Some automakers, led by Mercedes, say the 2035 ban on gasoline cars in Europe is infeasible, but electric vehicle makers warn that "delaying will only lead to falling behind."
Vietnam is among the fastest-growing emerging electric vehicle markets in Southeast Asia over the past three years, second only to Brazil globally, according to BloombergNEF.
Leading Chinese corporations in electric vehicle manufacturing, renewable energy, and technical consulting services are looking to expand investment and cooperation in Vietnam.
Mercedes-Benz and Schaeffler AG CEOs highlight industry challenges in the electric vehicle transition amid pressure from China and the US, recommending openness to gasoline vehicles.
Many Vietnamese believe electric vehicles can effortlessly navigate flooded areas. However, the reality is that their components remain vulnerable to floodwater damage.