Latin America EV Market Share H1 2023, Part 1: Tale of the Laggards — Argentina, Peru, Ecuador, & PanamaTime flies. The first half of 2023 has already been over for a while, and the EV transition is accelerating, so we’re bringing news from a region often forgotten when speaking about electric vehicles: Latin America.
. Electric vehicles in the country are basically a margin error, a statistical anomaly, and even though PHEVs may be able to bring plug-in market share to 0.1%, we can’t know, because they aren’t classified separately from HEVs. There’s a general trend that, whenever a country has marginal EV market share , all news outlets present “electrified” sales instead of BEVs or PHEVs, so it’s hard to find plug-in sales leaders. In Peru’s case, we were able to find out that the Toyota RAV4, the Volvo CX40 and CX90 comprise the podium for H1 2023.Next in our list is Ecuador, and even though numbers remain low, we’re almost reaching the symbolic 1% milestone here.
Ecuador still belongs to the aforementioned group where “electrified” cars are all listed together, but we still found out that the Audi E-Tron and the Mercedes GLE line were the plug-in leaders.And we finish our first part with a sad note, for even the leader of the laggards remains under the symbolic 1% milestone. Things will get better in our next chapter, so there’s that.
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