According to Ember, the electric vehicle boom is no longer confined to developed economies. In 2019, only four countries achieved an EV market share exceeding 10% of total new car sales. By 2025, this number is projected to increase to 39 countries.

Notably, Southeast Asia is emerging as a prominent growth region. Markets such as Vietnam and Singapore are forecast to achieve an electric vehicle sales market share of approximately 40%, surpassing both the UK and the European Union (EU) in green vehicle penetration.

Ember emphasizes that emerging markets like Southeast Asia are helping to reshape global electric vehicle consumption trends.

Other reports also indicate that Vietnam's market is experiencing its fastest growth phase since the advent of electric vehicles. A Mordor Intelligence report states that Vietnam's EV market will be valued at 3,12 billion USD in 2025 and is projected to increase to about 7,41 billion USD by 2030. IMARC Group predicts that the electric car segment alone could reach 12,23 billion USD by 2033, growing 16,8% annually. According to experts, with this growth momentum, Vietnam is expected to become one of Asia's electric vehicle hubs.

This impressive growth results from the government's green vehicle promotion strategy, combined with efforts from leading domestic enterprises like VinFast. In november alone, the Vietnamese car manufacturer continued to extend its record with 23,186 cars delivered, equivalent to nearly 700 vehicles per day.

The EV market's momentum is also evident in neighboring countries. Indonesia has reached a 15% market share, surpassing the US for the first time in market penetration speed. Meanwhile, Thailand achieved a 20% rate, recording higher electric vehicle sales in the first three Quarters of 2025 than Denmark (a country with a tradition of prioritizing clean energy).

VF e34 models from the fourth batch brought by VinFast to Indonesia. *Photo: VinFast*

Euan Graham, a data and electricity analyst at Ember, noted that emerging markets are no longer in a "catch-up" position but have begun to form a wave of transition to electric transportation. He believes these nations recognize the clear strategic advantages of electric vehicles: from improving air quality and reducing urban pollution to cutting reliance on imported fossil fuels, thereby strengthening energy security and fostering sustainable growth.

Beyond Asia, many other regions are also experiencing rapid growth. In Latin America, Uruguay has achieved an electric vehicle (EV) market share of 27%, nearly matching the EU average. Mexico and Brazil have surpassed Japan. In Europe, Turkey reached 17%, overtaking Belgium to become the fourth largest electric vehicle market in the region.

Data indicates that the focus of global electric vehicle growth is shifting. At this pace, Ember forecasts the global electric vehicle penetration could reach 40% by 2030, with Southeast Asia continuing to drive the energy transition in the transportation sector.

Thai Anh