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Projected electric vehicle market size in South America between 2022 and 2028 (in billion U.S. dollars)

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Sources

Release date

2023

Region

Central and South America

Survey time period

2022

Supplementary notes

An exponential development of the values between 2022 and 2028 was assumed to estimate the annual values. The values for 2022 and 2028 were provided by the source.

Citation formats

Projected electric vehicle market size in South America 2022-2028

Published by ÌÇÐÄÆƽâ°æ Research Department, Sep 28, 2023
In 2022, the electric vehicles market in South America was valued at some *** billion U.S. dollars. The market is tipped to grow by a compound annual growth rate of just under percent between 2022 and 2028, reaching **** billion U.S. dollars in that latter year. Electric vehicles are still an emerging market in the region, but more governmental focus on sustainability is projected to propel its growth. The electric vehicle charging system market is forecast to similarly increase across Latin America, matching the demand and output for electric vehicles.
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