Viet Nam - Recommendations to the National Roadmap and Action Plan for the Electric Mobility Transition

Public Disclosure Authorized Viet Nam: Recommendations to theNational Roadmap and Action Plan for the Electric-Mobility Transition Copyright 2024© International Bank for Reconstruction and Development / The WorldBank1818 H Street NWWashington DC 20433Telephone: 202-473-1000Internet:www.worldbank.org This work is a product of the staff of The World Bank with external contributions. Thefindings, analysis and conclusions expressed in thisdocument do not necessarily reflectthe views of any individual partner organization of The World Bank, its Board of Directors,or the governments they represent. Although the World Bank makes reasonable efforts to ensure all the informationpresentedin this document is correct, its accuracy and integrity cannot be guaranteed. Use of anydata or informationfrom this document is at the user’s own risk and under nocircumstances shall the World Bank or any of its partners be liable for any loss, damage,liability or expense incurred or suffered which is claimed to result from reliance on thedata contained in this document. The boundaries, colors, denomination, and otherinformation shown in any map in this work do not imply any judgment on thepart of TheWorld Bank concerning the legal status of any territory or the endorsement or acceptanceof such boundaries. RIGHTS AND PERMISSIONS The material in this work is subject to copyright. Because The World Bank encouragesdissemination of its knowledge, this work may be reproduced, in whole or in part, fornoncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed toWorld Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC20433, USA; fax: 202-522-2625; e-mail: pubrights@worldbank.org. CITATION Please cite the work as follows:Wang,B.,Rogate,C. (2024).Viet Nam:Recommendationsto theNational Roadmap andAction Plan for the Electric-Mobility Transition. Washington,DC., USA: World Bank. Cover page photo credits:Vietnam Tri Duong Photographer,NHIP CAU DAUTUBusinessNews,Cong Dat forVanet News. Contents Executive Summary......................................................................................................................................................................11.Context and Objectives........................................................................................................................................................82.Landscape for E-Mobility Transition in Viet Nam...............................................................................................................113.Multisectoral Governance for the E-Mobility Transition.....................................................................................................144.E-Mobility Transition Pathways Modelled..........................................................................................................................185.High Level of Readiness for a Rapid E-Mobility Transition among Two-Wheelers.............................................................226.Leapfrogging Opportunity for the Passenger Car Motorization with EVs...........................................................................277.Scaling-up Electrification of the Public Bus System..........................................................................................................328.Electrification of Inter-City Commercial Vehicles...............................................................................................................379.Impact of EV Charging to the Power System....................................................................................................................4210.Investment Requirements for the Power System..............................................................................................................5011.E-Mobility Transition and the Energy Security of Viet Nam...............................................................................................5512.Battery Demand from the E-Mobility Transition.................................................................................................................5613.Job Creation from E-Mobility Transition............................................................................................................................5814.Towards an Efficient Transition to E-Mobility....................................................................................................................5915.E-Mobility Transition and the 2050 Net-zero Target..........................................................................................................6216.E-Mobility Transition and Power Sector Decarbonization..................................................................................................6417.E-Mobility Transition and Local Air Pollution Reduction.................................................................