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  5. >  Strategic Analysis of the Electric Vehicle Market in Latin America 

Executive Summary—Key Findings

From current market conditions, moderate EV growth is expected in LATAM In 2023, LATAM will account for more than % of the total global EV market sales, amounting to approximately thousand vehicles. In an optimistic scenario, this share is expected to be about %.

Brazil will lead the market; Mexico and Chile will follow In 2023, Brazil is expected to become the largest EV market in LATAM, accounting for an annual sale of about thousand vehicles. It is likely to be followed by Chile and Mexico, cumulatively accounting for over thousand vehicles.

Global OEM EV volume growth will include LATAM Renault-Nissan and Mitsubishi Motors Corporation (Mitsubishi) are expected to lead EV growth in LATAM, with a cumulative share of about % in 2023. The recent launch of the BMW i3 and the i8 in a number of LATAM markets, including Mexico and Brazil, along with future PHEV plans from Toyota, is expected to drive market growth.

Use cases for EVs – B2B is the current bedrock for EV uptake in LATAM The EV market in a number of LATAM countries is focused on pilot tests (such as taxi programs) and B2B corporate fleets (such as city municipalities, company delivery fleets, and postal fleets). In the short term, uses like carsharing mobility solutions are also anticipated. From 2017/2018 onward, the B2C market is expected to gain more impetus.
In future, LATAM is likely to become a manufacturing base At present, all global OEMs import EVs into various LATAM markets. However, in future, Mexico, Paraguay, and Ecuador may emerge as EV assembly and component manufacturing bases. If supported by conducive regulations, Brazil can also become an EV manufacturing hub for LATAM.

Government incentives and country programs LATAM countries are at various stages of EV planning and introductions. A significant number of the initiatives are at the city and the municipality levels. The widespread inclusion of EVs as a viable vehicle purchase option will be strongly dependent on tax and purchase incentives aimed at reducing the cost of vehicle ownership, indirect benefits, consumer education, stable country economies, and win-win partnerships between various stakeholders.

Table Of Contents

 Strategic Analysis of the Electric Vehicle Market in Latin America 
1 EXECUTIVE SUMMARY

Executive Summary
1 Executive Summary—Key Findings
2 Executive Summary—Unit Shipment Forecast by Country and EV Type
3 Executive Summary—Unit Shipment Forecast by Country
4 Executive Summary—Unit Shipment Forecast by OEM
5 Executive Summary—Unit Shipment Forecast by Country for Top OEMs
6 Executive Summary—LATAM Scenario Analysis EV Forecast
7 Executive Summary—EV/PHEV Introductions in LATAM
8 Snapshot of Tax Exemptions and Incentives for EVs in LATAM
9 Executive Summary—EV Charging Infrastructure Snapshot in LATAM
10 Executive Summary—Key Focus Cities in LATAM
11 Executive Summary—Market Attractiveness
12 Executive Summary—Key Findings and Future Outlook

2 RESEARCH SCOPE, OBJECTIVES, METHODOLOGY, AND BACKGROUND

Research Scope, Objectives, Methodology, and Background
1 Research Scope
2 Research Aims and Objectives
3 Key Questions this Study will Answer
4 Research Background
5 Research Methodology
6 Key OEM/Participant Groups Compared in this Study

3 DEFINITIONS AND SEGMENTATION

Definitions and Segmentation
1 EV Segmentation
2 Electric Propulsion Technology
3 EV Charging Overview—LATAM
4 Vehicle Segmentation

4 EV MARKET OVERVIEW

EV Market Overview
1 Overview of the Global Powertrain Market
2 Global EV Outlook—Unit Sales Scenario Analysis
3 Global EV Outlook—Sales Forecast by Region and Technology
4 Future Battery Chemistries' Technology Roadmap
5 Li-ion Battery Capacity Analysis
6 Key Mega Trends Impacting LATAM Market Trends
7 Key LATAM Market Trends
8 Key Market Challenges for EVs in LATAM
9 LATAM EV Market—Stakeholder Overview

5 REGIONAL OVERVIEW

Regional Overview
1 Argentina—Top-level Fact Sheet
2 Argentina—Regulatory Environment and Incentives
3 Argentina—Unit Shipment Forecast by OEM
4 Argentina—Scenario Analysis Forecast
5 Argentina—Scenario Analysis Forecast
6 Argentina—Infrastructure and Country-readiness
7 Argentina—Key Infrastructure Activities
8 Brazil—Top-level Fact Sheet
9 Brazil—Top-level Fact Sheet
10 Brazil—Regulatory Environment and Incentives
11 Brazil—Unit Shipment Forecast by OEM
12 Brazil—Scenario Analysis Forecast
13 Brazil—Scenario Analysis Forecast
14 Brazil—Infrastructure and Country-readiness
15 Brazil—Key Infrastructure Activities
16 Chile—Top-level Fact Sheet
17 Chile—Regulatory Environment and Incentive
18 Chile—Unit Shipment Forecast by OEM
19 Chile—Scenario Analysis Forecast
20 Chile—Scenario Analysis Forecast
21 Chile—Infrastructure and Country-readiness
22 Chile—Key Infrastructure Activities
23 Colombia—Top-level Fact Sheet
24 Colombia—Regulatory Environment and Incentives
25 Colombia—Unit Shipment Forecast by OEM
26 Colombia—Scenario Analysis Forecast
27 Colombia—Scenario Analysis Forecast
28 Colombia—Infrastructure and Country-readiness
29 Colombia—Key Infrastructure Activities
30 Mexico—Top-level Fact Sheet
31 Mexico—Regulatory Environment and Incentives
32 Mexico—Unit Shipment Forecast by OEM
33 Mexico—Scenario Analysis Forecast
34 Mexico—Scenario Analysis Forecast
35 Mexico—Infrastructure and Country-readiness
36 Mexico—Key Infrastructure Activities
37 EV Activities in Other LATAM and Caribbean Countries
38 EV Activities in Other LATAM and Caribbean Countries

6 SELECT OEM PROFILES

Select OEM Profiles
1 BMW Group
2 Renault-Nissan Group
3 Mitsubishi Motors

7 CONCLUSIONS AND FUTURE OUTLOOK

Conclusions and Future Outlook
1 Key Conclusions and Industry Implications
2 The Last Word—3 Big Predictions
3 Legal Disclaimer

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