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Inicio Press Room Which factors drive electromobility in Latin America?
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Which factors drive electromobility in Latin America?

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February 11, 2022
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The implementation of electric cars in society, and electromobility in general, has had little approval in the world in recent years.

However, Latin America tells a different story. The need for a more sustainable alternative has pushed the demand for both hybrid and electric vehicles.

Colombia was the one of the first countries in LATAM to adopt this practice. Now, it has one of the largest numbers of EVs on the road, followed by the Dominican Republic and Chile.

Mexico has also embarked on the electromobility journey and incorporated these vehicles in its public transport systems, similar to Colombia, Costa Rica, Argentina and Chile.

Challenges for the LATAM market

These are the main challenges that the region faces as it adopts EVs:

  1. Manufacturing costs

It’s worth mentioning that manufacturing and sales costs could be reduced as the demand for these vehicles increases.

  • Infrastructure

Infrastructure is also an issue that increases financial uncertainty in countries with larger markets.

Electromobility requires a high investment to build charging stations or adapt exclusive lanes for this type of vehicle.

Even as energy demand increases, costs would rise but at the cost of expanding renewable energy sources.

  • Social conciousness

It’s important for society to keep in mind the benefits that electromobility offers us.

However, some people are committed to fossil-fuel energy. Some still doubt the benefits and promises that EV manufacturers make.

It’s necessary to educate people about the benefits. Governments should develop informational PSAs regarding the efficiency of electromobility.

This type of mobility has come into our lives to stay.

The environment is a serious issue these days. Learning about electromobility is a good step to know more about its benefits.

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