By the end of 2024, the number of light electric vehicles in Latin America and the Caribbean reached 444,071 units, representing an almost threefold increase compared to the end of 2023.
The transition to electric mobility in the region is advancing rapidly, according to the latest technical note, “Electric Mobility in Latin America and the Caribbean. 2024 Figures,” from the Latin American and Caribbean Energy Organization (OLACDE). During 2024, the fleet of light electric vehicles grew by 187%, rising from 249,079 to 444,071 electric cars (BEV and PHEV). This notable growth is largely due to a 78% increase in electric vehicle uptake during the second half of the year compared to the first.
Brazil and Mexico stand out in the development of public charging infrastructure. In Brazil’s case, the country had 1,876 charging stations in 2023, rising to 12,700 by the end of 2024. Mexico, for its part, went from 1,340 to 3,212 over the same period. Together, these countries account for approximately 86% of charging infrastructure in the region.
In the first quarter of 2025, all countries reported positive growth in electric vehicle sales. Colombia stands out with growth that nearly quadrupled BEV sales, followed by Uruguay. Brazil and Mexico continue to lead in absolute sales volume of BEVs and PHEVs.
These advances are taking place against a global backdrop in which China remains the market leader, with more than 49 million electric vehicles on the road and a 47.9% share of new car sales in 2024, cementing its position as the leading producer and exporter. This directly affects the region, given that most imported electric vehicles come from China.
Despite these positive results, challenges remain, such as the relatively high cost of vehicles, insufficient charging infrastructure, and range limitations, which countries are addressing progressively.
Check out the technical note at the following link:
