Vietnam is in the Top 3 largest electric motorbike markets in the world
- duyenthu.vietdata
- 2 days ago
- 2 min read
The motorbike market in Vietnam will grow strongly in 2025, especially thanks to the breakthrough of the electric motorbike segment.
According to data from Motorcycles Data, domestic motorbike sales maintained a positive growth momentum, with August alone reaching an increase of 17.4%. In the first 8 months of the year, total sales reached 2.08 million units, 15.2% higher than the same period in 2024.
According to Motorcycles Data, demand increased in most segments. Of which, scooters increased by 14.8%, and manual motorbikes recorded an increase of up to 65.6%. Notably, electric motorbikes continued to explode. The L1 segment (under 50cc) increased by 89%, while the L3 segment (over 50cc) increased by up to 197%. These figures show a clear shift in consumer trends towards low-emission vehicles.
Motorcycles Data said that Vietnam is currently the third largest market for electric motorbikes in the world. The increase is driven by the trend of seeking green vehicles, along with the roadmap to limit gasoline motorbikes in large cities such as Hanoi and Ho Chi Minh City. In addition, preferential policies and promotional programs from manufacturers also contributed to accelerating the shift.
Among the brands, VinFast plays a leading role in the market. This brand continuously introduces new models, including vehicles using two batteries, and deploys a battery swapping station system. Thanks to that, by the end of August, VinFast motorbike sales increased by 447%, continuing to dominate the electric vehicle segment.
Yadea also grew by 41.5% thanks to old-for-new exchange programs and direct discounts for customers, especially students during the school year. Other brands such as Dibao and Pega also recorded positive results, contributing to a vibrant picture for the electric motorbike market.
On the other hand, traditional brands that are strong in internal combustion engine vehicles such as Honda and Yamaha are showing signs of slowing down. Honda's sales increased by only 6.3%, while Yamaha's decreased by 8.6%. Honda's August report shows that the company sold 154,599 vehicles, down 21.66% from the previous month and down 13.4% from the same period in 2024. This development clearly reflects the change in consumer tastes in response to the news of gradually tightening gasoline motorbikes.
(Thời báo Ngân hàng)