According to the report published by Bonafide Research under the title ‘ Latin America Electric Vehicle Market Outlook, 2025,’ the region accounted for a market of USD 0.091 Billion in the year 2014, which is expected to grow over a market value of USD 1.40 Billion by the end of the forecasted period. The region contributes the least to the global market with a share of less than 1% over the period. In the recent past, factors such as achieving energy efficiency by reducing emissions, the need for addressing future energy requirements have made the OEMs start producing electric vehicles in the region. The demand for electric trucks in the Latin America region has been increasing, with the commercial vehicle segment expected to contribute to over 25% in the forecasted period.
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The region has seen numerous e-taxi and e-bus, fleet acquisition targets by logistics and utility companies, local design and manufacturing of fully electric micro-cars, car sharing, and car rental services in Mexico, Brazil, and Argentina. The PHEV segment has been ruling the market with Mexico and Brazil stand out as leaders with the most charging stations, dominated by the normal charging stations with a share of 96.11% in 2019. While the BEV segment is anticipated to reach over USD 0.50 Billion by the end of the forecasted period, the PHEV segment was recorded with a market value of USD 0.30 Billion in the year 2019.
Brazil held a value share below 10% in the year 2014, grew up to 28.26% by the end of 2019. Colombia and Costa Rica have comprehensive electric mobility laws in force, and there are several others with initiatives underway for the formulation of similar legal instruments. Tax measures taken by various national governments in Latin America are important tools that have helped in fuelling the demand for EVs in the region, leading to technological breakthroughs, which have further propelled the market growth. Electronic vehicles are more economical when compared to conventionally use fuel-based vehicles. The hike in the prices of petroleum products worldwide has limited their supply.
Few players such as Hyundai Motor Company, Kia Motors Corporation, BYD Auto, BMW Group, and Groupe Renault dominate the Latin America Electric Vehicles Market. The market for electric vehicles is characterized by both established companies and small start-ups. There are also numerous regional players currently focusing on specific geographies.
Companies Mentioned:
Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company BYD Company Motors, Ford Motor Company,
CONSIDERED IN THE REPORT
• Geography: Latin America
• Base year: 2019
• Historical year: 2014
• Forecasted year: 2025
REGIONS COVERED:
• Latin America
• Brazil
• Chile
• Argentina
• Colombia
•
The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. In addition, the market is studied in detail with respect to the different types of the excavators and its purposes regionally.
ASPECTS COVERED IN THE REPORT
• Market Size By Value for the time period (2014-2025F)
• Market Size By Volume for the time period (2014-2025F)
• Market Share by Vehicle Type (Passenger & Light Commercial)
• Market Share by Propulsion Type (BEV & PHEV)
• Market Share by Sales Channel (2020 & 2026F)
• Market Share by Charging Type ( Normal & Fast)
• Market Share by Country
Key Points Covered in this report:
• Market Evolution through value and volume CAGRs at different verticals
• Detailed discussion on the market dynamics that influence the market and the possible opportunities
• In sights on the market leader’s performance including market shares, strategies, products, financial positions, etc
This report would help you answer the following questions:
1. What is the market size and forecast of the Latin America Electric Vehicle Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Latin America Electric Vehicle Market during the forecast period?
3. Which region outstands in the Latin America Electric Vehicle Market?
4. Which are the segments to invest in over the forecast period in the Latin America Electric Vehicle Market?
5. What is the competitive strategic window for opportunities in the Latin America Electric Vehicle Market?
6. What are the technology trends and regulatory frameworks in the Latin America Electric Vehicle Market?
7. What are the major company in the Latin America Electric Vehicle Market?
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TABLE OF CONTENTS
1 Executive Summary
2 Report Methodology
3 Global Electric Vehicle Market Outlook
3.1 Market Size
3.1.1 By Value
3.1.2 By Volume
3.2 Market Share
3.2.1 By Vehicle Type
3.2.2 By Propulsion Type (BEV & PHEV)
3.2.3 By Charging Type
3.2.4 By Vehicle Class
3.2.5 By Region
3.2.6 By Country
3.2.7 By Company
3.3 Global BEV Market Outlook
3.4 Global PHEV Market Outlook
4 Latin America Electric Vehicle Market Outlook
4.1 Market Size
4.1.1 By Value
4.1.2 By Volume
4.2 Market Share
4.2.1 By Vehicle Type
4.2.2 By Propulsion Type (BEV & PHEV)
4.2.3 By Charging Type
4.2.4 By Country
4.3 Latin America BEV & PHEV Market Outlook
4.3.1 By Value
4.3.2 By Volume
4.4 Brazil Electric Vehicle Market Outlook
4.4.1 Market Size
4.4.2 Market Share
4.5 Chile Electric Vehicle Market Outlook
4.5.1 Market Size
4.5.2 Market Share
4.6 Argentina Electric Vehicle Market Outlook
4.6.1 Market Size
4.6.2 Market Share
4.7 Colombia Electric Vehicle Market Outlook
4.7.1 Market Size
4.7.2 Market Share
5 Market Dynamics
5.1 Key Drivers
5.2 Key Challenges
6 Market Trends and Developments
6.1 Electrification in Heavy Commercial Vehicle Segment
6.2 E-Car Rental Programs
6.3 Income Generation across the Life Cycle of a vehicle
6.4 Omnichannel Approach
7 Competitive Landscape
7.1 Porter’s Five Forces
8 Company Profile
8.1 Beijing Automobiles Industry Holding Corporative limited
8.2 Bentley Motors Limited
8.3 BMW Group
8.4 BYD Company Motors
8.5 Daimler AG
8.6 Ford Motors
8.7 General Motors
8.8 Hyundai
8.9 Nissan Motor
8.10 SAIC
8.11 Tesla
8.12 Toyota Motor Corporation
8.13 Volkswagen
8.14 Zhejiang Geely
9 Strategic Recommendations
10 Disclaimer
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