VietNamNet Bridge – Automobile manufacturers believe that
despite the great advantages, electric cars would not be favored in Vietnam in
the near future.
Russian automobile manufacturer
Yo Auto is going to sign a cooperation agreement with a Vietnamese partner on
building a factory specializing in making electric cars.
This seems to be the only piece
of good news these days, when domestic automobile manufacturers repeatedly
complain about the slow sales and warn about the possible leave of the “big
guys” from Vietnam.
Dat Viet has quoted its sources
as saying that Yo Auto would team up with the Vietnamese partner to set up a
joint venture to build a factory specializing in making Yo Mobile electric
hybrid cars.
The factory is expected to have
the capacity of 100,000 cars a year. The investment plan was initially planned
to be inked in May 2012, but the signing has been delayed until early 2013
because of some reasons.
However, operational automobile
manufacturers seem to keep indifferent to the information, believing that it’s
now not the right time for developing electric cars in Vietnam, even though
these cars have great advantages. Especially, the cars use clean fuel, do not
cause noise and do not cause pollution to the environment.
Pham Anh Tuan, a senior executive
of Toyota Vietnam, thinks that it’s a bit too early to invest in the electric
car technology development now, even if the government of Vietnam offers
investment incentives to the “clean vehicle manufacturers.”
However, Tuan believes that the
Russian investor has his reasons to move ahead with the hybrid car project.
“I believe that Yo Auto plans to
make cars in Vietnam to export to other countries, not to consume in the
domestic market,” Tuan said. “The output of 100,000 cars a year announced by
the manufacturer, once again, affirms my prediction.”
Analysts have also thought that
the Vietnamese market is too small for automobile manufacturers. Over 20
automobile corporations have been operational in Vietnam – the small market
which consumes only 120,000 cars a year. Especially, the sales in 2012 are
believed to decrease to 80,000 cars due to the economic difficulties which have
forced people to cancel the plans to buy luxurious items.
Therefore, the manufacturers
setting up production bases in Vietnam would not target the Vietnamese market.
In order to develop the vehicles
running with clean fuel, Vietnam needs to have a good infrastructure system.
Electric cars need to have the battery charged regularly, while there has been
no charging station so far.
The biggest outstanding feature
of electric cars is that they friendly to the environment. However, this is not
an important factor Vietnamese people would consider when choosing cars. To
date, Vietnamese people still favor petrol-run motorbikes, even though the
petrol price has been increasing. Electric bicycles and electric motorbikes
have been available in Vietnam for a long time, but they have been selling very
slowly.
When asked about the prospect of
the clean fuel vehicle production in Vietnam, Tuan said that only if the
government gives support, will the production be able to develop.
Existing automobile manufacturers
can absolutely make investments to make electric cars, because investments
needed for an electric car manufacturing factory would not be higher than the
investment capital for petrol-run car factory. However, it will be impossible
if only one enterprise comes forward and makes electric cars. One manufacturer
alone will never be capable to build charging stations nationwide.
Source: Dat Viet
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