According to a study by the World Bank (WB) and the International Energy Agency (IEA), transitioning to electric vehicles can reduce Vietnam’s dependence on oil imports and enhance its energy security.
One direct impact of adopting electric vehicles is the reduction in gasoline and diesel consumption by fossil fuel-powered vehicles.
If Vietnam’s electric vehicle usage follows an accelerated carbon emission reduction scenario, the total amount of gasoline and diesel saved by 2050 would be nearly 900 million liters.
By transitioning to electric vehicles, Vietnam could save nearly 900 million liters of gasoline and diesel by 2050. Image source: Nitednissanreno.
Converting the saved gasoline and diesel into oil barrels, Vietnam could save approximately 6.224 million barrels of oil by 2050.
At current international oil prices, the total saved import cost for Vietnam by 2050 would be about USD 498 billion. The transition to electric vehicles can also reduce Vietnam’s environmental damage costs due to local air pollution, with a reduction of USD 30 million by 2030 and USD 6.4 billion by 2050.
WB states that the emission reduction impact of transitioning to electric vehicles by 2030 will be modest, mainly because most electric vehicles during this period will be motorcycles.
By 2030, electric vehicles in Vietnam will mostly comprise motorcycles. Image source: Lộc Liên.
After 2030, especially from 2035 onwards, as the transition shifts from motorcycles to cars, trucks, and inter-provincial buses, the emission reduction impact will rapidly increase.
The gap is due to the limited transition to electric vehicles in long-distance heavy-duty segments, such as inter-provincial passenger cars and trucks, which is projected to be only 25-40%.
According to WB and IEA
Tons of Vietnam’s ‘White Gold’ Arrive in the US with a Hefty Price Tag and 7% Import Tax
Vietnam witnessed a significant surge in export prices for this particular product to the US market, with a remarkable increase of almost 30%.
The Great Exodus: Over 977 Civil Servants in Lang Son Request Early Retirement
As of May 2025, the northern province of Lang Son witnessed a significant development with 977 officials submitting early retirement requests, as per the Provincial Party Committee and the Department of Home Affairs. This development marks a notable shift in the region’s administrative landscape.
Crafting a Crypto Exchange: A Legal Framework Needed to Unlock New Capital for the Financial Markets
The government officials and business leaders agree that it is imperative to swiftly enact appropriate legal regulations to introduce crypto assets as a novel investment avenue into the economy.
Allow Private Investors to Build Social Housing Without Bidding from July 1st
With a new resolution in effect from July 1st, 2025, social housing and accommodation for armed forces projects will be allocated to investors without a bidding process. This streamlined approach is part of a pilot program that tests special mechanisms and policies to accelerate the development of much-needed social housing.
What’s Inside the Sky Retreat – The Unique ‘Among the Clouds’ Twin Towers at Eco Retreat?
“Sky Retreat is an innovative concept that seamlessly blends two beloved real estate genres: high-rise living and vibrant commercial spaces. This unique development at Eco Retreat presents a harmonious interplay of residential and retail, creating a compelling and attractive proposition for those seeking a dynamic yet tranquil lifestyle.”
