Using policy and regulation to pave the way for two-wheeler electrification in Vietnam
Market analysis of two- and three-wheeler vehicles in key ASEAN member states
This paper provides an overview of the two- and three-wheeler (2&3W) market in the ASEAN Seven member states in 2019 and 2020. The paper also analyzes and compares the 2&3W markets in a subset of four countries whose data is further segmented by fleet characteristics (e.g., body type, engine displacement), brand, and top-selling models. These four countries—Indonesia, Thailand, the Philippines, and Vietnam—are known collectively in this paper as the “ASEAN Four” market leaders. The 2&3W sales in these four market leaders accounted for 91.4% of total 2&3W sales in the ASEAN Seven countries in this study.
In addition, the paper describes and analyzes the uptake of electric two-wheelers (E2Ws) and electric three-wheelers (E3Ws), characteristics of E2W and E3W fleets, market share by brand, and top-selling models of these four countries. This paper’s profile of the 2&3W market in the ASEAN region could be used to support future policy development in mitigating the negative impacts of 2&3Ws and in building sustainable transport in the region. Future policy initiatives, for example, might be used to support production of E2Ws and E3Ws, to promote and integrate E2Ws and E3Ws in transport systems, and to limit the increase in the number of internal combustion engine (ICE) 2&3Ws. The paper can also shed light on the impact of the COVID-19 pandemic on 2&3W markets in the region as the time frame covers 2019 and 2020.