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Latin American EV Market Heats Up as Chinese Automakers Enter with Newer, Cheaper, Better Options

CleanTechnica EVs

continued] The post Latin American EV Market Heats Up as Chinese Automakers Enter with Newer, Cheaper, Better Options appeared first on CleanTechnica. A bloodbath is coming. The exact timeline we don’t know, not yet at least. But the omens are here already.

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Colombia February 2021

EV Sales

Looking at the Year Best Sellers, it does look like a rather original Top 5, doesn't it? Also important to remember, here they are playing in a levelled field with the Legacy OEMs, because neither have the home advantage, making the race all more interesting.

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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

With the pandemic spreading across the globe, strict lockdowns in key markets, combined with consumer panic and economic uncertainty, have all contributed to the huge decrease in sales last month. Registrations fell in all 27 markets, but with varying severity. This downward trend is not simply due to the restrictions of free movement.

Europe 261
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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

These trends indicate that growth remains robust as electric car markets mature. While sales of electric cars are increasing globally, they remain significantly concentrated in just a few major markets. However, sales remain limited elsewhere, even in countries with developed car markets such as Japan and India.