Projected electric vehicle market size in South America 2022-2028
electric vehicle charging system market is forecast to similarly increase across Latin America, matching the demand and output for electric vehicles.
In 2022, the electric vehicles market in South America was valued at some 7.8 billion U.S. dollars. The market is tipped to grow by a compound annual growth rate of just under seven percent between 2022 and 2028, reaching 11.7 billion U.S. dollars in that latter year. Electric vehicles are still an emerging market in the region, but more governmental focus on sustainability is projected to propel its growth. The