Vietnam Electric Vehicle Charging Infrastructure Market to Grow with a CAGR of 5.78 % through 2030
Growing electric vehicle
ownership, rising investments in charging networks, and strategic
collaborations between energy and automotive sectors are the factors driving
the market in the forecast period 2026-2030.
According to TechSci Research report, “Vietnam Electric Vehicle
Charging Infrastructure Market – Industry Size, Share, Trends, Opportunity, and
Forecast, 2020-2030F”, The Vietnam Electric Vehicle Charging Infrastructure Market was valued
at USD 30.94 million in 2024 and is expected to reach USD 43.34 million by 2030
with a CAGR of 5.78% during the forecast period.
Vietnam’s electric vehicle charging infrastructure is progressing
swiftly in response to growing demand for EVs across the nation. Figures from
Vietnam’s Ministry of Industry and Trade show the electric car fleet exceeded
30,000 units by the end of 2024 and could grow tenfold by 2030. Government
sustainability goals and emission reduction policies are prompting significant
investments by both local and international stakeholders to develop a robust
network of chargers, ensuring EV owners can access convenient and reliable
power sources.
The market’s expansion is influenced by rising enthusiasm among
consumers for clean vehicles and by collaborations spanning automakers,
utilities, and commercial property developers. These alliances are fueling the
establishment of charging points in urban centers and beyond, catering to both
private users and commercial fleets. Advancements in rapid charging
technologies and digital applications for station management are reshaping the
service landscape. Vietnam’s electricity providers are planning infrastructure
enhancements to accommodate new power demands, paving the way for future
integration with renewable energy systems and smart grids.
Nevertheless, the industry encounters significant obstacles such as
substantial initial investments for charger deployment, uncertainty about user
adoption rates, and the absence of uniform charging standards. Potential EV
owners remain cautious about the accessibility and reliability of charging
services. The shortage of trained personnel for handling modern EV charging
technologies presents further complications. Balancing charging infrastructure
growth with the national power grid’s capacity remains critical. Despite these
complexities, strong policy support and consumer curiosity continue to drive
momentum in Vietnam’s transition toward electric mobility.
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Vietnam
Electric Vehicle Charging Infrastructure Market is Segmented By Connector,
Charging Level, Installed Location, Vehicle and By Region.
Vietnam’s
electric vehicle charging infrastructure spans multiple charging levels, each
addressing distinct user requirements and vehicle types. Level 1 charging,
using standard household outlets, serves primarily private users seeking
affordable home solutions for overnight charging of two-wheelers and smaller
vehicles. While offering minimal installation costs, its slow speed limits
practicality for drivers needing faster turnaround times. Level 2 chargers
deliver higher power and cater to both residential and commercial environments,
striking a balance between cost and efficiency. They provide suitable solutions
for passenger cars parked at workplaces, shopping centers, and residential
complexes, offering a practical option for urban dwellers. Level 3 DC fast
chargers represent a crucial development for Vietnam’s market, delivering rapid
charging capable of replenishing significant vehicle range in under an hour.
These high-capacity units are increasingly relevant for commercial fleets,
intercity travel, and urban drivers demanding minimal downtime. Despite higher
costs and grid demands, their adoption is growing as consumer expectations
shift toward faster service. The coexistence of all three levels reflects
Vietnam’s diverse vehicle fleet and usage patterns, requiring infrastructure
providers to invest in flexible solutions that accommodate varying charging
needs while aligning with national electrification goals and evolving energy
strategies.
Northern Vietnam is emerging as a vibrant growth area
for electric vehicle charging infrastructure, driven by industrial expansion,
rising incomes, and increasing urbanization. The region’s urban centers are
witnessing growing interest in electric vehicles among consumers who prioritize
sustainability and modern mobility solutions. Businesses and local governments
recognize the strategic need to integrate charging stations into urban
infrastructure, fueling new investments and partnerships. Northern Vietnam’s
varied climate and geography influence installation approaches, with operators
designing solutions resilient to weather conditions and suitable for both dense
cities and surrounding industrial zones. This adaptability supports steady
expansion of the network.
The area’s role as a manufacturing and logistics hub
creates unique demand for commercial vehicle charging solutions. Fleets
transporting goods across industrial parks and regional routes require reliable
and efficient charging options, prompting investments in higher-capacity
stations and technologies that minimize operational downtime. Educational
initiatives and public demonstrations are helping inform potential EV owners
about charging processes and environmental benefits, building consumer confidence.
Skilled labor availability in technical hubs supports the rollout of advanced
technologies, ensuring installations meet quality standards. Rising consumer
awareness, technological readiness, and robust economic development are
positioning Northern Vietnam as an accelerating market for electric vehicle
charging infrastructure, contributing significantly to the nation’s
electrification agenda.
Major Market
Players Operating in Vietnam Electric Vehicle Charging Infrastructure Market Are:
- ABB
- Charge+
- ChargeVN
- Dat Charge
- EBOOST
- EVN (Vietnam Electricity)
- VinFast
- VMT Group
- Wallbox
- Xiaomi
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“Vietnam’s
electric vehicle charging infrastructure market is expanding swiftly as
government policies, surging EV adoption, and technological innovation drive
investments across public and private sectors. The market spans Level 1 home
charging to high-capacity DC fast charging, addressing varied vehicle types
from electric scooters to commercial fleets. Southern and Northern Vietnam both
play crucial roles, reflecting diverse consumer preferences and industrial
demands. Key challenges include high installation costs, grid capacity
management, and the need for skilled labor. Despite hurdles, momentum remains
strong, fueled by sustainability goals, cross-sector collaborations, and
growing consumer acceptance of electric mobility as Vietnam advances toward its
electrification ambitions.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
The report
titled “Vietnam Electric Vehicle Charging Infrastructure Market – Industry
Size, Share, Trends, Opportunity, and Forecast, By Connector (CHAdeMO, Combined
Charging System (CCS), GB/T, Tesla Supercharger, Type 1, Type 2), By Charging
Level (Level 1, Level 2, Level 3 (DC Fast Charging)), By Vehicle (Two-Wheeler, Passenger Car, Commercial
Vehicle), By Installed Location (Commercial, Residential), By Region, By
Competition, 2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the Vietnam Electric Vehicle Charging Infrastructure
Market.
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