Home to the largest and most competitive auto industry in Latin America, Mexico was a latecomer to the electrification race, presenting marginal EV sales until late 2021 (with sub-0.1% BEV market share). Back then, this was a PHEV-focused market, with plug-in hybrids at least able to make some presence, and … [continued]
An interesting development is underway in developing countries, and it’s most visible right now in Latin America. Latin American nations, by and large, lack the means and resources to promote EVs like the US, Europe, and China have done. At best, we have some benefits regarding transit in restricted times … [continued]
After the first part of our report (which, admittedly, was a bit underwhelming), we’re finally getting to the countries where EVs are moving fast! If you wish to read the first part of this report, you can find it here: Latin America 2023 EV Sales Report, Part 1: The Laggards (Argentina, … [continued]
