Mexico is now the leading exporter of electric vehicles to the US, surpassing Japan and So. Korea 

Mexico has go the starring exporter of electrical vehicles to the United States, surpassing automotive giants specified arsenic Japan and South Korea, according to the 3rd EvolvX Mexico Mobility Report conducted by Latam Mobility.

The report, presented this week, reveals that Mexico exported immoderate 145,000 electrical vehicles (EVs) to the U.S. past year, chiefly models by General Motors, Ford, Stellantis and Toyota. The fig represents threefold maturation and exceeds the fig of units exported by accepted car export leaders Japan and South Korea, astatine 135,000 each.

In summation to expanding its export capacity, Mexico doubled its EV accumulation successful 2024, creating a request for much stations for Mexican EV owners to complaint their vehicles, arsenic shown here. (Ernest Ojeh/Unsplash)

In summation to expanding its export capacity, Mexico doubled its accumulation successful 2024, reaching 220,000 units. 

And it appears headed to surpass that full this year. Data from the National Institute of Geography and Statistics (INEGI) reveals that Mexico’s accumulation of EVs and hybrid vehicles has reached 214,203 units done September, representing a 39.3% summation compared to the aforesaid play successful 2024.

“This alteration confirms Mexico’s strategical relation arsenic a cardinal subordinate successful the cleanable mobility proviso concatenation successful North America, supported by its competitory manufacturing base, quality capital, and expanding charging infrastructure network,” Rebeca González, co-founder of Latam Mobility said. 

González added that planetary concern successful Mexican advanced-manufacturing plants and the spot of the nationalist automotive manufacture were cardinal factors for its growth. 

The EvolvX study says that Mexico has 1 of the highest ratios of EVs per nationalist charging constituent successful the world, with 40 units per charger. That ratio reflects an accelerated gait of adaption to electricity-powered vehicles but it besides demonstrates an urgent request to grow the charging network.

“Mexico faces akin challenges to Australia oregon New Zealand, diagnostic of markets transitioning from mean maturation to monolithic expansion,” González explained. “The situation and accidental for the state volition beryllium to align its manufacturing enactment with a charging infrastructure that matches its imaginable successful sustainable mobility.”

Additionally, the study revealed that successful Mexico, 8 retired of each 100 buses sold successful 2024 were electric, compared to conscionable implicit 1% successful 2023.

Overall, the Mexican automotive manufacture represents 1 of the pillars of bilateral commercialized with the U.S.,  with yearly exports exceeding US $78.5 cardinal and a stock of astir 40% of full U.S. automotive imports.

With reports from Mexico Industry and El Economista