As of January 2025, Mexico’s electric vehicle (EV) sector has experienced significant growth, reflecting a broader global transition toward sustainable transportation. This report provides an overview of the current state of EV adoption, compares data from five years ago, and provides projections for the next decade. Key aspects analyzed include the number of EVs on the road, their market share, leading manufacturers, domestic production versus imports, charging infrastructure, and the impact on emission trends.
Current EV Adoption in Mexico
According to the National Institute of Statistics and Geography (INEGI), approximately 200,000 hybrid, plug-in hybrid, and fully electric vehicles were sold in Mexico in 2024, marking a 70.2% increase compared to the previous year.
By the end of 2024, sales of electrified vehicles—including hybrid and fully electric models—rose by 41.1% year-over-year, totaling 12,147 units. This represents an increase of 3,540 additional vehicles featuring new technologies compared to November 2023. Mexico registered around 15,000 new EVs in 2024, an 80% increase from the previous year in fully electric vehicles. However, they still represent over 1% of the total vehicle market share. This growing acceptance is driven by rising environmental awareness, government incentives, and expanding charging infrastructure.
EV Adoption Five Years Ago (2020)
In 2020, Mexico’s EV market was still in its early stages, with hybrid vehicles dominating the electrified segment, while fully electric cars represented only a small fraction of the total fleet. Data from that period indicates that just 1.8% of all electrified vehicles registered were 100% electric.
Projected EV Adoption in the Next 5 to 10 Years
Looking ahead, Mexico’s EV market is set for significant expansion. Forecasts indicate that 2029 electric vehicle sales will reach approximately 56,770 units. This growth is expected to continue as consumer demand increases, government policies become more supportive, and charging infrastructure expands. By 2035, Mexico aims to phase out fossil fuel-dependent vehicles, aligning with international sustainability goals. However, the transition speed depends largely on incentives, infrastructure development, and battery affordability.
Leading EV Manufacturers in Mexico
As of 2023, Ford emerged as a key player in Mexico’s EV market, producing 94,436 units of the Mustang Mach-E. Additionally, Chevrolet contributed with 11,744 units of the Blazer EV. These figures highlight the important role of established automakers in advancing EV production within the country.
Beyond local production, global brands such as Tesla, BYD, Audi, Volkswagen, BMW, GM, Toyota, and JAC have intensified their efforts to introduce new models in the Mexican market, capitalizing on its strategic position for electromobility.
Domestic Production vs. Imports
Mexico has made substantial progress in domestic EV production. In 2020, only 6,717 EV units were manufactured in the country. By 2023, this number skyrocketed to 109,695 units—a nearly 16-fold increase in just three years. This surge reinforces Mexico’s growing role as a global hub for EV manufacturing. While domestic production is rising, the market relies heavily on imports, providing consumers various options.
Charging Infrastructure: Public and Private Stations
Expanding charging infrastructure remains crucial for the widespread adoption of EVs. As of Q3 2024, Mexico had 3,273 public charging stations, reflecting a 2% increase from the previous quarter. While this growth is positive, challenges remain regarding station availability, geographic distribution, and compatibility with different vehicle models. Further investment and regulatory incentives will be necessary to meet future demand.
Impact of EV Usage on Emissions
The increased adoption of EVs is expected to reduce greenhouse gas emissions from the transportation sector significantly. As EVs gradually replace internal combustion engine (ICE) vehicles, a notable decline in CO₂ emissions is anticipated. However, the overall environmental impact will depend on Mexico’s energy matrix. If renewable energy sources (such as solar and wind) power the charging infrastructure, the reduction in emissions will be far more substantial.
Mexico’s Role in the Global EV Transition
With a booming EV market, Mexico has become an attractive destination for global automakers investing in electromobility. The country’s strong automotive industry, strategic geographic location, and trade agreements make it a key player in the North American EV supply chain.
Conclusion
Mexico’s EV sector is experiencing rapid growth, fueled by increased production, expanding infrastructure, and government support. While challenges remain—particularly regarding charging stations and renewable energy integration—the country is on a promising path toward sustainable transportation. If trends continue, Mexico could solidify its position as a major hub for EV manufacturing and adoption in Latin America, playing a crucial role in the global shift towards cleaner mobility solutions.
This Post was submitted by Climate Scorecard Mexico Country Manager Pablo Necoechea.
Contact Information for Transportation Oversight. For further information on Mexico’s transportation policies and EV initiatives, you may contact:
Secretaría de Infraestructura, Comunicaciones y Transportes (SICT)
- Website: https://www.gob.mx/sct
- Address: Avenida Insurgentes Sur 1089, Colonia Nochebuena, Alcaldía Benito Juárez, C.P. 03720, Ciudad de México, México
- Phone: +52 (55) 5723-9300
The SICT oversees Mexico’s transportation infrastructure and policies, including initiatives related to electric vehicles and sustainable mobility.