When comparing Vim vs Emacs, the Slant community recommends Vim for most people. In the question“What are the best programming text editors?” Vim is ranked 2nd while Emacs is ranked 8th. The most important reason people chose Vim is:
When compared to modern graphical editors like Atom and Brackets (which have underlying HTML5 engines, browsers, Node, etc.), Vim uses a sliver of the system's memory and it loads instantly, all the while delivering the same features. Vim is also faster than Emacs.
Specs
Ranked in these QuestionsQuestion Ranking
Pros
Pro Lightweight and fast
When compared to modern graphical editors like Atom and Brackets (which have underlying HTML5 engines, browsers, Node, etc.), Vim uses a sliver of the system's memory and it loads instantly, all the while delivering the same features. Vim is also faster than Emacs.
Pro Free and open-source software
Vim is open-source, GPL-compatible charityware.
Pro Works in terminal over SSH
Unlike other editors such as Sublime Text, Vim is a command line editor and hence can be used in remote development environments like Chromebooks via SSH.
Pro Extremely portable
Vi/vim exists on almost all Unix-like platforms. It's the de-facto Unix editor and is easily installed on Windows. All you need to make it work is a text-based connection, so it works well for remote machines with slow connections, or when you're too lazy to set up a VNC/Remote Desktop connection.
Pro Keyboard-based, mouse-free interface, and trackpad support
There's no need to reach for the mouse or the Ctrl/Alt buttons again. Everything is a mere key press or two away with almost 200 functions specifically for text editing. Vim does support the mouse, but it's designed so you don't have to use it for greater efficiency.
Versions of Vim, like gVim or MacVim, still allow you to use the mouse and familiar platform shortcuts. That can help ease the learning curve and you'll probably find you won't want to (or need to) use the mouse after a while.
Pro Great productivity
Vim's keyset is mainly restricted to the alphanumeric keys and the escape key. This is an enduring relic of its teletype heritage, but has the effect of making my ost of Vim's functionality accessible without frequent awkward finger reaches.
Pro Macros increase productivity
Many text editors have programmable macros, but since Vim is keyboard-based, your programmed macros are usually far more predictable and easier to understand.
Pro Excellent performance
As it loads the whole file into RAM, replacing all string occurrences in 100 MB+ files is quick and easy. Every other editor has sort of died during that. It is extremely fast even for cold start. Vim is light-weight and very compact. In terminal, it only uses a small amount of memory and anytime you invoke Vim, it's extremely fast. It's immediate, so much so you can't even notice any time lag.

Pro Tons of plugins/add-ons
This makes Vim the definitive resource for every environment (Ruby/Rails, Python, C, etc.), or simply just provides more information in your view.
Pro Everything is mnemonic
No need to memorize different key combinations for things like deleting the text inside of a block or deleting the text inside of a pair of quotes. It's just a series of actions, or nouns and verbs, or however you prefer to think about it. If you want to delete, you select "d"; if you want it to happen inside something, you select "i"; and if you want the surrounding double-quotes, just select ". But if you were changing the text, or copying it, or anything else, you'd still use the same "i" and ". This makes it very easy to remember a large number of different extremely useful commands, without the effort it takes to remember all of the Emacs "magic incantations", for example.
Pro Vimtutor
Vimtutor is an excellent interactive tutorial for people with no prior experience of Vim. It takes about 30 minutes to complete.

Pro Usable from a Terminal or with a GUI (GVim, MacVim)
If you happen to be logged into SSH, you can use Vim in a terminal. It can also run with a GUI too.
Pro Has been supported for a long time
And will be supported for many years to come.
Pro Once learned, it's very hard to forget
Vim's somewhat steep learning curve is more than made up for once you've mastered a few basic concepts and learned the tricks that allow you to program faster with fewer cut/paste mistakes.
Pro Can never outgrow it
The fact that very few, if any, people claim to be a "Vim Master" is a testament to the breadth and depth of Vim. There is always something new to learn - a new, perhaps more efficient, way to use it. This prevents Vim from ever feeling stale. It's always fresh.
