Vietnam leads world in EV sales share in H1 2025: report

This placed Vietnam ahead of major markets such as China (over 30 percent), Thailand (more than 24 percent), the United Kingdom (nearly 22 percent), and the European Union (some 16 percent).

With the U.S. market closing to EU imports due to new 15-percent tariffs (up from 2.5 percent), the most accessible opportunities are now in Asia, South America, and Africa -- regions that also host the fastest-growing EV markets, according to the T&E report.

While Chinese automakers continue to expand aggressively across Asia, EV brands like VinFast in Vietnam and Tata Motors in India have played a pivotal role in driving the region’s EV boom.

Vietnam’s secret to success

Vietnam’s rapid EV growth is the result of a well-coordinated mix of policy, infrastructure development, and growing consumer awareness.

Measures such as the exemption of registration fees for electric cars, flexible financing options, and significant government incentives for domestic production and charging infrastructure have helped the market go electric faster, according to international media.

“While Europe maintains its EV sales share through strict emissions standards and China doubles the pace of many major markets, Vietnam is emerging as a phenomenon,” said CleanTechnica, a U.S.-based online audio and video media company.

The World Bank also attributed Vietnam’s momentum to its commitment to net-zero emissions by 2050.

Vietnamese consumers are increasingly environmentally conscious and open to sustainable transport, the World Bank stated.

The EV boom not only reflects rising domestic purchasing power but also signals Vietnam’s leadership in the global clean energy transition, it added.