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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
03-Dec-2019
Latin America
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)
Popular Topics
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
| 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 |