Analysis of the Latin American Electric Vehicle Market, Forecast to 2025

Analysis of the Latin American Electric Vehicle Market, Forecast to 2025

More than 114.7 Thousand HEVs, 23.3 Thousand BEVs and 20.3 Thousand PHEVs to be Commercialized in 2025

RELEASE DATE
03-Dec-2019
REGION
Latin America
Research Code: K3F9-01-00-00-00
SKU: AU01915-LA-MR_23792

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
AU01915-LA-MR_23792

$4,950.00

$3,712.50 save 25 %

DownloadLink

Pay by invoice

ENQUIRE NOW

Description

The years 2018–2019 represented an inflection point for the nascent Latin American market of electric vehicles (EVs). Local governments have incorporated into their agenda the notion of "electro-mobility"; utilities companies, amongst other players, are developing charging infrastructure projects across the region; and the number of xEV models made available on the market is gradually expanding across multiple countries led by various OEMs. From merely 23.4 thousand HEVs and 3.7 thousand BEVs + PHEVs commercialized in 2018, the Latin American market will grow to more than 114.7 thousand HEVs, 20.3 thousand PHEVs and 23.3 thousand BEVs in 2025. In this research service, Frost & Sullivan has analyzed the emerging market for hybrid vehicles, plug-in hybrids and fully electric vehicles in 9 Latin American countries (Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Paraguay and Uruguay).

Crucial factors impacting the market, distinctive trends, challenges and market growth opportunities for OEMs are discussed in depth. This study compares the different regulatory frameworks; public and private incentives; the impact of other potential competitive alternative powertrains in the region; the convergence between EV market and clean power generation potential in the region; the role of civil associations; major infrastructure projects in the region; and the rise of electric micro-mobility services. Key Latin American trends are analyzed, such as the rise of the electric bus market in more than 30 cities, electric taxi pilot tests, BEV fleets across the region, ICE-to-BEV retrofitting start-ups, EV carsharing initiatives, and local companies developing electric micro-cars and BEV related technology. Moreover, an in-depth analysis of each country e-mobility roadmap and forecast by technology is provided, including a discussion on existing regulations, available products in the market and infrastructure projects.

Key Issues Addressed

  • What is the current xEV market scenario in Latin American countries? Which players are currently active and what are the overall market sales by country and technology (HEV, PHEV and BEV)?
  • What is the current regulatory scenario regarding xEV incentives and their promotion in Latin American countries? Which countries present the most advanced legislations or pilot initiatives?
  • Are there any region-specific trends that may help understand how the EV market will develop in upcoming years (e.g., ICE-to-EV retrofitting initiatives or the e-bus market)?
  • How is the electromobility trend converging with other growing new mobility solutions and services being introduced in the region (e.g., carsharing or micro-mobility services)?
  • What’s the forecast market size for xEV technologies in Latin America towards 2025?

Author: Martin Singla

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Key Findings

Factors Impacting the Latin American Electromobility Market

Latin American Electromobility Market Trends Analyzed

Latin America—xEV Unit Sales Forecast by Technology

Latin America—xEV Parc Forecast

xEV Ecosystem in Latin America

Key Conclusions and Future Outlook

Research Scope

Research Aim and Objectives

Key Questions this Study will Answer

Research Methodology

Vehicle Segmentation

EV Definitions

Consolidation of Regulatory Frameworks and Private Initiatives

Consolidation of Regulatory Frameworks and Private Initiatives (continued)

Emission Standards and Other Alternative Powertrains

Cleaner Power Generation Policy and EV Market Convergence

Major EV Charging Infrastructure Projects

Civil Associations and NPOs

New Urban Mobility—Rise of Electric Micromobility in Latin America

Trend 1—Rise of Electric Bus Market and Prioritization of Public Transit

Trend 2—Electric Taxi Programs in Latin American Cities

Trend 2—Electric Taxi Programs in Latin American Cities (continued)

Trend 2—Electric Taxi Programs in Latin American Cities (continued)

Trend 3—BEV Fleets Across Latin America

Trend 3—BEV Fleets Across Latin America (continued)

Trend 4—Gradual Increase in xEV Offerings

Trend 4—Gradual Increase in xEV Offerings (continued)

