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 reviews for Mexico, we knew that the accessible knowledge was restricted to these firms that make up a part of the Mexican Automotive Affiliation. Nonetheless, our evaluation on mannequin vs. combination 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 mistaken.

I’ve to thank José Pontes, who identified to me that Mexico’s official knowledge didn’t match the reviews in Mexican media. For 2024, the alleged BYD gross sales in Mexico — as reported in a number of information shops — had been larger than the overall tally for the yr, in response to our sources. This led me by a rabbit gap of inconsistent numbers and complicated headlines till I discovered what appears to be an inexpensive supply presenting whole EV gross sales with data straight from the manufacturers.

Our knowledge is simply nearly as good as our sources are, and I can’t vouch that this time we will probably be 100% on level, however I do count on that these numbers will probably be nearer to actuality than they had been the final time round. And the excellent news is: Mexico is way more forward than we initially thought!

Market Overview

Over 40.000 EVs have been bought in Mexico by 2025, a quantity that greater than doubles our earlier estimates based mostly 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 knowledge accessible from the manufacturers (which we’ll use going ahead) solely reviews gross sales from 2024, and solely quarterly, so there’s much less element than we’re accustomed to. Nonetheless, 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 fall 2024 however fell to five.3% in Q1 2025. As extra data comes out, we will decide if this was a one-time occasion, or if Mexico’s market is cyclical (like China’s), with larger EV adoption within the latter moths of the yr.

Sadly, our new supply presents no data relating to mannequin gross sales. Nonetheless, in response to Mexican media, BYD reported some 40.000 gross sales in 2024, which might characterize 57% of whole EV gross sales available in the market.

For 2025, out of 43,000 whole EVs bought, we discover that some 28,000 correspond to BYD, Tesla, and SEV, whereas the remainder (~15,000) could be gross sales from manufacturers within the Mexican Automotive Affiliation. BYD stays the seemingly 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 reviews, however, frankly, it’s a bit robust in the event you can’t belief knowledge on car gross sales from a rustic’s freaking Statistics Institute that makes reviews on car gross sales.

The excellent news is, all my earlier theories on why Mexico’s EV gross sales remained so low at the moment are 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 world 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 actually a disgrace that geopolitics have soured on this nation changing into one other hub for Chinese language manufacturers. BYD’s absence will little question harm the business, however optimistically, different smaller, much less identified firms 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 numerous levels of success, and it might grow to be a “Mexican” model within the eyes of the locals if it commits to develop fashions for Latin America within the nation.

Mexico’s position 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, however it appears BMW has now pushed that deadline to 2027, when its San Luis Potosí plant will probably be absolutely able to construct the Neue Klasse automobiles. In the meantime, Audi apparently assembles some batteries onsite, which might in all probability be used within the PHEV model of its Q5. Some impartial firms like ErgoSolar are additionally beginning to eye battery manufacturing on Mexican soil, however that’s primarily with the storage market in thoughts.

Finally, Claudia Sheinbaum, Mexico’s president, is pushing for a regionally made “Individuals’s Automobile” known as Olinia. The mission has developed 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 predicted throughout the subsequent few weeks, whereas mass-production needs to be underway by mid-2026.

With a lot volatility, and with Mexico being so weak to US politics, the long run stays to be seen, however at this level I’d be shocked if at the very least a pair manufacturers don’t guess large 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 very least throughout the megalopolis. And we’ll preserve doing our greatest effort to carry extra correct data to our readers right here at CleanTechnica!