Mexico. The country reached a record of more than 88,000 electric and hybrid vehicles sold between January and August this year, the highest figure recorded for a similar period.
It is projected that 2025 will close with 130,500 units sold, according to the advance of the EvolvX Report, which will be presented by Latam Mobility at its next meeting in the country's capital.
The study, based on figures from INEGI and international sources, confirms the consolidation of the electrified automotive market in Mexico. Sales of hybrid, plug-in hybrid, and battery-electric vehicles rose from 24,405 units in 2020 to more than 124,000 in 2024, increasing fivefold in just five years.
In the case of battery electric vehicles (BEVs), the growth has been even more remarkable: from just 450 units in 2020 to about 24,300 in 2024, reflecting an accelerated expansion.
- Advertising -"This confirms that Mexican electrification is betting on more charging infrastructure to increasingly encourage electric vehicles," said Rebeca González, co-founder of Latam Mobility.
The specialized platform projects that by 2030 Mexico could reach two growth scenarios: a conservative one, with an annual increase of 10%, would take the market to more than 210,000 units; while an optimistic scenario, with an annual growth of 20%, would allow it to exceed 324,000 units.
While in Europe and China pure electric vehicles dominate sales, in Mexico the transition is mainly supported by conventional and plug-in hybrids, which are consolidating themselves as the gateway to cleaner mobility.
"At Latam Mobility we seek not only to inform the sector, but also to serve as a basis for designing public policies, strengthening trust and accelerating the energy transition in the country. The future of mobility in Mexico will be electrified and its pace will be boosted with more infrastructure, incentives and the offer of models," added González.
Latam Mobility Mexico 2025
In this context, on October 13 and 14, the World Trade Center in Mexico City will receive authorities, businessmen and investors at Latam Mobility Mexico 2025, a meeting that will address public policies, charging infrastructure and business models to accelerate the energy transition.
The program includes two outstanding spaces: the Fleet Management & Charging Matchmaking Hub, focused on the electrification of fleets, and the Climate Economy Forum Mexico 2025, aimed at climate finance and business sustainability.
