How many electric vehicle charging stations does Vietnam have?

KPMG and Cho Tot Xe conducted a survey of 1,106 people from many provinces and cities, 73% of whom belonged to the young and middle-aged group (from 25 to 44 years old). The majority of respondents (43%) have a monthly income of less than 20 million VND; The group with income from 40 million VND per month or more accounts for a total of 26.9%, including 11.3% with income from 40 to 60 million VND, and 15.6% with income over 60 million VND monthly.

This survey was conducted with 50% of people living in Ho Chi Minh City – the majority, followed by Hanoi with 18%, and Da Nang with 4%; 70% of respondents were male; and up to 57% are mental workers.

One of the conclusions of the survey is that charging station coverage is the most important factor for Vietnamese consumers. With the question “How do the following factors impact the decision to buy an electric vehicle?”, Vietnamese consumers rated the factor “Popularity of charging stations” as having the highest score, with 4.04 points.

With the question “What are the factors that influence the decision not to buy an electric car?”, respondents will choose the 3 most suitable answers. Survey results show that the biggest impact factor is “Charging stations do not cover a wide enough area” with 18%.

Following that answer, factors such as “Limited distance per charge” and “Long charging waiting time” are all issues that users are concerned about, accounting for 17%. The remaining answers are environmental, after-sales, ownership costs… accounting for insignificant amounts.

Which business has the largest charging station coverage in Vietnam?

As of December 2023, VinFast has developed a charging station system with more than 150,000 charging ports for electric motorbikes and electric cars, spreading across 63 provinces and cities in Vietnam, present on 106 national highways and expressways, reaching a density of about 3.5 km in 80 cities across the country. Stations often include charging ports of varying capacities, from normal to super fast.

Even a car owner once expressed his surprise when at the Tam Dao tourist area (Vinh Phuc) there was only an electric car charging station and no gas station.

Besides VinFast’s existing charging station infrastructure, Mr Pham Nhat VuongChairman of Vingroup, announced the establishment of V-GREEN Global Charging Station Development Company – the unit that plays the role of partner in developing the global charging station network for VinFast.

In Vietnam, V-GREEN plans to invest an additional 10,000 billion VND in the next 2 years to build and upgrade the charging station system. The picture of charging stations in Vietnam will thus become more and more complete.

For other brand electric vehicles, you can charge slowly with a household power source, charge quickly at home with a power pole provided by the company, charge quickly at a pole located at a dealership, or use charging services from independent providers. .

Independent charging station brands emerge

Evercharge has 19 charging points, including 8 points in the North, 5 points in the Central region, and 6 points in the South. There are 1-2 charging posts at each point, some places are equipped with 5-10 charging posts. Only a few are equipped with DC fast charging.

EV One has 24 charging points, including 3 points in the North, 5 points in the Central region, and 16 points in the South. In particular, Audi dealerships in the North and South are equipped with this company’s DC fast charger.

Charge+ has 350 kW DC fast charging stations at Porsche dealerships in Ho Chi Minh City and Hanoi. It is expected that in the near future, Porsche will deploy 17 more DC charging points spanning over 1,700 km in Vietnam.

In August 2024, PV Power – PetroVietnam Electricity Corporation announced the start of developing an investment plan to install and expand the charging station system to expand its scale and business operations.

PV Power’s first pilot electric vehicle charging station will be located on Huynh Thuc Khang Street, Hanoi. The total investment cost of the project is about more than 1.8 billion VND. The fast charging station has a total capacity of 100-120kW. The station area is about 30-35m2. The charging station includes 2 vertical charging stations, equipped with 2 charging ports with a capacity of 50-60kW/charging port.

According to information from this business, charging revenue is calculated based on estimated charging output and expected charging unit price divided into 3 unit prices according to off-peak, normal and peak hours. In there, The average charging unit price is expected to be about 3,858 VND/kWh equivalent to the charging station operated by VinFast and lower than some other 3rd party units.

Initially, PV Power will build a pilot charging station, then there will be a basis for building an investment plan to install and expand the charging station system.

In the region, as of March 20, 2024, a total of 2,214 electric vehicle charging stations have been installed across the country. Malaysia . The country’s Ministry of Investment, Trade and Industry maintains its commitment to infrastructure development and achieves the target of 10,000 charging points by 2025, news agency Bernama said.

According to Thaiger , Thailand with the participation of many independent electric vehicle charging station investors. EA Anywhere is the leading EV charging station in Thailand, operated by Energy Absolute, with over 100 charging stations across Thailand.

PTT EV Station Pluz is operating about 50 charging stations, with plans to expand. MEA EV has 11 service points and 2 additional service points. 42 EGAT charging points nationwide.

It is not mandatory to install an app to charge electric vehicles in Thailand, many charging networks have apps that can locate charging stations, check availability and initiate charging sessions.