Costa Rica EV Sales Report: Latin America’s Champion Surpasses All Expectations in July as ¼ of Market Becomes Fully Electric in July

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Seven months ago, I wrote this: If January is to be an indicator, 2024 will also bring great growth to Costa Rica’s EV market, but it’s hard to predict where it will end. One can hope for 25% market share, but I feel somewhere around 17% is more plausible. Time will tell! .

Costa Rica is also the only Latin American market where Geely has a significant presence outside of its best known brand , thanks to the success of its affordable Geometry models., I mentioned that the presence of 6 sub-$25,000 BEV models in the market was boosting sales.

Like Uruguay, Costa Rica has relatively expensive gasoline , lacks oil reserves, and produces plentiful, affordable renewable energy. This means that replacing foreign oil for local electricity makes a lot of sense for the country.

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