Vietnam motorbike market - electric vehicles grow impressively

Video : Experience the Honda ICON e electric motorbike in Vietnam.

Notably, the electric motorbike segment in Vietnam continued to grow strongly in the first 6 months of 2025, with VinFast and Yadea being two brands that left a clear mark.

According to statistics from Motorcycles Data, growth was recorded in most segments. In particular, scooters continued to lead with an increase of 18.7%, large-displacement motorcycles, although smaller in scale, also had a fairly large growth rate of up to 61.1%.

Vietnam motorbike market - electric vehicles grow impressively.

The electric motorbike segment is showing outstanding growth. The L1 electric motorbike group (equivalent to gasoline motorbikes under 50cc), which is aimed at students, recorded a growth rate of 112.6%. A series of new products such as Yamaha NEO's, VinFast Motio, Honda ICON :e or Yadea Vekoo along with incentive programs contributed to stimulating consumer demand in this group.

At the same time, the L3 electric vehicle group (equivalent to over 50cc) also increased by 52.6% over the same period, showing the growing popularity of electric motorbikes in Vietnam.

Honda continued to lead the two-wheeler market with more than 1.1 million new registrations, accounting for nearly 80% of the market share. Yamaha ranked second with 66,260 vehicles, a 20% increase over the previous year.

In terms of brands, Honda continues to lead the two-wheeler market with more than 1.1 million new registrations, accounting for nearly 80% of the market share. Yamaha ranked second with 66,260 vehicles, up 20% year-on-year. VinFast ranked third with 59,691 vehicles sold and a remarkable growth of 501%, reflecting the rapid growth in the electric vehicle segment.

Next are Espero (2%) and Yadea (1%). Of these, VinFast and Yadea are two pure electric brands, while Espero sells both electric and gasoline vehicles.

The high-end electric motorbike segment has Yamaha NEO's.

Besides domestic brands such as VinFast, Dat Bike, Pega or Selex Motors, the electric motorbike market also records a strong presence of Chinese brands, creating diversity in designs and prices.

At present, users can own electric motorbikes with a starting price of 12 million VND. The 20 - 30 million VND segment accounts for a large proportion with models such as VinFast Evo200, Feliz Neo/S, Honda ICON e: or Yadea Velax. The high-end segment is priced from 35 - 50 million VND or more.

The strong growth of electric motorbikes also comes from the policy context. The government is gradually tightening the operation of gasoline motorbikes in big cities like Hanoi and Ho Chi Minh City to reduce pollution. This encourages traditional brands like Honda and Yamaha to accelerate the transition to electric vehicles.

In the near future, the Vietnamese two-wheeled vehicle market is expected to continue to grow, with a focus on electrification and fierce competition between domestic and foreign brands.

Source: https://khoahocdoisong.vn/thi-truong-xe-may-viet-nam-xe-dien-tang-truong-an-tuong-post1556880.html