VinFast and Green SM build better transport system with electrification

Europe has spent over a decade accelerating the transition to electric mobility, with electric vehicles (EVs) now becoming commonplace across the continent. As electrification moves from ambition to reality, a new question arises: How can Europe build a transportation system that is not only cleaner but also better for the people who rely on it daily?

According to the European Automobile Manufacturers' Association (ACEA), battery electric vehicles (BEVs) constituted 17.4% of all new passenger car registrations in the European Union in 2025. The International Energy Agency (IEA) also identifies Europe as one of the world's most advanced EV markets.

After years of investment, electrification is becoming a common foundation rather than a competitive advantage. Consumers are increasingly judging mobility services not just by what they ride in, but by convenience, reliability, accessibility, and how seamlessly different transport modes work together. While electrification lays the groundwork for sustainable mobility, the quality of the transportation system ultimately determines the quality of urban life.

A better transportation system requires more than a single solution. The European Commission's New EU Urban Mobility Framework promotes multimodal mobility, integrating public transport, ride-sharing, cycling, and walking into a cohesive system. This vision influences corporate strategies, such as Vingroup's approach to building an integrated mobility ecosystem connecting VinFast EVs, electric buses, charging infrastructure, and Green SM mobility services.

Competition within the mobility sector incentivizes improved service quality and technological investment. New entrants push the industry to innovate and offer better products and services, benefiting consumers and supporting broader societal goals of green and digital transitions.