The infrastructure development unit for charging stations under Vingroup estimates that the country will need 500,000 battery swap cabinets for electric motorcycles alone. This attractive investment sector is drawing many businesses.

With explosive EV adoption and record sales, Vietnam emerges as a global electric vehicle leader in 2025.

Vietnam’s electric vehicle market is booming, with EVs now making up over 40% of new vehicle sales, surpassing China and Europe.

The Vietnam Automobile, Motorcycle, and Bicycle Association (VAMOBA) has set a bold vision: by 2035, 100% of cars and motorcycles produced by its members will be electric and environmentally friendly.

An ecosystem for electric vehicles is gradually emerging, from charging stations combined with rest areas to apps for locating charging points. However, the most critical factor is ensuring energy for transport electrification.

The Ho Chi Minh City Institute for Development Studies (HIDS) has sent an official request to companies and investors in the electric vehicle ecosystem to propose support packages for residents and drivers transitioning to EVs.

To implement the Prime Minister’s Directive 20, support policies covering financial, technical, and communication aspects to ban gasoline-powered vehicles must be introduced promptly.