Electrics Tripled in Latin America in 2024, Reaching More than 444,000

The fleet of electric vehicles tripled in Latin America and the Caribbean during 2024, from 154,966 units registered at the end of 2023 to 444,071 cars in December 2024, according to data released this Friday by the Latin American Energy Organization (Olade). This figure represents an increase of 187% year-on-year in electric battery cars and plug-in hybrids, the organization said, adding that this increase is due in large part to an increase of…

The transition to electric mobility in the region is progressing rapidly, according to the latest technical note “Electrical mobility in Latin America and the Caribbean. Figures 2024” by the Latin American Energy Organization (Olade). During 2024, the fleet of light electric vehicles grew by 187%, from 249,079 to 444,071 electric cars (BEV and PHEV). This remarkable growth is largely due to a 78% increase in the integration of electric vehicles …