Electric motorbikes at a parking lot in an apartment building in Hanoi.
Demand for electric motorbikes in Vietnam is accelerating, with sales of models powered by motors of up to 4 kW rising 89 per cent, and sales of larger models equivalent to petrol bikes over 50 cc increasing 197 per cent compared with the same period in 2024, according to Motorcycles Data.
By contrast, traditional petrol scooters posted revenue growth of just 14.8 per cent. Honda and Yamaha remained the dominant brands in the market, followed by VinFast. Honda’s sales grew 6.3 per cent over the period, while Yamaha fell 8.6 per cent. VinFast, meanwhile, saw sales surge more than fivefold, up 447 per cent year-on-year.
Industry experts attribute the strong momentum of electric motorbikes to lower operating costs compared with petrol vehicles. The trend has been reinforced by government directives, including a plan to ban internal combustion engine (ICE) motorbikes in Hanoi from July 2026 and similar restrictions under consideration in Ho Chi Minh City.
Manufacturers have boosted sales with promotions such as cash discounts, free accessories, and trade-in support for petrol bikes. The back-to-school season in August also lifted demand as many parents purchased electric motorbikes for their children.
VinFast holds the largest share of the electric motorbike market and has set a target to sell approximately 1.5 million units in 2026 through more than 600 distributors nationwide.
Vietnam is currently the world’s third-largest market for electric motorbikes and the largest in Southeast Asia. Other active brands include Yadea, Dat Bike, Selex Motors, and HK Bike.
