The electric vehicle market is under constant scrutiny in a year where the post-pandemic economic recovery is key. Portal Movilidad brings an analysis of the main markets segmented by technology based on the report of the National Association of Sustainable Mobility (ANDEMOS).

In 2021, 118,145 hybrid and electric vehicles were registered in Latin America, an increase of 107.1% compared to 2020 when 57,078 units were registered.

The fastest growing segment was hybrid vehicles summed plug-in hybrid (PHEV) and non-plug-in hybrid (HEV) with 110.1%, while fully electric vehicles (BEV) grew by 57.3%.

Mexico registered the most electric and hybrid vehicles with 44,783 units, followed by Brazil with 34,990 units and Colombia with 17,702 units. Fourth place goes to Argentina with 5,871 units and the top five is rounded off by Ecuador with 4,617 units.

Electric vehicles (BEV)

The leader is Colombia with 1,296 electric vehicles registered, followed by Mexico with 1,140 and third place goes to Costa Rica with 1,045. Meanwhile, the Dominican Republic reported 746, Brazil 719 and Chile 629. Ecuador, Argentina and Peru close the list with 348, 55 and 33 respectively.
The accumulated total is 6,011, which represents a 63.3% growth compared to 3,682 registrations in 2020.

Plug-in hybrids (PHEVs)

The top three are Mexico, Brazil and Colombia. These account for 3,492, 2,141 and 1,712. These are followed by Chile with 300 registrations, the Dominican Republic with 144 and Peru with 58. The last two are Ecuador with 33 and Argentina with 7. This technology totalled 7,887, representing an increase of 143.5% compared to 3,239 registrations in 2020.

Hybrids (HEV)

As in the previous category, Mexico holds the first place in sales with 42,447. Second place goes to Brazil with 32,130 and third place to Colombia with 14,694. Argentina has 5,809 registrations followed by Ecuador with 4,236. Chile registered 2,492 new vehicles and Peru 1,364. The list is rounded off by the Dominican Republic with 1,121.

Fuente: ANDEMOS

It is worth mentioning that the different markets were marked by different events in recent weeks.

On the one hand, Chile experienced an electoral process that resulted in a change of national government, which generates good expectations in terms of promoting electric mobility. In addition, it continues to announce tendering processes for electric buses in parallel with the incorporation of electric buses.

Colombia is preparing for a similar process given that in the next few days it will face the first election of 2022 where the composition of Congress will be voted on.

The previous year of the current administration was marked by the promotion of several regulations that encourage electric mobility, such as the standardisation of connectors, commercialisation of energy and the release of hybrid quotas.

Mexico has recently been affected by the measures taken by the United States that limit its automotive industry, although there is a glimmer of hope with multiple international agreements and working groups.

Argentina, meanwhile, is one year on from the official announcements of the national government’s promotion of electromobility and the local manufacture of electric vehicles, although no concrete actions have been taken.