EV sales get all the coverage, but EV manufacturing is as important (if not more) in the sustainability of this transition and the political will to support it. Latin America, despite its relatively small vehicle market, has a significant vehicle manufacturing base, be it because of the protection of the … [continued]
Chinese EVs started arriving early on in Latin America, if only by a trickle of old workhorses such as the BYD E6 (back when European EVs were nearly as affordable as the Chinese ones, and with much better design). Entering the mainstream took longer, and the first push to gain … [continued]
Much has been written about the BYD Shark, the stylish EREV pickup truck that will face one of the most established segments of the legacy auto industry in the developing world and Oceania … for now. But BYD is not the only player aiming for a piece of this lucrative … [continued]
A few months ago, coming from China, the new N18EV arrived into the Pacific Port of Buenaventura. After clearing all legal hurdles (which took a few weeks), it started its drive towards the Western Cordillera, reaching a peak of 2020 meters above sea level and going down the other side … [continued]
After years of EVs being priced well above their thermal competition, the arrival of a veritable armada of competitively priced EVs in Colombia (most, but not all, being Chinese) has resulted in the obvious consequence: people are buying them in droves. Record after record has been placed since October, with … [continued]
Latin America is Gogoro CEO Horace Luke’s last official function After opening shop in Bogota, Colombia, last May, Gogoro launched in Santiago, Chile, just last month. In both instances, the battery swapping and smartscooter company inked deals with fuel and lubricant companies — Tepel in Colombia and Copec in Chile. … [continued]
Whilst Latin America’s largest vehicle markets have been undergoing significant EV growth (we can already predict Brazil’s plug-in market share will surpass 5% in 2024 and Mexico’s will be above 2%) and several minor markets are showing meteoric growth (Costa Rica, Uruguay, and Colombia), this does not mean the entire … [continued]
Juan Diego Celemín Mojica just explained this well himself, but it was perhaps hidden a little bit under a headline about Colombia and various other details. This point is one that I’ve been waiting for, and we’ve seen the market building toward this with the expansion of BYD into more … [continued]
Colombia’s EV market is booming. As I said a couple months ago, we’re not only seeing significant YoY (year over year) growth (as we are in several other markets, including Costa Rica, Uruguay, Mexico, and Brazil), but we’re also looking at “bursts” of demand that lead to significant MoM (month … [continued]
Any of our readers who have been following my reports know that Latin America’s EV sales are rising. In some countries, they may not be growing as fast as we would wish; in others, they’re faster than we ever expected; but the trend remains clear regardless. Latin America’s* market amounts … [continued]
