Features and prospects of the electric vehicle in the Vietnamese automobile market

In this scientific paper, the author attempts exploring the notable features and the prospects for the advancement of the electric vehicle in the Vietnamese automobile market. The need for utilizing electric vehicles, the challenges associated with the development and marketing of them, and advantages for the Vietnamese market are broke down in detail. An analysis of reliable data showed that in recent years, the automotive industry in Vietnam has developed quickly. Vietnam has many advantageous conditions for development and success in the electric vehicle market. However, to rapidly effectively execute the strategy of electric vehicles, more preferential policies of the Vietnamese government are required and it is necessary to build close relationships with the world's automobile manufacturers.