Plenty of road left to run for EVs in Vietnam

“Public awareness also has seen positive improvements as the trend to switch to electric vehicles is becoming more popular. Especially after petrol prices surged recently, electric vehicles are considered an optimal choice for many families.

“Electric scooters have been in the Vietnamese market for more than 10 years, but the old products were poor quality, easily damaged, and without genuine warranties, so people only considered electric bikes as transport for students or short distances.”

Changing this perception is key to tapping that huge transport market and eventually seeing success in adopting electric bikes.

“The biggest challenge of electric bikes today is to change that prejudice of customers, persuade them to choose electric vehicles instead of petrol ones to contribute to the common goal of protecting the environment and improving the quality of people’s lives,” Long said.

In addition to avoiding soaring fuel prices, consumers could be encouraged to choose electric for their next purchase if offered incentives regarding taxes and fees, as they are in Taiwan, Indonesia and India.

The integration of technology is a centrepiece of VinFast’s strategy, with a deal signed recently with chip giant Intel to develop driver assistance systems, in-car infotainment, and internet-of-things devices for factories making EVs and batteries.

Lê Hoàng Long explained that VinFast’s ultimate goal was not to compete against or beat other electric vehicle manufacturers but to encourage “consumers to switch from petrol to electric vehicles to contribute to reducing emissions… [and] to jointly promote the gradual replacement of petrol vehicles.”

For many drivers, the biggest hurdle remains the high cost of EVs.

Đào Quang Thắng, a designer in Hà Nội, said: “I used an electric bike when I was in high school because it did not require a driving license. The model I used was made in China because it was cheap, and I just used it to travel to school, not far from home. I drive a petrol-powered bike now. There are more types of Vietnamese electric bikes at the moment, but they are quite expensive and even more costly than my current motorbike.”

However, the limited number of manufacturers offering models in the Vietnamese market means consumers are not exactly spoilt for choice when it comes to environmentally-friendly driving.

Securing US$10 million in funding since its founding in 2019, Đạt Bike is pushing ahead with attempts to combine electric tech and classic bike style. Its latest model, the Weaver 200, builds on the Weaver with upgraded performance and range, delivering a top speed of 90 km/h and a range of 200 km on a single charge. 

There is clearly enthusiasm for electric bikes in Việt Nam, but the market has plenty of road left to run before we see a full-scale adoption of EVs. However, a combination of concern over rising prices and increasing climate compassion could see the switch coming sooner rather than later, especially if incentives are offered along the way. VNS

By Ly Ly Cao and Ollie Arci

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