Pro Flexible feature-set
Vim allows users to include many features found in IDEs and competing editors, but does not force them all on the user. This not only helps keep it lighter in weight than a lot of other options, but it also helps ensure that some unused features will not get in the way.
Pro Has multiple distinct editing modes
Interaction with Vim is centered around several "modes", where purpose and keybindings differ in each.
Insert mode is for entering text. This mode most resembles traditional text entry in most editors.
Normal mode (the default) is entered by hitting ESC and converts all keybindings to center around movement within the file, search, pane selection, etc.
Command mode is entered by hitting ":" in Normal mode and allows you to execute Vim commands and scripts similar in fashion to a shell.
Visual mode is for selecting lines, blocks, and characters of code.
Those are the major modes, and several more exist depending on what one defines as a "mode" in Vim.
Pro By default in Linux
All Linux distributions out there will have Vim built into them, which is highly convenient!
Pro Vim encourages discipline
If you use Vim long enough, it will rewire your brain to be more efficient.
Pro Useful undo features
Vim does not only offer unlimited undo levels, later releases support an undo tree. It eventually gives the editor VCS-like features. You can undo the current file to any point in the past, even if a change was already undone again. Another neat feature is persistent undo, which enables to undo changes after the file was closed and reopened again.
Pro Donations and support to Vim.org helps children in Uganda through ICCF Holland
Pro Built-in package management
Starting with Vim 8, a package manager has been built into Vim. The package manager helps keep track of installed plugins, their versions and also only loads the needed plugins on startup depending on the file type.
Pro If you can use Vim you can also use vi
Pro Works on Android
Pro Productivity enhancing modal paradigm
As with all vi-like editors, Vim provides a modal paradigm for text editing and processing that provides a rich syntax and semantic model for composing succinct, powerful commands. While this requires some initial investment in learning how it works in order to take full advantage of its capabilities, it rewards the user well in the long run. This modal interface paradigm also lends itself surprisingly well to many other types of applications that can be controlled by vi-like keybindings, such as browsers, image viewers, media players, network clients (for email and other communication media), and window managers. Even shells (including zsh, tcsh, mksh, and bash, among others) come with vi-like keybinding features that can greatly enhance user comfort and efficiency when the user is familiar with the vi modal editing paradigm.
Pro Asynchronous I/O support
Since Vim 8, Vim can exchange characters with background processes asynchronously. This avoids the problem of the text editor getting stuck when a plugin that had to communicate with a server was running. Now plugins can send and receive data from external scripts without forcing Vim to freeze.
Pro Can set up keymapping
Pro Multiple clipboards
It is called "registers".
Pro Status Booster
Using vim not just increase your productivity, but helps you flex.
Pro Keyboard-focused, mouse-free editing
Emacs can be controlled entirely with the keyboard. While true, I often find the mouse and menus handy for those lesser-used commands. An aide-memoir.
Pro Total customizability
Customizations can be made to a wide range of Emacs' functions through a Lisp dialect (Emacs Lisp). A robust list of existing Lisp extensions include the practical (git integration, syntax highlighting, etc) to the utilitarian (calculators, calendars) to the sublime (chess, Eliza).
Pro It's also an IDE
You can debug, compile, manage files, integrate with version control systems, etc. All through the various plugins that can be installed.
Pro Works in terminal or as a GUI application
You can use Emacs' command line interface or graphical user interface.
Pro Self documenting
Emacs has extensive help support built-in as well as a tutorial accessed with C-h t.
Pro Free
Licensed under GNU GPL.
Pro Great documentation
With 30+ years of use the Emacs documentation is very thorough. There are also a lot of tutorials and guides written by third parties.

Pro Vi keybindings through Evil mode
Evil mode emulates vim behaviors within Emacs. It enables Vi users to move inside the Emacs universe.
Pro Provides org-mode
Advanced planning and publication which can start as a simple list.
Pro Enormous range of functionalities (way beyond simple "text editing")
Through its programmability, a very broad range of functionalities can be integrated in emacs, turning it even into a "single point of contact" with the underlying operating system.
