Apr. 5 at 6:00 PM
EV sales surge in Latin America; top markets in 2026
Electrified vehicle sales in LatAm reached 136,575 units in the first two months of 2026 (vs. 80,635 in 2025), now making up 14.5% of total auto sales.
BEVs: 33,772 units (3.6%)
HEVs: 77,039 units (8.2%)
PHEVs: 25,664 units (2.7%)
Key trend: Limited charging infrastructure is pushing consumers toward hybrids (HEV/MHEV) over fully electric options.
Top markets
Brazil: 55,713 units (+69% YoY)
Leads in BEVs (17,129), HEVs (22,160), PHEVs (16,424)
Mexico: 27,840 units (+31.7%)
Colombia: 16,410 units (+80.4%)
Argentina: 12,583 units (+263%)
Chile: 6,017 units (+60%)
Other insights
Brazil dominates charging infrastructure (14,827 public stations).
Growth drivers vary: environmental concerns vs. policy incentives like traffic restrictions (e.g., Colombia).
Argentina shows the fastest growth, especially in PHEVs.
Bottom line: LatAm’s EV transition is accelerating, but hybrids remain the bridge technology due to infrastructure gaps.
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