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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Tax exemption for EV purchases and non-financial support remain in place, after an extension, as the automotive industry is seen as one of the key drivers of economic growth. In Latin America , electric car sales reached almost 90,000 in 2023, with markets in Brazil, Colombia, Costa Rica and Mexico leading the region.