Pro Cross-platform
Works on Linux, Windows, Macintosh, BSD, and others.
Pro Integrates planning in your development process
You can jump straight from your org-mode files to programming tasks - and back - and build a seamless workflow.
Pro Versatile
Emacs is great for everything.
Pro Mini buffer
You can pass complicated arguments in the mini buffer.
Pro Ubiquity
Fully compliant GNU-emacs is available on many platforms, and they all understand .emacs configuration files.
Pro Rectangular cut and paste
Emacs can select rectangularly.
Pro Lisp customizations
With lisp customization, any behavior of Emacs can be changed. Update with pre-release patch can be also applied without recompiling the whole Emacs.
Pro Visual selection and text objects with Evil
Evil is an extensible vi layer for Emacs. It provides Vim features like Visual selection and text objects.
Pro dabbrev-expand (Alt-/)
Dynamic word completion.
Pro Support multi-line editing, multiple frame, powerful paren, crazy jumping style
Review the "Emacs Rocks" video.
Pro Has been widely used for a long time
The first verion of Emacs was written in 1974 and GNU Emacs in 1984.
Pro Helm plugin adds even more power to Emacs
Powerful commands, search, and more with the Helm plugin.
Pro GTK+ widgets support
Since version 25 you can run GTK widgets inside Emacs buffers. One of these is the WebKitGTK+, which allows the user to run a full-featured web browser inside Emacs with JavaScript and CSS support among other things.
Pro Excelent tutorial to get you started
The tutorial you are presented with at startup shows you exactly what you need to get started and teaches you how to use the built-in help yourself later.
Pro Interactive Shells
Emacs has a number of shell variants: ansi-term, shell, and eshell.
Pro Emacs provides magit, the best and most complete GIT interface
Complex git history editing become a breeze with very few keystrokes. And simple ones are quickly stashed in muscle memory. Git becomes an direct extension of your brain thanks to Magit. Cherrypicking, blaming, resetting, interactive rebasing, line level commit, spinoff branches... you name it, magit already has it and has typically all those 5 to 10 git CLI commands of higher-level patterns also tide to one simple shortcut (want to amend a commit three commits away ? forgot to branch out and you've got already N commits on master
? ... etc... ).
Pro Gnus
Managing several large mailing lists has never been easier using Gnus. The threading commands and the various ways of scoring articles means that I never miss important messages/authors, etc. A joy to use.
Pro Eshell is cross platform
You can use the underlying operating system shell as a terminal emulation in an Emacs buffer. Don't like the default shell for your configuration? You can change it to your liking.
Pro Excellent Lisp editing support
Built-in packages make editing Lisp source code feel natural.
Pro Use-package and org-mode
Missing some neural package that predicts actions, maybe in the next release ...
Cons
Con High effort to customize
A lot of time and effort is put in to make it specific to your needs.
Con Difficult learning curve
You'll spend a lot of time learning all the commands and modes supported in Vim. You'll then spend more time tuning settings to your needs. Although once it's tuned to your needs, you can take your .vimrc
to any machine you need and have the same experience across all your computers.
Con Difficult to copy, paste, and delete
Con Poor support for external tooling
Many plugins depend on optional Python and Lua features, which may or may not be included in whatever binaries are available for your system. And without platform-specific hacks, it is difficult for plugins to operate in the background or use external tooling.
Con Poor feature discoverability
Though basic features like syntax checking, autocompletion, and file management are all available out of the box or with minimal configuration, this is not obvious to new users, who might get intimidated or assume they need to install complex plugins just so they can have this functionality. Other features new users might expect to find embedded in Vim, such as debugging, instead follow a UNIX-style model where they are called as external programs, the output of which might then be parsed by Vim so it can display results. Users not familiar with this paradigm will likely fault Vim for lacking those features as well.
Con No smooth scrolling
Even with the GUI version, the lines jiggle line-by-line. If you are used to smooth scrolling, this is very annoying, especially when working with larger files.
