Vietnam electric two wheeler Market Key Players, SWOT Analysis, Dynamics, Drivers, Key Indicators and Forecast to 2027

Vietnam electric two wheeler Market Insights:

The market report analyses the market while considering various aspects of the market such as market size, market status, market trends, and forecast. The report also offers brief information on the competitors and specific growth opportunities while covering the key drivers of the market. The report has been categorized based on the different segments, including vehicle type, battery type, technology type, distance covered, and voltage type.

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Vietnam Electric Two-Wheeler Market drivers:

The growing adoption of electric vehicles nationwide due to increasing awareness among the population regarding the harmful effects of pollution and greenhouse gas emissions in the environment are certain factors surging the growth of the Vietnam electric two-wheeler market. Moreover, the factors fuelling the market growth during the forecast period include several favorable government initiatives and supportive regulations to promote the adoption of electric vehicles and a drastic shift in the preference towards the electric vehicle in the nation due to their capability to produce less noise pollution and environment-friendly nature. Furthermore, rising per capita income, rapid urbanization, the growing development in the transport infrastructure, the development of e-commerce services, and rail hailing services are further creating various growth opportunities in the market nationwide. On the other hand, the lack of proper charging infrastructure and the increase in the cost of the battery implemented in these vehicles will hinder the growth of the Vietnam electric two-wheeler market.

For example, in 2018, the government of Vietnam endorsed a Memorandum of Understanding with Mitsubishi Motors Corporation through which they plan to explore ways to promote the use of electric vehicles across the nation. Mitsubishi Motors Corporation works with Vietnam Industry Agency (VIA) under the Ministry of Industry and Trade (MOIT) to study on the effective use of electric vehicles and public policy incentives & programs to raise the penetration of sustainable automotive technology.

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Vietnam Electric Two-Wheeler Market Segmentation:

According to the report published by GMI Research, titled “Vietnam Electric Two-Wheeler Market,” the industry is predicted to witness the highest CAGR during the forecast period. The segmentation of the market is as follows:

By Vehicle Type:

E-Scooter/Moped
E-Motorcycle

By Battery Type:

Sealed Lead Acid
Lithium-Ion

By Technology Type:

Plug-In
Battery

By Distance Covered:

Below 75 Miles
75-100 Miles
Above 100 Miles

By Voltage Type:

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