Latin American Electric Vehicle Charging Infrastructure Market 2023

Latin American Electric Vehicle Charging Infrastructure Market 2023

Strategic Partnering enhanced by growth opportunities in the Development of Charging Infrastructure

The charging infrastructure market in Latin America is at an emerging stage, with a reduced number of charging points available. In 2022, for example, there were 6,492 public and semi-public charging points in the region to cater to an electric vehicle (EV) parc of around 89 thousand units. Despite that, it is expected to grow at a fast pace, especially due to the rise in EV sales, the development of legislation frameworks, and launch of decarbonization goals. The Latin American Electric Vehicle Charging Infrastructure Market 2023 report examines the qualitative and quantitative aspects of the charging infrastructure by evaluating its performance and identifying the various trends that impact demand for new charging points. This study focuses on public and semi-public charging points, although the private chargers (installed at residences, for example) also play a crucial role in the development of the EV market. The base year for analysis is 2022 and the forecast period is from 2023 to 2035. The study comprises eight countries (Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru and Uruguay). These countries were selected according to their relevance in the region and size of EV parc. The forecasts included in this report are related to electric (BEV and PHEV) vehicle sales, EV parc by technology and EV charging points. Electric vehicles in this study stand for passenger cars and light commercial vehicles. This research will provide a comprehensive outlook on the charging infrastructure market in Latin America and will provide meaningful insights for participants of this ecosystem wishing to explore this growing market.

The Latin American charging infrastructure market is emerging, but the number of charging points is reducing. In 2022, for example, the region had 6,492 public and semi-public charging points to cater to an electric vehicle (EV) parc of about 89 thousand units. Despite that, the market is expected to witness rapid growth, especially due to the rising EV sales, the development of legislation frameworks, and the launch of decarbonization goals.

This Frost & Sullivan study examines charging infrastructure's qualitative and quantitative aspects by evaluating its performance and identifying various trends that impact demand for new charging points. The study focuses on public and semi-public charging points, although private chargers (installed at residences, for example) also play a crucial role in the EV market's development.

The base year is 2022, and the forecast period is from 2023 to 2035. The study examines 8 countries (Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, and Uruguay), which were selected according to their relevance in the region and the size of their EV parc. Forecasts are related to EV (BEV and PHEV) sales, EV parc by technology, and EV charging points. In this study, EVs stand for passenger cars and light commercial vehicles.

This research service offers a comprehensive outlook on the Latin American charging infrastructure market and provides meaningful insight for market participants wishing to explore this growing space.