Con Doesn't play nice with the system cut/paste mechanisms
This can be worked around somewhat if you disable mouse for insert mode. You can then right-click your terminal and use paste like you would anywhere else in a terminal.
But it still doesn't feel right when the rest of your system uses Ctrl-C/Ctrl-V, and you have a system clipboard manager, and so forth.
Con Outdated UI
Con Requires Brain Mode Switching
When editing in vim, you have you use the vim keys; when editing in every other window on your PC, or in Word or Excel or other application, you need to use the standard system key combinations. Learning the vim combinations can actually make you SLOWER at everything else.
Con Slow when opening files with very long lines
A lot of very long lines can make Vim take up to a minute to open files, where a few other editors take only seconds to load the same file.
Con Consume brain energy for editing that should be used for logic
Text editing in vim is awesome, but it requires thinking about combination of commands. In other editors, you don't have to think about how to delete this part of code. You just think about how to implement a feature, what is a good design for this code. Even after you get used to using vim, it still requires your brain for editing.
Con Foreign keyboards have a hard time on Vim out of the box
A lot of frequently-used keybinds are way harder to access on foreign keyboards because they use different layouts.
For example, Germans use the QWERTZ layout, while French use the AZERTY.

Con Unintuitive mode switching
Con Extensibility isn't that great
While it has gotten better and some projects are slowly starting to build proper extension support, it still can't and by design never will achieve the extensibility of another editor like emacs.
Con Works poorly out of the box with right-to-left
Con Learning curve is long
While it's better than it used to be, with most functions being possible through the menu, Emacs is still quite a bit different from your standard editor. You'll need to learn new keyboard shortcuts.
Con Sometimes the extensibility can distract you from your actual work
If I ever want to lose half a day, I'll start by tweaking my .spacemacs config file.
Con Keyboard combinations can be confusing for new users
For example, for navigation it uses the b, n, p, l keys. Which for some people may seem strange in the begging. However they can be changed easily.
Con Documentation is not beginner-friendly
Although lots of good built-in documentation _exists_, I have after four years of Emacs as my primary editor not figured out how to actually make use of it, and rely completely on Google / StackOverflow for help.
Con User interface is terrible
I was using Emacs in the early 1980's, before there were GUIs. In fairness to Emacs, its original design was conceived in that context and is rather good at some things, like flexible ability to bind commands to keyboard shortcuts. Unfortunately, it didn't keep up with the times and fails to take advantage of the entire world of GUI design that's revolutionized computer science since then. So Emacs does 5% or what an editor should do quite will, and is surprisingly under-powered and old fashioned at the other 95%. To this day, it lacks or struggles with very basic things, like interactive dialogs, toolbars, tabbed interface, file system navigation, etc., etc. The things I just mentioned, are all present in some limited and inept form, but falls far short of current standard of good user interface design. For this reason, I would not recommend Emacs to anyone who is under 50 year old, or who needs power user capabilities. For casual, unsophisticated applications by someone who grew up with green screen character based computers, it's probably OK.
Con Emacs lisp is very poorly designed
The language that's used for user customization, extensions, and for much of the basic editor functionality, is Emacs lisp, or elisp for short. I actually like lisp in general, especially Scheme, but unfortunately, elisp is one of the worst versions of lisp ever created, barely meriting being called lisp. It's very slow, impoverished in features, inconsistent, and rather inelegant in design. Elisp needed to be overhauled 20 or 30 years ago, but the Emacs developers were not willing to do the work. I believe this is one of the major reasons Emacs is so buggy, lacking in features, development is so slow, and consequently almost nobody uses it (or should use it) anymore.
Con Very poorly maintained
It's not clear to what extent Emacs is still supported. There's still some development taking place, but so slow that it's almost an abandoned project. There are numerous bugs in Emacs, many these days associated with start up and package management. When you search the Internet for solutions, you often find many posts, sometimes going back months or even years, with no clear fix.
Con Hard customization
For customization, you need to learn Lisp.
Con A lot of jokes in this serious software
Con Using Emacs on a new machine without your .emacs file
