Development opportunities for electric vehicles
Opportunities are clear on all three axes: Products (vehicle model and operating distance), infrastructure (fast charging, battery exchange) and finance ( cost of ownership is gradually decreasing thanks to production scale and support policies). Data from the International Energy Agency (IEA) shows a strong upward trend in the heavy truck segment in the Global EV Outlook 2025 report, as many European and Asian markets recorded double-digit growth for electric trucks.
According to Reuters, China has been the strongest driver in recent times: Market reports and analysis show that new energy commercial vehicles have accounted for a large proportion of new sales, causing diesel consumption in some scenarios to be pushed back earlier than expected. Analysts say the rapid change in China - thanks to the large battery maker and strong supply chain - could lead to a global spillover effect.
Reuters also pointed out that global manufacturers have publicly announced a major target: Daimler Truck wants to achieve a large share of EV sales in Europe by the end of the decade and many other companies are offering a similar roadmap - a sign that the supply of electric trucks will increase sharply in the next few years. However, when the vehicle is ready, the problem is that the infrastructure must keep up, that is, the expansion of the fast charging network, the battery exchange solution and connection standardization will determine the conversion speed of transportation customers. To promote the acceptance of mass electric trucks, it is necessary to combine measures to reduce vehicle costs, support infrastructure and financial solutions for logistics businesses.
According to the Financial Times, a technology proof: CATL - a major battery manufacturer in China, predicts that the share of newly sold electric trucks in China could reach 50% by 2028 thanks to the rapid battery swapping model and cost advantage per kilometre. CATL leaders emphasized that as battery costs continue to decrease and technology is standardized, the operational benefits of electric vehicles (reduced fuel costs, maintenance) will become more obvious.
Interest in electric vehicles carrying goods increases
In Vietnam, although the market size of electric trucks is still small compared to passenger cars, signs of investment and testing have appeared. Domestic manufacturing enterprises and logistics service providers have begun testing light and medium commercial vehicles, while domestic manufacturers are stepping up the expansion of supply chains. The success of electric passenger vehicles has created confidence in domestic electrification production capacity, but heavy trucks still need a roadmap for infrastructure development and specific policies to stimulate investment.
Interest in electric vehicles for freight has also increased since VinFast launched the EC Van model, showing great potential for electric vehicles in the field of urban freight transport. This event not only marks the first step of domestic enterprises in the electric commercial vehicle segment, but also contributes to arousing the wave of investment and testing domestic electric trucks.
The wave of electric vehicles is shifting from " experimental" to "expanded" thanks to battery advances, emission reduction policy goals and economic pressure from fuel prices. However, achieving mass scale depends closely on three factors: Comprehensive ownership costs, strong enough charging/replacement infrastructure and financial tools/support policies to reduce risks for logistics businesses. If these three axes are addressed, the freight transport sector could see a leap forward in electrification in the next decade.
