Hybrid Vehicles

Electric and hybrid vehicles are projected to continue experiencing strong growth in 2025 and the following years, with an expected growth rate of 25-30% in 2025, and gradually accounting for a larger share of the total car sales in Vietnam.

Vietnam is experiencing a strong shift towards electric vehicles (EVs). The supportive and preferential policies implemented by the Government, such as the exemption of registration fees and reduction in special consumption tax for EVs, have played a significant role in promoting the adoption of this type of vehicle in the country.