Electric Vehicles in Latin America

Abstract

The number of light-duty Electric Vehicles (EVs) in Latin America-from plug-in hybrid to fully electric-is expected to increase during the next decade as a result of multiple incentives that promote their adoption combined with the increasing cost effectiveness of the technology. Latin American countries are slowly but surely moving toward the electrification of the transport sector, trying to harness the corresponding environmental, health, and economic benefits, particularly when coupled with a low-carbon electricity-generation portfolio, such as many of those in the region. However, before the region sees EVs being adopted at levels already realized in countries in Europe and Asia, and in..