FiinGroup proudly presents the Vietnam Electric Motorbike Market Report 2026, offering a comprehensive view of the country’s fast-evolving electric two-wheeler sector. This report provides an in-depth analysis of market size, competitive landscape, OEM positioning, financial performance, charging and battery-swapping infrastructure, and key regulatory developments shaping the sector.

What’s new? Vietnam’s electric motorbike market entered a high-growth phase in 2025, supported by stronger policy direction, accelerating fleet electrification, and active participation from both local and foreign OEMs. The market has witnessed rapid product launches, expansion of charging and swapping networks, and increasing investment in local manufacturing capacity by major players such as VinFast, YADEA, Honda, Selex Motors, Dat Bike, and other emerging brands.

The sector’s growth momentum is further reinforced by favorable demographic and economic fundamentals, including rising disposable income, continued urbanization, and a young consumer base with higher openness toward electric mobility. At the same time, ride-hailing and delivery platforms are becoming important adoption catalysts, as leading operators partner with OEMs and infrastructure providers to convert gasoline motorbike fleets to electric alternatives.

This 2026 edition delivers the most up-to-date overview of Vietnam’s electric motorbike landscape, with market data and operational insights as of December 2025. It also provides forward-looking analysis on government policy, infrastructure readiness, financing incentives, battery technology development, and supply-demand outlook to support strategic planning for businesses, investors, and industry stakeholders.

What the report covers:

• Vietnam’s e-motorbike market is estimated to reach more than 457 thousand units in 2025, representing an approx. 99% y.o.y increase from 2024. This reflects rising consumer adoption, supported by policy direction toward green mobility, greater investment participation, and continued charging infrastructure development.
• Vietnam’s electric motorbike market remains highly concentrated, with the top 10 OEMs accounting for 90.7% of sales volume in 2025. Unlike the gasoline two-wheeler market, which is dominated by foreign brands, the electric motorbike segment is led by local manufacturers, holding around more than 50% market share.
• The sector is characterized by high financial leverage and elevated production costs, reflecting its early-stage and capital-intensive nature. Vietnamese electric motorbike players appear more debt-dependent than Chinese peers, with a D/E ratio of 3.1x versus 0.8x, likely due to aggressive investment in factory expansion, product development, and ecosystem build-out. The sector also remains production-cost intensive, with COGS accounting for around 84% of net sales.
• Charging stations remain the dominant energy-sourcing model for electric motorbikes, while battery-swapping networks are rapidly expanding. Charging remains the more common model, where users own the battery and recharge it via home plugs or public charging stations. Meanwhile, battery swapping is gaining traction as key players continue expanding their networks.
• Vietnam’s e-motorbike market exhibits various growth trends, including new product launches, charging and battery-swapping infrastructure expansion, fleet electrification, financial incentives, and battery technology upgrades. Battery technology is emerging as a key innovation frontier, as manufacturers accelerate R&D into semi-solid-state and all-solid-state batteries to improve safety, energy density, and vehicle performance.
• The Government is releasing multiple promotion policies to support the long-term transition toward 100% e-motorbike adoption by 2050. Accordingly, the sector has received various incentives and subsidies, including preferential CIT rates, industrial park incentives, large-scale project incentives, and R&D or hi-tech incentives.

More information as well as the table of contents, report preview, and contact person can be found on FiinResearch website as follows:

You can also check out other reports covering key sectors of Vietnam including Cement, Water Supply, Consumer Finance, Banking, Healthcare, Housing Builders, and Plastic etc. on our website: http://fiinresearch.vn

If you would like to obtain the full contents of this Report, kindly direct your request to our Client Advisor at research.support@fiingroup.vn

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