Latin America: electric vehicle revenue forecast by propulsion type 2016-2028

Published by Statista Research Department, Feb 13, 2024

Battery electric vehicle revenue in Latin America is expected to reach 2.76 billion U.S. dollars in 2028, up from just over one billion U.S. dollars in 2022. In contrast, plug-in hybrid electric vehicle revenue is forecast to have a slower growth.

Forecast electric vehicle revenue in Latin America between 2016 and 2028, by propulsion type (in million U.S. dollars)

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Sources

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Release date

September 2023

Region

Central and South America

Survey time period

2016 to 2022

Special properties

based on a September 2023 modelling which takes into account the market impact of Russia's war on Ukraine.

Supplementary notes

The Electric Vehicles segment includes information about electric vehicles in countries where, according to our sources, a public electric vehicle charging infrastructure is already available. In this context, “public” means that people have unrestricted access to the charging infrastructure. A vehicle can be defined as electric if it is self-contained with a battery or classified as a plug-in hybrid. All key figures shown represent the sales of new cars, and their basic configuration in the respective year. The figures do not include the sale of used vehicles nor adapted equipment for the new cars sold. The prices and revenues shown are accordingly based on the basic models.

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Statistics on " Electric vehicles in Latin America "

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Other statistics that may interest you Electric vehicles in Latin America

Overview

7

Segments

8

Companies

8

Special focus on charging infrastructure

8

Outlook

6

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Topics

Electric vehicles in Latin AmericaAutomotive industry in Latin AmericaAutomotive industry in MexicoAutomotive industry in ColombiaAutomotive industry in Argentina
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