{"id":66360,"date":"2026-06-04T05:00:00","date_gmt":"2026-06-04T10:00:00","guid":{"rendered":"https:\/\/latamobility.com\/?p=66360"},"modified":"2026-06-02T07:23:53","modified_gmt":"2026-06-02T12:23:53","slug":"electric-vehicle-sales-booming-in-latin-america-iea-reports-75-growth-in-2025-driven-by-brazil-and-mexico","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/electric-vehicle-sales-booming-in-latin-america-iea-reports-75-growth-in-2025-driven-by-brazil-and-mexico\/","title":{"rendered":"Electric Vehicle Sales Booming in Latin America: IEA Reports 75% Growth in 2025 Driven by Brazil and Mexico"},"content":{"rendered":"\n

The International Energy Agency (IEA)<\/strong> released<\/a><\/strong> the latest edition of its Global EV Outlook 2026<\/strong> report, which reveals that Latin America saw record growth in the adoption of electrified vehicles<\/strong> during 2025, with a 75% increase in sales<\/strong> led by the dynamism of the Brazilian<\/strong> and Mexican<\/strong> markets.<\/p>\n\n\n\n

This performance far exceeds<\/strong> the growth recorded in mature economies like the United States<\/strong>, where electric car sales remained relatively flat, and confirms a major shift in consumer preferences<\/strong> across the region \u2014 also fueled by the global energy crisis resulting from the conflict in the Middle East<\/strong>.<\/p>\n\n\n\n

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A Global Market in Full Swing<\/strong><\/h2>\n\n\n\n

The IEA<\/strong> study reveals that 2025 was a record year<\/strong> for the electric vehicle (EV) industry worldwide.<\/p>\n\n\n\n

Global sales grew 20%<\/strong>, surpassing the 20 million unit mark<\/strong> \u2014 meaning that by the end of last year, one out of every four new cars sold globally was electric<\/strong>.<\/p>\n\n\n\n

The momentum wasn’t limited to developed nations. More than 100 countries<\/strong> reported growth in electric vehicle sales during 2025. Notably, in one-third of these countries<\/strong>, EVs already account for at least 10% of new car sales \u2014 a threshold many analysts consider the tipping point toward mass adoption<\/strong>.<\/p>\n\n\n\n

The ongoing energy crisis, driven by the conflict in the Middle East<\/strong>, has highlighted oil dependence<\/strong> and accelerated this shift. The global electric vehicle fleet avoided the consumption of approximately 1.7 million barrels of oil per day (mb\/d)<\/strong> in 2025.<\/p>\n\n\n\n

\"IEA\"<\/figure>\n\n\n\n

Brazil and Mexico: the engines of regional growth<\/strong><\/h2>\n\n\n\n

The IEA<\/strong>‘s detailed analysis underscores that the 75% growth in Latin America was not uniform<\/strong> but rather powered by two key economies: Brazil and Mexico<\/strong>.<\/p>\n\n\n\n

Mexico<\/strong> had an outstanding performance. According to data from the Electro Mobility Association (EMA)<\/strong> , sales of electrified vehicles (battery electric BEVs, plug-in hybrid PHEVs, and range-extended REEVs) in the country grew 38.5%<\/strong> during 2025, reaching 96,636 units sold<\/strong> \u2014 bringing Mexico close to the 100,000 electrified vehicles sold in a single year<\/strong> milestone.<\/p>\n\n\n\n

EMA<\/strong> is made up of more than 24 ecosystem companies, including BYD<\/strong>, Tesla<\/strong>, JAC<\/strong>, Volvo<\/strong>, and Zeekr<\/strong>, among others. The market share of these vehicles in Mexico already exceeds 6%<\/strong> of total sales. Additionally, the country’s charging network reached 56,726 ports<\/strong>, a 26% annual increase<\/strong> according to the EMA Electromobility Barometer.<\/p>\n\n\n\n

The Brazilian<\/strong> market, meanwhile, also recorded a notable increase. According to the Brazilian Association of Electric Vehicles (ABVE)<\/strong> , Brazil hit a milestone in electric vehicle adoption<\/strong> by selling 20,222 fully electric units<\/strong> \u2014 a 6.3% growth<\/strong> in that segment \u2014 while the broader electrified market (including hybrids) showed even greater dynamism.<\/p>\n\n\n\n

In terms of total electrification<\/strong>, the IEA<\/strong> indicates that Brazil led the Latin American market with 286,691 electrified vehicles sold in 2025<\/strong> \u2014 a figure that exceeds the previous year’s sales by more than 108,000 units<\/strong>.<\/p>\n\n\n\n

\"IEA\"<\/figure>\n\n\n\n

Projections for 2026: A Year of Consolidation<\/strong><\/h2>\n\n\n\n

The Global EV Outlook 2026<\/a><\/strong> report not only analyzes last year’s final numbers but also offers an optimistic projection for the current year<\/strong>.<\/p>\n\n\n\n

The IEA<\/strong> anticipates that during 2026, around 23 million electric vehicles<\/strong> will be sold worldwide, which would represent nearly 30% of all new car sales<\/strong> on the planet.<\/p>\n\n\n\n

At the regional level, Europe<\/strong> is expected to lead growth with an increase of approximately 20%<\/strong> in sales. Latin America<\/strong>, for its part, will continue its upward trend with a projected growth of 45%<\/strong> during 2026.<\/p>\n\n\n\n

Preliminary data from the first quarter of 2026<\/strong> reinforce this positive outlook. Although global sales contracted 8%<\/strong> year-over-year in the January-March period (mainly due to regulatory changes in the United States<\/strong> and a pause in incentives in China<\/strong>), Latin America defied that trend and grew another 75%<\/strong> compared to the same quarter in 2025.<\/p>\n\n\n\n

In March 2026, the IEA<\/strong> notes that nearly 90 countries<\/strong> reported increases in their EV sales, and about 30 set all-time monthly records<\/strong> \u2014 demonstrating the structural momentum<\/strong> of this market.<\/p>\n\n\n\n

Factors Driving the Transition<\/strong><\/h2>\n\n\n\n

The remarkable growth of electric mobility in the region comes from a combination of mutually reinforcing factors<\/strong>:<\/p>\n\n\n\n