An electric motor, as opposed to a conventional internal combustion engine, powers an electric two-wheeler. These cars are usually powered by batteries, and because of their lightweight and effective nature, lithium-ion batteries are the most widely utilized kind. Electric two-wheelers, such as scooters, mopeds, and motorbikes, provide a more environmentally responsible option than their gasoline-powered counterparts. Because they have fewer moving parts, they are known to be energy-efficient, emit no tailpipe emissions, and require less upkeep and operation. These cars are becoming more and more common in cities as a way to combat air pollution and traffic congestion because they are perfect for short-distance commute and urban transit. Electric two-wheelers with greater range and quicker charge periods are becoming more widely available because to developments in battery technology.
Vietnam Electric Two-Wheeler Market Driving Factors and Challenges
Drivers: The ability of electric vehicles (EVs) to improve energy efficiency and lower emissions of pollutants and greenhouse gases has made them indispensable in the automotive industry. The main causes of this increase are escalating environmental concerns and encouraging government actions. Positive market effects are being caused by the growing demand for environmentally friendly automobiles. As people's knowledge of environmental issues has grown, so too has the focus on cutting carbon emissions and lessening the environmental impact of transportation. Compared to traditional gasoline or diesel-powered cars, electric two-wheelers provide a more environmentally responsible and sustainable option.
Challenges: An electric motor, as opposed to a conventional internal combustion engine, powers an electric two-wheeler. These cars are usually powered by batteries, and because of their lightweight and effective nature, lithium-ion batteries are the most widely utilized kind. Electric two-wheelers, such as scooters, mopeds, and motorbikes, provide a more environmentally responsible option than their gasoline-powered counterparts. Because they have fewer moving parts, they are known to be energy-efficient, emit no tailpipe emissions, and require less upkeep and operation. These cars are becoming more and more common in cities as a way to combat air pollution and traffic congestion because they are perfect for short-distance commute and urban transit. Electric two-wheelers with greater range and quicker charge periods are becoming more widely available because to developments in battery technology.
Impact of COVID-19 on Vietnam Electric Two-Wheeler Market
The COVID-19 outbreak had a significant impact on the electric two-wheeler business in Vietnam, bringing with it both opportunities and challenges. Early in the outbreak, the market slowed down because of travel restrictions, reduced consumer spending, and supply chain disruptions. Manufacturing and distribution were delayed, and consumer confidence fell as consumers focused on needs. However, as the economy began to develop and the need for personal mobility increased, electric two-wheelers gained popularity as a substitute.
Vietnam Electric Two-Wheeler Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Schneider Electric Vietnam, Tan Thanh Nhan Co. Ltd., Dat Bike, VinFast, Pega Ltt Global Electric Bike JSC, Others.
Vietnam Electric Two-Wheeler Market Segmentation:
By Product: Based on the Product, Vietnam Electric Two-Wheeler Market is segmented as; E scooters, E-bikes, E-motorcycles, Others.
By Battery Type: Based on the Battery Type, Vietnam Electric Two-Wheeler Market is segmented as; Sealed Lead, Acid, Li-ion, Ni-MH.
By Battery Technology: Based on the Battery Technology, Vietnam Electric Two-Wheeler Market is segmented as; Removable Battery, Non-removable Battery.
By Voltage: Based on the Voltage, Vietnam Electric Two-Wheeler Market is segmented as; 24V, 36V, 48V, 60V, 72V.
By Region: This research also includes data for Eastern, Western, Northern, Southern.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.