Mexico, leader in electric mobility in Latin America

MEXICO - In 2024, Mexico took significant steps in the transition to electric mobility, consolidating its position as a benchmark in Latin America thanks to the increase in charging infrastructure and the growth of electric vehicle (EV) sales.

At the end of September, the Electromobility Association (EMA) reported the installation of 42,915 chargers in the country, of which 3,273 are public and 39,642 private. This progress has been possible, in part, thanks to companies such as VEMO, a leader in clean mobility in the region, which has installed more than 600 public chargers as part of its VEMO Charging Network, considered the most robust in Mexico.

“The expansion of charging infrastructure is key to accelerating the adoption of electric vehicles. This year, we installed high-power chargers in Puebla, Guanajuato, Nuevo León and Querétaro. In 2025 we plan to reach other states in the country,” noted Carlos Levy, Head of Real Estate & Public Charging Network at VEMO.

The interest in EVs is also reflected in sales figures. According to the EMA, 8,334 EVs were sold in the third quarter of 2024, representing an increase of 27% over the previous quarter, while sales of plug-in hybrids (PHEVs) grew by 46.3%, reaching 7,921 units. Between January and September 2024, 39,095 EVs and 25,042 PHEVs were sold in Mexico.

“The exponential growth of EVs represents both an achievement and a challenge, as it requires ensuring access to chargers. This scenario drives the need to establish strategic alliances,” said Constantino Rodriguez, VEMO's Head Commercial.

In this sense, VEMO has signed agreements with manufacturers such as BMW, BYD, General Motors, GAC and ZEEKR, strengthening the electromobility ecosystem. According to the International Energy Agency (IEA), in 2023, Mexico will lead in EV sales in Latin America, with close to 20% of cars sold being electric.

The IEA projects that the share of EVs in global sales will reach 35% by 2030, consolidating Mexico as a key player in sustainable mobility.