Directive No. 20/CT-TTg was signed to address environmental pollution urgently, ushering in a new era for urban transportation in Vietnam.

The Vietnamese automotive market in 2024 is witnessing a significant transformation, driven by an increasing shift toward electric and hybrid vehicles. This trend is fueled by consumer awareness of environmental sustainability, government policies aimed at reducing carbon emissions to achieve net zero by 2050[2], along with tax incentives and cost reductions for EVs

Vietnam’s electric two-wheeler (E2W) market has emerged as a dynamic and burgeoning market driven by the national shift towards sustainable and eco-friendly transportation.

The EV car market in Vietnam is a rapidly evolving sector that has garnered increasing attention due to the growing demand for eco-friendly transportation solutions. As the government pushes for greener initiatives and urban consumers seek affordable, sustainable mobility, EV car have become an attractive alternative to traditional gasoline-powered vehicles.

Competitor analysis in automotive glass industry in Vietnam

Research on EV/hybrid car owners and intenders about their needs. Survey assessing a new EV car model

Vietnam is witnessing a significant shift from traditional gasoline-powered motorbikes to electric alternatives. The electric motorbike market in Vietnam is poised for significant growth. The Ministry of Industry and Trade reports that there are currently over 3 million electric bicycles and electric motorcycles in circulation in 2024. This has made Vietnam the largest electric motorcycle market in the ASEAN region and the second largest globally, after China.

According to Vietnam's Ministry of Natural Resources and Environment (MONRE), transportation accounts for about 18% of total greenhouse gas emissions. Among them, motorcycles contribute more than 90% of carbon monoxide (CO) and volatile organic compounds (VOCs), and 60% of suspended particulate matter (SPM).[1] To meet climate change targets without hindering productivity, it is desirable to increase the adoption of electric two-wheelers in both freight and passenger transport

VIETNAM AUTOMOTIVE INDUSTRY AT THE TIPPING POINT

The sign of diversifying need in the motorbike market