Mexico EV Gross sales Report: It Turns Out, Official Information Has Been Underreporting Gross sales, and Mexico’s EV Market Is Additional Forward than We Anticipated!

Final Up to date on: twenty sixth July 2025, 01:43 am

Once we began engaged on our experiences for Mexico, we knew that the obtainable knowledge was restricted to these corporations that make up a part of the Mexican Automotive Affiliation. Nevertheless, our evaluation on mannequin vs. mixture gross sales knowledge satisfied us that the restrictions had been confined to mannequin gross sales, and the combination EV gross sales report was correct.

It seems, we had been improper.

I’ve to thank José Pontes, who identified to me that Mexico’s official knowledge didn’t match the experiences in Mexican media. For 2024, the alleged BYD gross sales in Mexico — as reported in a number of information retailers — had been increased than the entire tally for the yr, in line with our sources. This led me via a rabbit gap of inconsistent numbers and complicated headlines till I discovered what appears to be an affordable supply presenting complete EV gross sales with info immediately from the manufacturers.

Our knowledge is simply pretty much as good as our sources are, and I can not vouch that this time we shall be 100% on level, however I do anticipate that these numbers shall be nearer to actuality than they had been the final time round. And the excellent news is: Mexico is rather more forward than we initially thought!

Market Overview

Over 40.000 EVs have been bought in Mexico via 2025, a quantity that greater than doubles our earlier estimates primarily based upon knowledge from Mexico’s Statistical Institute.  This represents a 170% development from the primary semester in 2024! PHEVs dominate the market with round 55% of all EV gross sales, and BEVs account for the opposite 45%:

The data obtainable from the manufacturers (which we are going to use going ahead) solely experiences gross sales from 2024, and solely quarterly, so there’s much less element than we’re accustomed to. Nevertheless, the numbers converse for themselves, as EVs stood at 6.4% market share in Mexico final quarter — solely barely behind Brazil — making it the 5^th market within the area to surpass the 5% mark!

Market share rose to over 8% in This autumn 2024 however fell to five.3% in Q1 2025. As extra info comes out, we will decide if this was a one-time occasion, or if Mexico’s market is cyclical (like China’s), with increased EV adoption within the latter moths of the yr.

Sadly, our new supply presents no info relating to mannequin gross sales. Nevertheless, in line with Mexican media, BYD reported some 40.000 gross sales in 2024, which might characterize 57% of complete EV gross sales out there.

For 2025, out of 43,000 complete EVs bought, we discover that some 28,000 correspond to BYD, Tesla, and SEV, whereas the remainder (~15,000) can be gross sales from manufacturers within the Mexican Automotive Affiliation. BYD stays the doubtless chief, however we can’t be sure what number of EVs are being bought from Tesla, SEV, and maybe different obscure manufacturers that aren’t but on our radar.

Last Ideas

I apologize to all our readers who had been misled by earlier experiences, however, frankly, it’s a bit robust when you can not belief knowledge on automobile gross sales from a rustic’s freaking Statistics Institute that makes experiences on automobile gross sales.

The excellent news is, all my earlier theories on why Mexico’s EV gross sales remained so low are actually moot, as EV gross sales weren’t that low to start with. With Mexico and Brazil each over 5% market share, Latin America can not be thought-about a laggard in international EV adoption, as these two international locations account for some 70% of auto gross sales within the area.

As EV gross sales develop in Mexico, it’s really a disgrace that geopolitics have soured on this nation turning into one other hub for Chinese language manufacturers. BYD’s absence will little question damage the business, however expectantly, different smaller, much less recognized corporations could make up for it as long as US President Donald Trump stays distracted in another journey throughout the Atlantic. MG, specifically, has entered a number of markets with varied levels of success, and it may turn into a “Mexican” model within the eyes of the locals if it commits to develop fashions for Latin America within the nation.

Mexico’s function in Legacy Auto’s electrification efforts stays underway, even when undercut by Trump’s insurance policies. For instance: in late 2024, BMW and Audi introduced operation on battery and BEV manufacturing for 2025, nevertheless it appears BMW has now pushed that deadline to 2027, when its San Luis Potosí plant shall be absolutely able to construct the Neue Klasse automobiles. In the meantime, Audi apparently assembles some batteries onsite, which might most likely be used within the PHEV model of its Q5. Some unbiased corporations like ErgoSolar are additionally beginning to eye battery manufacturing on Mexican soil, however that’s primarily with the storage market in thoughts.

Eventually, Claudia Sheinbaum, Mexico’s president, is pushing for a domestically made “Folks’s Automobile” known as Olinia. The challenge has advanced to incorporate three fashions between MXN$90,000 and MXN$150,000 ($4,500 to $8,000), together with two quadracycles for 2 and 4 passengers, and one city-car. The prototype is anticipated throughout the subsequent few weeks, whereas mass-production needs to be underway by mid-2026.

With a lot volatility, and with Mexico being so susceptible to US politics, the long run stays to be seen, however at this level I’d be shocked if at the least a pair manufacturers don’t guess massive within the nation, bringing EV manufacturing to Mexican lands. Mexico Metropolis’s air high quality is the stuff of nightmares, so visitors restrictions are vital and can stay so sooner or later, selling EV gross sales at the least throughout the megalopolis. And we’ll hold doing our greatest effort to convey extra correct info to our readers right here at CleanTechnica!