- Nickel-Metal Hydride Battery – Market Size Forecast 2020–2030, USD Million
- Others – Market Size Forecast 2020–2030, USD Million
By End-User
- Private/Individual – Market Size Forecast 2020–2030, USD Million
- Commercial/Corporate Fleet – Market Size Forecast 2020–2030, USD Million
- Public Transport (e.g., E-buses) – Market Size Forecast 2020–2030, USD Million
By Distribution Channel
- Dealerships – Market Size Forecast 2020–2030, USD Million
- Direct Sales – Market Size Forecast 2020–2030, USD Million
- Online/E-Commerce – Market Size Forecast 2020–2030, USD Million
By Region
- Northern
- Central
- Southern
- Southeast
- Mekong Delta
Frequently Asked Questions (FAQs)
- What is the expected CAGR of the Vietnam Electric Vehicle Market during 2025-2030?
- Which region holds the largest market share in the Vietnam Electric Vehicle Market?
- Who are the leading players in the Vietnam Electric Vehicle Market?
- What are the key trends driving the Vietnam Electric Vehicle Market forward?
- What are the major challenges faced by new entrants in the market?
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Scope of the Report
- Provides an unbiased market forecast from 2025 to 2030
- Covers detailed company profiles and competitive analysis
- Includes segment-wise and region-wise market breakdown
- Offers insights into market drivers, challenges, and trends
- Equips stakeholders with data-backed strategic recommendations
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We are a leading market research firm providing research, consulting, and data-driven intelligence to clients across diverse industries globally. Our reports are tailored to help businesses identify lucrative opportunities and mitigate potential risks using actionable insights.
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