Costa Rica Reached Highest EV Market Share In Americas In 2022


Costa Rica retained its management place throughout the Latin American area in 2022 with a report market share of seven.3% for the all-electric mild passenger car section (vehicles, sport utility automobiles, and pickup vehicles). As illustrated within the chart above, the BEV¹ uptake in Costa Rica additionally exceeded the market shares achieved in Canada (6.1%) and the US (5.3 %)². Subsequently, Costa Rica ranked because the nation with the very best market share for the BEV section within the Americas in 2022.


When accounting for gross sales of plug-in hybrid vehicles (PHEV), Costa Rica stored the lead throughout the Latin American area, however on the continental stage and hadn’t Canada was forward with a market share of seven.7% for the complete plug-in electrical automobile section (PEV). Colombia, Brazil, annd Mexico virtually double their market shares when PHEVs are thought-about, however their uptake nonetheless remained beneath 2%. Within the case of Uruguay and Costa Rica, the market shares don’t range since gross sales of plug-in hybrid vehicles in each nations are negligible er— the prevailing tax incentive schemes solely profit 100% electrical automobiles.

As for different segments, the case of Colombia is price noting, as 1,006 new 100% electrical buses had been registered in 2022, thus surpassing Chile because the nation with the most important fleet of e-buses within the Americas. Nevertheless, Bogotá and Santiago proceed to be the cities with the most important electrical bus fleets exterior of China.


Now focusing solely on the Latin American area when it comes to gross sales quantity, Brazil was the nation with essentially the most gross sales of 100% electrical vehicles (8,458) in 2022, and in addition the one which offered essentially the most plug-in hybrids (10,348), for a complete of 18,806 items. That surpassed Mexico (8,404 PEV gross sales) by a large margin. Argentina, regardless of its massive measurement, offered solely 261 all-electric vehicles. By way of gross sales quantity within the BEV section, small Costa Rica is barely behind Brazil and Mexico.

All-electric vehicles in Costa Rica. Picture courtesy of Mario Duran Ortiz.

On the finish of 2022, there have been round 5,300 vehicles and lightweight industrial automobiles on the street in Costa Rica. Regardless of the speedy progress and its management at a regional and continental stage, electrical automobiles in use solely signify 0.5% of the nationwide inventory of sunshine automobiles. There’s nonetheless a protracted solution to go for Costa Rica and Latin America, and extra inexpensive fashions are required.

Absolutely electrical automobile in Costa Rica, Picture courtesy of Mario Duran Ortiz

Knowledge sources:

All-electric automobile in Costa Rica, Picture courtesy of Mario Duran Ortiz

Notes:

¹ Gross sales in Canada are accounted by way of September 2022, as information for the total 12 months isn’t out there but. Gross sales in Mexico are accounted up till November 2022.

² BEV is the acronym for battery electrical car. PHEV is the acronym for plug-in hybrid electrical car. The sum of those two classes is called plug-in electrical automobiles (PEV = BEV + PHEV). This evaluation solely considers plug-in electrical passenger vehicles (vehicles, sport utility automobiles, and pickups). Some Latin American nations, similar to Brazil, Mexico, Argentina, Chile, and Colombia report gross sales of standard hybrids (HEVs) as an integral a part of their electrical car gross sales, thus leading to greater market shares than these proven right here. HEVs will not be included as a result of this section of automobiles can’t be recharged by connecting to {the electrical} grid.

³ Precise gross sales of sunshine electrical automobiles in Costa Rica in 2022 had been a lot greater than registrations reported by the Ministry of the Setting and Power (1,599 items). The broader than regular hole regular between automobiles offered and registered was as a result of hacking of the Ministry of Finance customs techniques plus the a number of months of delay within the entry into power of the up to date BEV exemption scheme permitted in April 2022.

Initially revealed By Mario Duran Ortiz for Alemonterotech.


 




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