Latin America electric car market is at the nascent stage and significant growth is expected in the near future. Latin America electric car market is estimated to grow at a CAGR of more than 18.0% during the forecast period. Government targets to increase the electric fleet, rebates on the vehicle purchase and increasing awareness related to electric vehicles are some of the major factors augmenting the market. For instance, Mexico has set a target to sell 5% electric vehicle of the total vehicle fleet by 2030, 50% by 2040 and 100% by 2050. As per this, around 500,000 light-duty electric vehicles will be sold in the country between 2019 and 2030.
Get Free Sample link @ https://www.omrglobal.com/request-sample/latin-america-electric-car-market
Latin America electric car market is segmented on the basis of vehicle type, propulsion technology, and battery type. On the basis of vehicle type, the market is further studied into hatchback, sedan, and SUV. On the basis of propulsion technology, the market is sub-segmented into battery-electric cars and plug-in hybrid electric cars. The region is expected to show significant growth in the battery-electric cars sales in the near future. On the basis of battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Li-ion battery-electric cars market is projected to cover a major share in the near future. On the basis of geography, the market is segmented into Mexico, Brazil, Argentina, Colombia and the Rest of Latin America. Mexico is expected to have a major market share in the region during the forecast period. As per the International Energy Agency, around 1,800 electric cars were sold in the country in 2019 as compared to 1,200 in 2018.
full report of Latin America Electric Car Market available @ https://www.omrglobal.com/industry-reports/latin-america-electric-car-market
- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Latin America Electric Car Market Report Segment
By Vehicle Type
- Hatchback
- Sedan
- SUV
By Propulsion Technology
- Battery Electric Cars
- Plug-in Hybrid Electric Car
By Battery Type
- NiMH
- Li-Ion
- Others
The Report Covers
- Comprehensive research methodology of the Latin America Electric Car Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Latin America Electric Car Market.
- Insights about market determinants which are stimulating the Latin America Electric Car Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/latin-america-electric-car-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
