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Vietnam Electric Two-Wheeler Market

The Vietnam electric two-wheeler market is predicted to grow at 5.8% CAGR during the forecast period in terms of its revenue size. <br>The market in Vietnam is powered largely by favorable government policies and increased awareness of the use of electric vehicles. In Vietnam, numerous products, including e-scooters and e-bikes, contribute significantly to the scale of the electric two-wheeler industry.

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Vietnam Electric Two-Wheeler Market

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  1. Vietnam Electric Two-Wheeler Market The Vietnam electric two-wheeler market is predicted to grow at 5.8% CAGR during the forecast period in terms of its revenue size. The market in Vietnam is powered largely by favourable government policies and increased awareness of the use of electric vehicles. In Vietnam, numerous products, including e- scooters and e-bikes, contribute significantly to the scale of the electric two-wheeler industry. By 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. By 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. By battery technology, the market is categorized into removable battery and non-removable battery. 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. By voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. 48V electric two-wheeler holds the largest share in the Vietnam electric two-wheeler market, followed by 36V two- wheelers.

  2. Despite limited government support for electric vehicles in Vietnam, market awareness has led to massive adoption of light electric vehicles in the country, while the government is showing an intention to adopt green transport technology, lack of specific definitions and find it difficult to enforce the country's hybrid vehicle policy. Vietnam's electric vehicles, however, are immune from tariffs because the country is a signatory to free trade agreements, such as the ASEAN Trade in Goods Agreement (ATIGA) and the ASEAN- Republic of Korea FTA. Competitive Insights: Schneider Electric Vietnam, Tan Thanh Nhan Co., Ltd., Pega LttGlobal Electric Bike JSC are some of the key players operating in the Vietnam electric two-wheelers market. VynZ Research Call: +91-996-028-8381 Toll-Free (U.S. and Canada): +1-888-253-3960 Email: enquiry@vynzresearch.com Web: https://www.vynzresearch.com Connect with Us:LinkedIn | Facebook | Twitter

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