Imagine a morning in 2040: the city is calmer, high-rises powered by solar energy, and vehicles gliding by in silence. Sounds like science fiction? In fact, it’s a very near future already taking shape.
According to BloombergNEF’s 2024 report, by 2030, 60% of global vehicle sales will be electric. This is no longer a fleeting trend. And Vietnam will not be left behind in this global shift.
But are electric vehicles just a cleverly marketed product for consumers? Or is there something deeper driving this transition?
Oil – A Double-Edged Source of Power
You may not realize it, but for the past 200 years, oil and its derivatives have silently shaped the modern world — from the car you drive and the clothes you wear to every glowing streetlight. Thanks to oil, humanity launched an industrial revolution, expanded technological frontiers, and accelerated the global economy.
Image Source: Internet
But oil has also left a heavy cost: worsening climate change, recurring energy crises, and escalating geopolitical tensions over pipelines and reserves.
The truth is, while oil helped build the modern world, it is not infinite. Reserves are dwindling, extraction costs are rising, and like it or not, the world is entering a new era — one where energy must come from cleaner, more sustainable sources. Vietnam, of course, is not exempt from this transition.
Vietnam — More Than Just Keeping Up, It’s a Chance to Lead
Across the bustling streets from Hanoi to Ho Chi Minh City, the familiar hum of motorbikes still dominates. But listen closely, and you’ll notice a new sound emerging — the soft, smooth whir of electric vehicles. No noise, no fumes.
Image Source: Internet
With over 65 million motorbikes on the road, Vietnam ranks among the countries with the highest two-wheeler usage in the world. But with convenience comes consequences: transportation accounts for up to 70% of urban emissions, according to the Ministry of Natural Resources and Environment (2023). On top of that, over 70% of fuel used for transport is imported, leaving the economy vulnerable to global energy price shocks.
In this context, electricity — especially clean electricity — becomes a strategic solution. It helps protect the environment while strengthening national energy security.
Image Source: Internet
The demand for EVs in Vietnam is exploding at a pace that has surprised even policymakers. In just three years, the number of newly registered EVs jumped nearly 20-fold — from over 4,000 in 2022 to nearly 80,000 in 2024 (Vietnam Customs). And that’s just the tip of the iceberg.
Vietnam isn't stopping at consumption. It’s aiming to lead the regional EV supply chain.
VinFast operates a factory in Hai Phong with an annual capacity of hundreds of thousands of vehicles. A new facility in Ha Tinh — expected to go live by mid-2025 — will increase the total production capacity to 600,000 vehicles per year (VinFast IR, 2024).
The National Electric Mobility Roadmap (2021–2035) sets clear goals:
- By 2030, 30% of domestic car production will be electric
- 22% of motorbikes will be electrified
- By 2025, EV production is expected to exceed 466,000 units per year
Image Source: Internet
Vietnam is also investing heavily in batteries — the most critical component in EVs. It’s no coincidence that global giants like LG Energy Solution, Panasonic, and CATL are pouring capital into Vietnam. They see something many Vietnamese themselves haven’t fully realized yet: we hold rare advantages.
From our strategic geographic location in the heart of Asia’s industrial zone, to a young, dynamic, and eager workforce. From a fast-growing economy to a broad network of free trade agreements that help Vietnamese-made products reach global markets — all signs point to Vietnam as a rising EV hub.
The EV manufacturing ecosystem is rapidly forming. Battery factories, chassis suppliers, component manufacturers, control software — everything is taking shape. These aren't just built for local demand, but for something much bigger: exporting “Made in Vietnam” EVs to the world.
When Policy Opens the Path
Just a few years ago, electric vehicles were considered "the future’s story" — modern, yes, but far-fetched. Slowly but surely, that changed. Policy evolved, infrastructure emerged, and the transformation began to take place, right on our city streets.
Image Source: Internet
The Vietnamese government took an unprecedented step: a full exemption on vehicle registration fees for EVs until the end of February 2027 (Decree 10/2022, updated by Decree 51/2025). A bold financial push that made EVs more accessible to the middle class, young families, and those who once thought of them as “luxuries.”
It didn’t stop there. Special consumption tax for EVs was slashed to just 1–3%, a stark contrast to the 35–50% rates on gasoline cars. This isn’t just a tax break — it’s a declaration: “We are prioritizing a cleaner future.”
Image Source: Internet
But perhaps the most noticeable shift is in everyday life: charging stations are popping up in apartment parking lots, shopping centers, and along highways. VinFast has rolled out more than 63,000 charging points nationwide, aiming to reach 150,000 in the coming years (Vingroup, 2024). What used to exist only in developed nations is now becoming a part of daily life in Vietnam.
There’s also the silent hum of VinBus electric buses rolling through Hanoi, or electric motorbikes using battery-swap systems from Selex Motors and Dat Bike — increasingly spotted outside corner stores, coffee shops, and in the hands of tech-savvy delivery riders. We no longer have to imagine an electric future — it’s already here, right now.
What was once a novelty is becoming a real, everyday option. This shift isn’t just about technology — it’s about vision. The vision of a nation bold enough to bet on a green future. And the readiness of its people — those who recognize that it’s time for new paths forward.
The Opportunity for NUEN MOTO
As the EV wave spreads, a new question arises: Are all electric vehicles the same?
Sure, they’re quiet and efficient. But what if people also want something bold, with a striking design — something that expresses who they are? What if riders want a machine that turns heads and feels just as “badass” as a large-displacement gas bike? That’s the niche NUEN MOTO is stepping into.
We see a future where electric vehicles are not just modes of transport — but extensions of one’s lifestyle. Like choosing a favorite pair of sneakers, a smartphone, or a signature jacket. And as more people choose to live sustainably andstylishly, the vehicle they ride should reflect that spirit.
NUEN MOTO isn’t building an EV “for everyone.” We’re creating a platform for those who want more — more power, more emotion, more individuality.
In Closing
From rapid growth, investment by tech giants, to bold government policies paving the way — Vietnam is taking electric seriously. EVs are no longer about the distant future. For Vietnam, they are the now.
