Vietnam’s electric motorbike market is entering a new phase of intense competition as domestic and foreign manufacturers are accelerating their expansion, diversifying products, and investing heavily in infrastructure.

Automaker VinFast, a subsidiary of conglomerate Vingroup, announced it would debut its first battery-swapping electric motorbike model, Evo Max, this October at an expected price of VND20 million (US$759).

VOV.VN - The capital city of Hanoi plans to pilot restrictions on petrol-powered motorbikes from January 1 to June 30, 2026, in certain downtown areas, as part of a broader roadmap to eventually ban fossil-fueled vehicles and transition to cleaner transportation.

While the electric vehicle (EVs) market is gaining momentum, dealers of petrol-powered cars and motorbikes, both new and used, in Hanoi are facing a wave of order cancellations, vehicle returns, and even deposit forfeiting.

VOV.VN - Experts have expressed support for the Prime Minister’s directive mandating a ban on petrol-powered motorbikes and mopeds in downtown Hanoi, and at the same time, made recommendations to help the city adapt during the transition process.

VOV.VN - The capital city of Hanoi will officially ban all motorbikes running on fossil fuels from operating within Ring Road 1 starting July 1, 2026, according to a Directive issued recently by the Prime Minister.

Motorbikes are expected to continue to be the preferred mode of transport for the majority of Vietnam’s population, but experts are raising concerns over the high accident risks associated with them.

VOV.VN - As many as 3,922 fires and explosions occurred across Vietnam from September 2023 to September 2024, killing 103 people and injuring 78 others, with losses valued at VND296.1 billion, according to the Ministry of Public Security.

The Ministry of Transport has set a target that 30% of cars and 22% of motorbikes will be powered by electricity by 2030.

VOV.VN - Vietnam boasts the largest share (96%) of motorbike and moped users among passenger vehicles of all types compared to other countries in Southeast Asia, according to Seasia Stats, a platform that provides statistics and quotes research done by Bain & Company, GenZero, Standard Chartered Bank, and Temasek.