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Latin American EV charging infrastructure growth opportunities

Reportlinker.com has announced the release of the Latin American Electric Vehicle Charging Infrastructure Growth Opportunities report.
By James Foster August 11, 2023 Read time: 1 min
A free electric recharging station at Fernando de Noronha, Brazil. The Latin American charging infrastructure market is expected to see rapid growth. Photo: © JPCarnevalli/Dreamstime.com
A free electric recharging station at Fernando de Noronha, Brazil. The Latin American charging infrastructure market is expected to see rapid growth. Photo: © JPCarnevalli/Dreamstime.com

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 EV parc of about 89,000 units.

Despite that, the market is expected to witness rapid growth, especially due to rising EV sales, the development of legislation frameworks, and the launch of decarbonisation goals. This 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 eight 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.

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.

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