The Vietnam electric two-wheeler market is primarily driven by the anticipated government regulations for developing electric vehicle industry and increasing awareness regarding the use of electric vehicles among consumers.
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Based on 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. E-motorcycles are anticipated to witness the fastest growth of 19.1% in terms of fleet size during the forecast period. On the basis of 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.
On the basis of battery technology, the market is categorized into removable battery and non-removable battery. Of both the categories, 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. Based on voltage, the market is segmented into 24V, 36V, 48V, 60V, 72V. Of all, 48V electric two-wheeler holds the largest share in the Vietnam electric two-wheeler market, followed by 36V two-wheelers.
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Schneider Electric Vietnam, Tan Thanh Nhan Co., Ltd., Pega LTT Global Electric Bike JSC are some of the key players operating in the Vietnam electric two-wheelers market.
Source: VynZ Research