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Vietnam becomes Southeast Asia’s largest electric-car market as EV share reaches nearly 40%
Electric-car sales more than double in 2025 as government incentives and expanding infrastructure accelerate Vietnam’s transition to electric mobility
Vietnam became Southeast Asia’s largest electric-car market in 2025, with electric vehicles (EVs) accounting for nearly 40 per cent of new-car sales, according to the International Energy Agency (IEA).
Electric-car sales in the country more than doubled during the year, taking Vietnam’s EV market share well above the global average of around 25 per cent. This is reported by VNA, a partner of TV BRICS.
The trend formed part of wider growth across Southeast Asia. Electric-car sales in the region more than doubled in 2025 to over 500,000 vehicles, meaning EVs accounted for almost one in five new cars sold. Vietnam, Indonesia and Thailand were among the main markets driving this expansion.
Thailand recorded around 140,000 electric-car sales in 2025, an increase of 70 per cent, with EVs representing nearly a quarter of all new cars sold. Vietnam, meanwhile, reached a share of around 40 per cent.
The transition has been supported by government policies designed to encourage electric mobility. Vietnam has provided registration-fee exemptions for battery-electric vehicles since 2022 and is incorporating charging infrastructure into its broader green transport strategy.
Under the country’s programme to transition the transport sector towards green energy and achieve net-zero greenhouse gas emissions by 2050, Vietnam plans to promote the production, assembly and import of electric vehicles alongside the development of charging infrastructure.
Authorities have also instructed ministries to review regulations governing charging stations at petrol stations and develop standards for charging facilities in apartment buildings, commercial centres and roadside rest areas.
The IEA expects electric-car adoption in Vietnam to continue expanding and projects that EVs could account for more than 80 per cent of new-car sales by 2035, potentially the highest share in Southeast Asia.
Globally, more than 20 million electric cars were sold in 2025, an increase of 20 per cent year on year. EVs represented around one-quarter of all new cars sold worldwide.
China remained the world’s largest electric-car market, recording more than 13 million sales and an EV share of nearly 55 per cent.
Vietnam’s rapid growth therefore places the country among the markets with the highest levels of electric-car adoption and strengthens its position in Southeast Asia’s transition towards electric mobility.
Vietnam leads Southeast Asia in EV sales, 40% market share | TV BRICS, 21.09.26
Vietnam's EV sales more than doubled in 2025, capturing nearly 40% of new‑car purchases and overtaking regional rivals, driven by government incentives and expa...
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