Latin America: PHEV market share by brand

In 2022, nearly 41 percent of the plug-in hybrid electric vehicle sales volume in Latin America was comprised of Volvo-branded cars. The manufacturer was followed by BMW, which held nearly 24 percent of the market, and Mercedes-Benz, at around 11 percent.

Distribution of the Latin American plug-in hybrid electric vehicle sales volume in 2022, by brand

Characteristic	Market share
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Release date

August 2023

More information

Region

Central and South America

Survey time period

2022

Special properties

based on a September 2023 modelling.

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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