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

Baua Electric

In Latin America , electric car sales reached almost 90,000 in 2023, with markets in Brazil, Colombia, Costa Rica and Mexico leading the region. In Brazil, electric car registrations nearly tripled year-on-year to more than 50,000, a market share of 3%. In 2024, Hyundai announced investments of USD 1.1