The Automotive Park of light electric vehicles tripled in Latin America and the Caribbean for 2024 after 154,966 units registered at the end of 2023 to 444,071 cars in December 2024, according to data released this Friday by the Latin American Energy Organization (OLADE).
This figure represents an interannual 187% growth in light battery and plug -in hybrid electric cars, the organization said.
He added that this increase is due in large part to a 78% increase in the integration of these vehicles during the second half of the year compared to the first.
Brazil and Mexico are the countries that stand out in the development of public load infrastructure. In the case of Brazil, in 2023 it had 1,876 load stations and increased to 12,700 at the end of 2024, an increase of 577%, while Mexico went from 1,340 to 3,212 in the same period, an increase of 140%.
Both countries represent approximately 86% of the load infrastructure in the region, the OLAD said in a press release.
The 2024 figure represents almost 0.7% of the world electric vehicle and 0.3% of the total light vehicle of Latin America and the Caribbean.
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In addition to the growth that the sector recorded last year, the OLAD says that sales have also accelerated in the first quarter of 2025.
In this period, “all countries report positive growth in sales of electric vehicles.” “Colombia stands out with a growth almost quadruplying the sales of battery cars, followed by Uruguay,” said the Olade.
Brazil and Mexico continue to lead in terms of absolute volume of battery car sales and plug -in hybrids.
“These advances are produced in a global context where China remains the market leader, with more than 49 million electric vehicles in circulation and 47.9% fee in new car sales in 2024, consolidating itself as the main producer and exporter,” said the organization.
This situation, he added, directly influences the region, since most imported electric vehicles come from China.
“Despite the positive results, there are still challenges such as the high relative cost of vehicles, the insufficient load infrastructure and the limitations in autonomy, which countries are approaching progressively,” he said.
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The OLADE, based in Quito, is an agency of cooperation, coordination and technical advice of a public and intergovernmental nature, which since 1973 seeks to promote the integration, conservation, rational use, commercialization and defense of the energy resources of the region.
Its members include Argentina, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Ecuador, El Salvador, Granada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Peru, Dominican Republic, Surinam, Trinidad and Tobago, Uruguay and Venezuela.
With EFE information
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