This $7,200 EV Makes a Fiat 500e Look Huge – And VinFast Might Bring It West

VinFast is looking for new markets as car prices continue to rise. The company has hinted that its tiny VF 2 electric car could eventually be sold in Europe and the United States, although there are no confirmed plans yet.

The VF 2 is currently sold in Vietnam for 188 million dong, or about $7,214. VinFast describes it as roughly the price of a premium motorcycle. Despite the low price, the two-door, four-seat EV comes with air conditioning, LED headlights, a 7-inch display, and 13-inch alloy wheels. Safety equipment includes a driver’s airbag, ABS and traction control.

At 121.7 in long, 58.9 in wide, and 65.5 in tall, the VF 2 is extremely compact. Its 81.3-in wheelbase is also short, and the car is more than 21.3 in shorter than the Fiat 500e. VinFast sees this size as a good fit for short urban trips, especially for people who usually drive alone.

The powertrain is modest. An 18.3 kWh battery supplies a rear-mounted electric motor producing 40 hp and 48 lb-ft of torque. The car has an NEDC range of up to 130 miles, while a 24 kW DC charger can take the battery from 10 to 70 percent in around 34 minutes. Top speed is limited to 50 mph.

VinFast says the microcar market is starting to attract attention again, pointing to models such as the Citroën Ami and Fiat Topolino. The company also sees a connection with the growing use of golf carts in residential communities, where small vehicles are increasingly being used for local transportation.

There is still a long way between that idea and an international launch. VinFast Canada said the company has not announced plans to sell the VF 2 in North America or Europe but added that such a move would not be out of place. With average new-car prices in developed markets now exceeding $50,000, VinFast clearly sees room for a much cheaper alternative.

Whether the VF 2 could actually meet European or American regulations remains unanswered. For now, the tiny EV remains a Vietnam-only model.