By the end of 2024, the number of light electric vehicles in Latin America and the Caribbean reached 444,071 units—nearly tripling compared to the end of 2023.
The transition toward electric mobility in the region is progressing rapidly, according to the latest technical note “Electric Mobility in Latin America and the Caribbean. 2024 Figures” by the Latin American Energy Organization (OLADE). In 2024, the light electric vehicle fleet grew by 187%, from 249,079 to 444,071 electric vehicles (BEVs and PHEVs). This remarkable growth is largely driven by a 78% increase in electric vehicle integration 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, the number of charging stations grew from 1,876 in 2023 to 12,700 by the end of 2024. Mexico increased its stations from 1,340 to 3,212 in the same period. Together, these two countries account for approximately 86% of the region’s charging infrastructure.
In the first quarter of 2025, all countries in the region reported positive growth in electric vehicle sales. Colombia stood out with nearly a fourfold increase in BEV sales, followed by Uruguay. Brazil and Mexico continue to lead in terms of absolute volume of BEV and PHEV sales.
These advances are taking place in a global context where China remains the market leader, with over 49 million electric vehicles in circulation and a 47.9% share of new car sales in 2024, consolidating its position as the world’s main producer and exporter. This situation directly impacts the region, as 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 limited range. However, countries are progressively addressing these issues.
Read the full technical note at the following link:
Technical Note No. 8 Electric Mobility in Latin America and the Caribbean
