Sales of hybrid cars hike 70%, but demand of electric vehicles drops 17%

Sales of electrified vehicles in Mexico have increased at two-digit pace, although demand of electric cars is growing at a lower rate than that of hybrid units and in some cases, it actually has dropped, official data shows.

According to October sales figures, the latest made available by the National Institute of Statistics and Geography (Inegi), there were 1,614 electrified vehicles sold in Mexico, a 62.9% hike compared to the 991 units delivered during the tenth month of 2017.

From January through October auto dealers in Mexico sold 13,925 electrified units, which compared to the 8,288 vehicles sold during the same period of 2017 represent a 68% increase.

In October there were 1,594 hybrid and 20 full-electric cars sold, compared to 973 hybrids and 18 electric vehicles delivered in the same month of 2017. Those figures represent increases of 63.8% and 11.1% respectively.

On a year-to-date basis, sales of hybrid cars were 13,765 units, a skyrocketing 70% hike compared to 8,095 units in the first ten months of 2017. Meanwhile, sales of electric vehicles from January through October decreased to 160 units, which is 17% lower from the 193 electric vehicles sold during the same 10-month period of the previous year.

Half of sales nationwide take place in the country’s capital and the neighboring state of Mexico, with 35.9% and 15.3% of total respectively. That’s because car owners in both jurisdictions are subject to strict environmental regulations that limit the use of their vehicles, however, hybrids and electric units are exempt from these barriers.

MexicoNow

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