Mexico Electric Car Market size is expected to reach US$ 185.61 Mn. by 2027

Mexico Electric Car Market size is expected to reach US$ 185.61 Mn. by 2027, at a CAGR of 12.13% during the forecast period.

Mexico Electric Car Market Overview:

Extensive primary and secondary research  Mexico Electric Car Market has been undertaken by a dedicated research team to conduct a comprehensive study of the worldwide industry’s market. The secondary research was employed to augment existing data, segment the market, evaluate the overall market size, forecast growth rates, and delve deeper into market analysis.

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Mexico Electric Car Market Scope:

Maximize, our team, aggregates market information and data from various sources to offer a more realistic regional perspective. The country-level analysis within the study relies on an examination of numerous regional stakeholders, regional tax regulations, consumer behavior patterns, and macroeconomic statistics.

Mexico Electric Car Market Drivers:

The CFE, along with the vehicle industry, is working to increase the recharging infrastructure in the country. Charging facilities have been installed in many states &, according to statistics published by the Federal Government, in February 2017 there were 699 in residence, 68 percent of which is civic. During the Mexico Energy Forum 2018, the CFE said that there are currently 900 charging facilities in the country, which means a rise of 201 charging centres, backed through a trust for Energy Transition & Sustainable Energy Use. In Mexico City, local regulation offers electric vehicles with eye-catching aids to endorse their purchase & use. Electric & hybrid vehicles are barred from the vehicle verification proceedings & can circulate daily without limitation, unlike other urban vehicles subjected to “no-circulation” packages. Parking lots, whether public & privately operated, must contain exclusive parking spots for electric & hybrid vehicles.

Mexico Electric Car Market Segmentation:

Mexico Electric Car Market, By Technology

• BEV
• PHEV
• HEV

Mexico Electric Car Market, By Product

• Hatchback
• Sedan
• SUV
• Others

Mexico Electric Car Market, By Battery

• LFP
• Li-NMC
• Others

Mexico Electric Car Market, By Battery Capacity

• >201 Ah
• <201 Ah

Mexico Electric Car Market, By End-User

• Shared mobility providers
• Government organizations
• Personal users
• Others

 

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Mexico Electric Car Market Key Players: The prominent players include:

• BMW
• Mercedes Benz
• Renault
• Mistubishi
• Nissan
• Peugeot
• Smart
• Tesla
• ABB
• Eaton
• AVL
• Alfen
• Delphi Automotive
• Volkswagen.

Regional Analysis:

The country-level assessment of the Mexico Electric Car Market focuses on categories identified as potential areas for high growth, countries holding significant market shares, and those demonstrating high developmental prospects. Regional breakdowns in the Mexico Electric Car Market report encompass North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.

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COVID-19 Impact Analysis on Mexico Electric Car Market: The report also incorporates an analysis of the impact of COVID-19 on the global Mexico Electric Car market.

Key Questions Addressed in the Mexico Electric Car Market Report:

1. Which product segment dominated the Mexico Electric Car market share in 2020?
2. How is the anticipated competitive landscape of the Mexico Electric Car market forecasted for the period 2021-2027?
3. What are the primary factors contributing to the growth of the Mexico Electric Car market?
4. Which region accounted for the largest share in the Mexico Electric Car market in 2020?
5. What is the projected Compound Annual Growth Rate (CAGR) of the global Mexico Electric Car market during the forecast period (2021-2027)?

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