In the first seven months of 2026, Vietnam bought 513,742 electric motorbikes. That is a 97.2% jump from the same period last year, according to data specialist Motorcycles Data. Electric models now take 27.6% of all two-wheeler sales, up from 16.8% a year earlier. The same figures put Vietnam first in ASEAN and third in the world for e-motorbike sales, behind only China and India.
The timing is deliberate. This Saturday, VinFast opens a month-long roadshow at 34 Vincom shopping malls. Customers can trade in petrol motorbikes for electric ones and receive support of up to VND 6 million, based on materials the company publishes. The industry has spent the year converting buyers, and this weekend it meets them at the mall.
A market doubling while the petrol side stalls
The headline figure masks an even sharper split. Motorcycles Data reports that total two-wheeler sales reached about 1.9 million units in the seven-month period, up 19.6% year on year. Petrol models managed only a 4.4% gain, while the electric segment grew at 22 times the petrol rate and at nearly five times the pace of the whole market.
The growth is almost entirely driven by electric models. The data firm estimates that electric models contributed about 83% of all new sales volume added during the period, or roughly four out of every five additional two-wheelers sold. In market-share terms, the electric segment gained 10.8 percentage points in twelve months, against a petrol segment that barely grew. For the regional comparison, see our first-half 2026 scoreboard of how Southeast Asian EV markets stack up.
VinFast holds six-tenths of the electric market
VinFast’s position as market leader is clear. Motorcycles Data estimates the company sold about 435,000 electric motorbikes in the first half of 2026. That represents roughly 60% of the electric segment and close to a quarter of the total two-wheeler market; its seven-month sales were up about 170% year on year. The company said in a first-quarter update that its Evo and Feliz lines were the main contributors to the surge.
The rest of the domestic field is growing too. Dat Bike, Selex, Pega and Osaka all feature prominently in Motorcycles Data’s competitive landscape. TMT’s E-Motor brand, built at its Hung Yen plant, began sales in September. Chinese makers Yadea, Dibao and Tailg remain present across the VND 10 to 80 million price band. The established petrol brands are not standing still: Honda is expanding its electric range and charging at its HEAD dealers and plans a localized UC3 premium model plus two new affordable electric models in early 2027, pitched directly against the entry-level electric segment.
The trade-in roadshow opens this weekend
VinFast’s answer to the market it leads is to accelerate the switch. According to the company’s announcement, its “Thu xăng đổi điện” (Trade petrol for electric) roadshow runs from October 31 to November 29 at 34 Vincom malls nationwide. It offers test rides and advice on the company’s Green Future 2 program. That program runs from September 19 to December 19 this year, offering VND 1.5 to 6 million in support per e-motorbike.
The support tiers, based on the materials the company publishes, are: Viper and Kinet at VND 6 million for battery-lease customers or VND 4.5 million for buyers who purchase the battery; Kyo at VND 5 million or VND 3.5 million; Feliz II at VND 4 million or VND 3 million; Evo Grand Premia and Limited at VND 3 million; Flazz Max and Evo Lite at VND 2 million or VND 1.5 million; and Amio S2 at VND 2 million.
The first wave lands this weekend, with events on October 31 and November 1 at 16 malls including Times City and Smart City in Hanoi, Ha Long, Vinh and Hue. For buyers weighing the battery lease-or-buy question, our explainer compares swapping, plugging and leasing for Vietnamese riders.
India: the next market to crack
The boom is also extending overseas. According to international trade press citing a company release, VinFast signed more than 50 letters of intent with electric-motorcycle dealer partners in India during October 2026. The company plans to introduce locally produced two-wheelers, while its strategic partner Green SM has entered New Delhi. Government data cited in the same coverage puts VinFast’s Indian registrations at 12,877 in the first nine months of 2026, about a quarter of them in September, when the brand ranked fourth among EV makers for the month. The company says it has already hit its year-end target of 75 dealerships, with free V-Green partner charging running until March 2029. Tapan Ghosh, CEO of VinFast Asia, told Nikkei Asia on October 28: “If VinFast can crack the India market, it gives us confidence that we can replicate the Vietnam and India success stories in other markets.” For the car side of that wager, read our analysis of VinFast’s India showroom rollout.
What the numbers really say
Two caveats provide important context. First, these are sales figures from a data firm tracking the market, not registrations. The conversion rate at the dealership is therefore a step ahead of the conversion rate on the road. Second, the drivers are visible and specific: subsidy money through Green Future 2, trade-in events that remove the friction of the old bike, and a product range that now stretches from VND 10 million runabouts to premium models. Ultimately, sentiment often follows the wallet.
That is also why the timing matters. A data release showing a 97.2% surge is a snapshot; a 34-mall roadshow opening the next morning is a bet on the next snapshot. If the roadshow’s test rides convert even a fraction of the petrol holdouts who bought during the seven months covered by the data, the 28% share figure the market just posted could look, by year end, like the midpoint of the curve rather than its peak.
Sources
Doanh nhan & Phap luat, October 30, 2026, reporting Motorcycles Data figures on Vietnam’s e-motorbike sales, market share and ASEAN/world rankings, plus VinFast’s estimated 435,000 units. https://doanhnhan.baophapluat.vn/doanh-so-tang-vot-gan-100-thi-truong-xe-may-dien-viet-nam-chung-kien-cuoc-dua-thi-phan-khoc-liet.html
24h, October 30, 2026, reporting VinFast’s ‘Thu xăng đổi điện’ roadshow at 34 Vincom malls from October 31 to November 29 and the VND 1.5-6 million support under the Green Future 2 program. https://www.24h.com.vn/the-gioi-xe/vinfast-to-chuc-chuoi-thu-xang-doi-dien-tai-34-trung-tam-thuong-mai-vincom-ho-tro-den-6-trieu-dong-khi-len-doi-xe-may-dien-c676a1807079.html
Fiinews, October 30, 2026, reporting VinFast’s 50+ letters of intent with electric-motorcycle dealer partners in India during October 2026. https://www.fiinews.com/2026/10/30/market-vinfast-signs-50-lois-with-e-motorcycles/
EVShift, September 30, 2026, reporting Vietnam among the world’s largest electric-motorcycle markets, behind China and India, per Motorcycles Data. https://www.evshift.com/535168/vietnamese-startup-dat-bike-toshiba-partner-on-electric-motorcycle-components/
Vietstock (English), September 2026, reporting about 1.9 million two-wheelers sold in Vietnam in the first seven months of 2026 (+19.6%), with electric models at 513,742 units (+97.2%), per a Motorcycles Data report. https://en.vietstock.vn/2026/09/viet-nams-motorcycle-market-shifts-as-electric-models-gain-ground-970-644012.htm
