Battery electric vehicle revenue in Brazil is expected to reach 952.8 million U.S. dollars in 2028, up from just over 361 million U.S. dollars in 2022. In contrast, plug-in hybrid electric vehicle revenue is forecast to have a slower growth, reaching 283.4 million U.S. dollars in 2028.
Forecast electric vehicle revenue in Brazil between 2016 and 2028, by propulsion type
(in million U.S. dollars)
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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Statista. (September 1, 2023). Forecast electric vehicle revenue in Brazil between 2016 and 2028, by propulsion type (in million U.S. dollars) [Graph]. In Statista. Retrieved October 14, 2024, from https://www.statista.com/statistics/1428902/brazil-ev-revenue-forecast-by-propulsion-type/
Statista. "Forecast electric vehicle revenue in Brazil between 2016 and 2028, by propulsion type (in million U.S. dollars)." Chart. September 1, 2023. Statista. Accessed October 14, 2024. https://www.statista.com/statistics/1428902/brazil-ev-revenue-forecast-by-propulsion-type/
Statista. (2023). Forecast electric vehicle revenue in Brazil between 2016 and 2028, by propulsion type (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 14, 2024. https://www.statista.com/statistics/1428902/brazil-ev-revenue-forecast-by-propulsion-type/
Statista. "Forecast Electric Vehicle Revenue in Brazil between 2016 and 2028, by Propulsion Type (in Million U.S. Dollars)." Statista, Statista Inc., 1 Sep 2023, https://www.statista.com/statistics/1428902/brazil-ev-revenue-forecast-by-propulsion-type/
Statista, Forecast electric vehicle revenue in Brazil between 2016 and 2028, by propulsion type (in million U.S. dollars) Statista, https://www.statista.com/statistics/1428902/brazil-ev-revenue-forecast-by-propulsion-type/ (last visited October 14, 2024)
Forecast electric vehicle revenue in Brazil between 2016 and 2028, by propulsion type (in million U.S. dollars) [Graph], Statista, September 1, 2023. [Online]. Available: https://www.statista.com/statistics/1428902/brazil-ev-revenue-forecast-by-propulsion-type/
