Mexico is now the main exporter of electrical automobiles to the US

Mexico has grow to be the main exporter of electrical automobiles to the US, surpassing automotive giants resembling Japan and South Korea, in response to the third EvolvX Mexico Mobility Report performed by Latam Mobility.

The report, introduced this week, reveals that Mexico exported some 145,000 electrical automobiles (EVs) to the U.S. final 12 months, primarily fashions by Normal Motors, Ford, Stellantis and Toyota. The determine represents threefold progress and exceeds the variety of items exported by conventional auto export leaders Japan and South Korea, at 135,000 every.

Along with growing its export capability, Mexico doubled its manufacturing in 2024, reaching 220,000 items. 

And it seems headed to surpass that whole this 12 months. Knowledge from the Nationwide Institute of Geography and Statistics (INEGI) reveals that Mexico’s manufacturing of EVs and hybrid automobiles has reached 214,203 items by way of September, representing a 39.3% enhance in comparison with the identical interval in 2024.

“This variation confirms Mexico’s strategic function as a key participant within the clear mobility provide chain in North America, supported by its aggressive manufacturing base, human capital, and increasing charging infrastructure community,” Rebeca González, co-founder of Latam Mobility mentioned. 

González added that worldwide funding in Mexican advanced-manufacturing crops and the power of the nationwide automotive business had been key elements for its progress. 

The EvolvX report says that Mexico has one of many highest ratios of EVs per public charging level on this planet, with 40 items per charger. That ratio displays an accelerated tempo of adaption to electricity-powered automobiles nevertheless it additionally demonstrates an pressing have to broaden the charging community.

“Mexico faces related challenges to Australia or New Zealand, attribute of markets transitioning from reasonable progress to huge enlargement,” González defined. “The problem and alternative for the nation shall be to align its manufacturing management with a charging infrastructure that matches its potential in sustainable mobility.”

Moreover, the report revealed that in Mexico, eight out of each 100 buses bought in 2024 had been electrical, in comparison with simply over 1% in 2023.

General, the Mexican automotive business represents one of many pillars of bilateral commerce with the U.S.,  with annual exports exceeding US $78.5 billion and a share of practically 40% of whole U.S. automotive imports.

With reviews from Mexico Business and El Economista