Trend 5—Regional Automotive Industry and xEV Manufacturing

Trend 6—Locally Designed Fully Electric Micro-cars

Trend 7—ICE-to-BEV Retrofitting Start-ups Across Latin America

Trend 8—New Urban Mobility: BEV Carsharing in Latin America

Argentina—Electromobility Roadmap Highlights

Argentina—Regulatory Environment and Private Projects

Argentina—xEV Unit Sales Forecast by Technology

Argentina—xEV Parc Forecast

Brazil—Electromobility Roadmap Highlights

Brazil—Regulatory Environment and Private Projects

Brazil—xEV Unit Sales Forecast by Technology

Brazil—xEV Parc Forecast

Chile—Electromobility Roadmap Highlights

Chile—Regulatory Environment and Private Projects

Chile—xEV Unit Sales Forecast by Technology

Chile—xEV Parc Forecast

Colombia—Electromobility Roadmap Highlights

Colombia—Regulatory Environment and Private Projects

Colombia—xEV Unit Sales Forecast by Technology

Colombia—xEV Parc Forecast

Costa Rica—Electromobility Roadmap Highlights

Costa Rica—Regulatory Environment and Private Projects

Costa Rica—xEV Unit Sales Forecast by Technology

Costa Rica—xEV Parc Forecast

Ecuador—Electromobility Roadmap Highlights

Ecuador—Regulatory Environment & Private Projects

Ecuador—xEV Unit Sales Forecast by Technology

Ecuador—xEV Parc Forecast

Mexico—Electromobility Roadmap Highlights

Mexico—Regulatory Environment and Private Projects

Mexico—xEV Unit Sales Forecast by Technology

Mexico—xEV Parc Forecast

Paraguay—Electromobility Roadmap Highlights

Paraguay—Regulatory Environment and Private Projects

Paraguay—xEV Unit Sales Forecast by Technology

Paraguay—xEV Parc Forecast

Uruguay—Electromobility Roadmap Highlights

Uruguay—Regulatory Environment and Private Projects

Uruguay—xEV Unit Sales Forecast by Technology

Uruguay—xEV Parc Forecast

Growth Opportunity 1—Emerging New Mobility Business Models

Growth Opportunity 2—Countries of High Potential

Strategic Imperatives for Success and Growth

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Acronyms & Abbreviations

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
The years 2018–2019 represented an inflection point for the nascent Latin American market of electric vehicles (EVs). Local governments have incorporated into their agenda the notion of "electro-mobility"; utilities companies, amongst other players, are developing charging infrastructure projects across the region; and the number of xEV models made available on the market is gradually expanding across multiple countries led by various OEMs. From merely 23.4 thousand HEVs and 3.7 thousand BEVs + PHEVs commercialized in 2018, the Latin American market will grow to more than 114.7 thousand HEVs, 20.3 thousand PHEVs and 23.3 thousand BEVs in 2025. In this research service, Frost & Sullivan has analyzed the emerging market for hybrid vehicles, plug-in hybrids and fully electric vehicles in 9 Latin American countries (Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Paraguay and Uruguay). Crucial factors impacting the market, distinctive trends, challenges and market growth opportunities for OEMs are discussed in depth. This study compares the different regulatory frameworks; public and private incentives; the impact of other potential competitive alternative powertrains in the region; the convergence between EV market and clean power generation potential in the region; the role of civil associations; major infrastructure projects in the region; and the rise of electric micro-mobility services. Key Latin American trends are analyzed, such as the rise of the electric bus market in more than 30 cities, electric taxi pilot tests, BEV fleets across the region, ICE-to-BEV retrofitting start-ups, EV carsharing initiatives, and local companies developing electric micro-cars and BEV related technology. Moreover, an in-depth analysis of each country e-mobility roadmap and forecast by technology is provided, including a discussion on existing regulations, available products in the market and infrastructure projects.--BEGIN PROMO--

Key Issues Addressed

  • What is the current xEV market scenario in Latin American countries? Which players are currently active and what are the overall market sales by country and technology (HEV, PHEV and BEV)?
  • What is the current regulatory scenario regarding xEV incentives and their promotion in Latin American countries? Which countries present the most advanced legislations or pilot initiatives?
  • Are there any region-specific trends that may help understand how the EV market will develop in upcoming years (e.g., ICE-to-EV retrofitting initiatives or the e-bus market)?
  • How is the electromobility trend converging with other growing new mobility solutions and services being introduced in the region (e.g., carsharing or micro-mobility services)?
  • What’s the forecast market size for xEV technologies in Latin America towards 2025?

Author: Martin Singla

More Information
No Index No
Podcast No
Predecessor NFB2-01-00-00-00
Author Martin Singla
Industries Automotive
WIP Number K3F9-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9882-A6,9965-A6,9A57-A6,9AF6-A6