EV Sales Are Booming In Bolivia As The New President Scraps The Fuel Subsidy - CleanTechnica

The article discusses the rapid growth of electric vehicle (EV) sales in Bolivia, driven largely by the new president's decision to eliminate longstanding fuel subsidies amid a prolonged fuel crisis. Bolivia, a country with a significant indigenous population and a history of leftist political leadership under Evo Morales, has traditionally subsidized fossil fuels to keep prices low. These subsidies were sustainable during the commodity boom years when Bolivia had strong fossil fuel production, but production has since declined sharply, making subsidies increasingly costly and untenable. Historically, Bolivia's fuel prices were frozen multiple times to control inflation and maintain affordability, supporting a growing fleet of internal combustion engine vehicles (ICEVs). However, as fossil fuel production dropped by about 50% over the past decade, the government faced mounting financial pressure. The removal of fuel subsidies under the new administration has accelerated the shift away from ICEVs toward EVs, marking a significant transformation in Bolivia’s transportation sector. Despite challenges in obtaining precise sales data, the trend indicates a burgeoning EV revolution