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Vietnam’s electric vehicle index announced for first time

Vietnam’s electric vehicle index (EVI) has been announced for the first time, aiming to help enterprises in the value chain make decisions on production and business.
Vietnam’s electric vehicle index announced for first time ảnh 1VinFast, a Vietnamese automotive manufacturer established in 2017, has announced that it will unveil two of its latest EV models at the 2021 Los Angeles Auto Show. (Photo of VinFast)
Hanoi (VNA) – Vietnam’s electric vehicleindex (EVI) has been announced for the first time, aiming to help enterprises inthe value chain make decisions on production and business.

The Vietnam Petroleum Institute (VPI) built and unveiledthe index on October 14 after consulting domestic and foreign experts.

According to the institute, policies, strategies andtechnological development are unstable and unpredictable elements that have greatimpacts on the development of the electric vehicle (EV) market.

The VPI has used various signposts to assess thedomestic EV market.

Vietnam’s EVI in the third quarter of this year reached1.6 out of 5 points based on the signposts of policies, the network of chargingstations, ownership costs, clients’ liking, GDP per capita, technology and theregional EV market.

The VPI said Vietnam has potential to develop the EVmarket as the country’s car ownership rate is 23/1,000, only one tenth of therate in Thailand and one twentieth of Malaysia.

Although Vietnam is yet to build a roadmap ortargets on EV development, it has issued several incentives to reduce EVownership costs.

VinFast, a Vietnamese automotive manufacturerestablished in 2017, has announced that it will unveil two of its latest EVmodels at the 2021 Los Angeles Auto Show, marking an important milestone inVinFast's global expansion plan./.
VNA
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