Mexico EV Sales Report: It Turns Out, Official Data Has Been Underreporting Sales, and Mexico's EV Market Is Further Ahead than We Expected! - CleanTechnica

The article reveals that official Mexican EV sales data has significantly underreported the true market size, with actual sales figures far exceeding previous estimates. While initial reports relied on data from the Mexican Automotive Association and the country’s Statistical Institute, new information sourced directly from brands and Mexican media indicates that over 40,000 electric vehicles (EVs) were sold in Mexico through 2025—more than double earlier projections. This represents a 170% growth from the first half of 2024. Plug-in hybrid electric vehicles (PHEVs) make up about 55% of sales, with battery electric vehicles (BEVs) accounting for the remaining 45%. Mexico’s EV market share reached 6.4% in late 2024, placing it fifth in Latin America and just behind Brazil, which signals a stronger regional adoption of EVs than previously thought. BYD emerges as the dominant player, reportedly accounting for 57% of total EV sales in 2024, with Tesla and SE