EV Uptake is Now Surging in South America
Recent data points to a notable surge in electric vehicle purchases across South America, marking a major reversal of the region's EV adoption trajectory after it spent most of the 2010s lagging behind the U.S., China, and Europe. Although South America is undoubtedly late to the electric vehicle transition and remains a minor player in the global EV market, it has been adopting electric cars at a blistering pace over the past couple of years. As 2024 drew to a close, several South American markets had passed the 5% electric vehicle sales threshold that signals rapid EV adoption has begun. …
