Electric Vehicle Market in Latin America, Forecast to 2023 Updated Research Available
Brazil to Emerge Powerhouse Performer as Pilot Programs, B2B EV Fleets and B2C Vehicle Introductions Propel Regional Market Growth
05-Jan-2016
North America
Market Research
NFB2-01-00-00-00
AU01046-NA-MR_17118
The electric vehicle (EV) market in Latin America is set for growth toward 2023. Although a nascent market today, a number of activities around pilot programs, B2B EV fleets, and recent B2C vehicle introductions by OEMs are expected to propel the market toward the medium term. Regulations, discussions around incentives, and tax rebates are also likely to be realized in the short-to-medium term. This study analyzes select Latin American countries' current EV market structures and future landscapes. It offers market forecasts and scenario analyses and also discusses the infrastructure-readiness of the market (toward 2023) before concluding with the future outlook and the top predictions.
Executive Summary—Key Findings
Executive Summary—Unit Shipment Forecast by Country and EV Type
Executive Summary—Unit Shipment Forecast by Country
Executive Summary—Unit Shipment Forecast by OEM
Executive Summary—Unit Shipment Forecast by Country for Top OEMs
Executive Summary—LATAM Scenario Analysis EV Forecast
Executive Summary—EV/PHEV Introductions in LATAM
Snapshot of Tax Exemptions and Incentives for EVs in LATAM
Executive Summary—EV Charging Infrastructure Snapshot in LATAM
Executive Summary—Key Focus Cities in LATAM
Executive Summary—Market Attractiveness
Executive Summary—Key Findings and Future Outlook
Research Scope
Research Aims and Objectives
Key Questions this Study will Answer
Research Background
Research Methodology
Key OEM/Participant Groups Compared in this Study
EV Segmentation
Electric Propulsion Technology
EV Charging Overview—LATAM
Vehicle Segmentation
Overview of the Global Powertrain Market
Global EV Outlook—Unit Sales Scenario Analysis
Global EV Outlook—Sales Forecast by Region and Technology
Future Battery Chemistries’ Technology Roadmap
Li-ion Battery Capacity Analysis
Key Mega Trends Impacting LATAM Market Trends
Key LATAM Market Trends
Key Market Challenges for EVs in LATAM
LATAM EV Market—Stakeholder Overview
Argentina—Top-level Fact Sheet
Argentina—Regulatory Environment and Incentives
Argentina—Unit Shipment Forecast by OEM
Argentina—Scenario Analysis Forecast
Argentina—Scenario Analysis Forecast (continued)
Argentina—Infrastructure and Country-readiness
Argentina—Key Infrastructure Activities
Brazil—Top-level Fact Sheet
Brazil—Top-level Fact Sheet (continued)
Brazil—Regulatory Environment and Incentives
Brazil—Unit Shipment Forecast by OEM
Brazil—Scenario Analysis Forecast
Brazil—Scenario Analysis Forecast (continued)
Brazil—Infrastructure and Country-readiness
Brazil—Key Infrastructure Activities
Chile—Top-level Fact Sheet
Chile—Regulatory Environment and Incentive
Chile—Unit Shipment Forecast by OEM
Chile—Scenario Analysis Forecast
Chile—Scenario Analysis Forecast (continued)
Chile—Infrastructure and Country-readiness
Chile—Key Infrastructure Activities
Colombia—Top-level Fact Sheet
Colombia—Regulatory Environment and Incentives
Colombia—Unit Shipment Forecast by OEM
Colombia—Scenario Analysis Forecast
Colombia—Scenario Analysis Forecast (continued)
Colombia—Infrastructure and Country-readiness
Colombia—Key Infrastructure Activities
Mexico—Top-level Fact Sheet
Mexico—Regulatory Environment and Incentives
Mexico—Unit Shipment Forecast by OEM
Mexico—Scenario Analysis Forecast
Mexico—Scenario Analysis Forecast (continued)
Mexico—Infrastructure and Country-readiness
Mexico—Key Infrastructure Activities
EV Activities in Other LATAM and Caribbean Countries
EV Activities in Other LATAM and Caribbean Countries (continued)
BMW Group
Renault–Nissan Group
Mitsubishi Motors
Key Conclusions and Industry Implications
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
Learn More—Next Steps
Speak directly with our analytics experts for tailored recommendations.
Recent related Automotive research
06 Nov 2026 | Europe | Market Research
Strategic Analysis of Value Line Parts and Lubricants for MHCVs in Europe
This study provides an in-depth assessment of the European medium- and heavy-duty commercial vehicle (MHCV) value line parts and lubricants aftermarket from 2025 to 2030. The market is experiencing a period of rapid evolution as fleet operators face increasing pressure to reduce maintenance costs, e...
05 Nov 2026 | Global | Market Research
Shift to Affordable Cars, Global, 2025–2035
The global affordable passenger car market is undergoing significant transformation, driven by evolving consumer needs, regulatory pressures, urban mobility trends, and rapid advances in vehicle technology. This study examines the global affordable passenger car segment, defined as vehicles priced a...
04 Nov 2026 | Europe | Frost Radar
Frost Radar™: Public Transit Digitization and Ticketing in Europe, 2026
Europe’s public-transit fare systems are moving away from cash, paper tickets, and closed-loop cards. Riders now hold an account, and the system works out the best fare after the journey, whether they pay with a bank card, a phone, or an app. Three forces drive demand: aging equipment that needs rep...
04 Nov 2026 | Global | Frost Radar
Frost Radar™: Multimodal Perception Technology Ecosystem for Automotive and Robotics, 2026
Multimodal perception is transforming robotics and automotive systems by combining cameras, lidar, radar, event-based vision, and other sensing technologies through AI-driven sensor fusion. These advances enhance environmental perception, localization, and real-time decision-making. This Frost Radar...
03 Nov 2026 | Global | Market Research
Strategic Profiling of NVIDIA, Global, 2024–2032
This study evaluates NVIDIA's strategic position within the global automotive industry, examining the key growth drivers, competitive dynamics, and market developments shaping its automotive business. It explores NVIDIA's evolution from a semiconductor company to a full-stack AI platform provider, w...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.