The electric vehicle and charging infrastructure market in Mexico is expected to grow by 28.7% on annual basis to reach US$794.1 million in 2025.
The electric vehicle and charging infrastructure market in the country has experienced robust growth during 2020-2024, achieving a CAGR of 36.3%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 22.6% during 2025-2029. By the end of 2029, the electric vehicle and charging infrastructure market is projected to expand from its 2024 value of USD 616.9 million to approximately USD 1.79 billion.
A combination of updated policy frameworks, strategic charging infrastructure deployment, and evolving fleet management strategies shapes Mexico’s EV sector.
Over the next 2-4 years, these trends are projected to mutually reinforce one another, leading to a more structured and sustainable electric mobility environment in Mexico.
It breaks down market opportunities by total vehicle and electric vehicle, drive type, car segment and cars' sub-segment, vehicle class, powertrain, distance range, charging type, propulsion type, vehicle connectivity, vehicle type, and cities. In addition, it provides a snapshot across electric vehicle charging infrastructure, and, charging stations.
The report also segments the market by type of charging infrastructure by charging type, infrastructure by number of installation types, number of charging infrastructure by location, number of charging infrastructure by charging speed, number of charging infrastructure by vehicle, number of charging infrastructure type ac, number of charging infrastructure by type, number of charging infrastructure by connectivity offering insights into end user trends. KPIs in value terms help in gaining an in-depth understanding of end-market dynamics.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
The electric vehicle and charging infrastructure market in the country has experienced robust growth during 2020-2024, achieving a CAGR of 36.3%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 22.6% during 2025-2029. By the end of 2029, the electric vehicle and charging infrastructure market is projected to expand from its 2024 value of USD 616.9 million to approximately USD 1.79 billion.
A combination of updated policy frameworks, strategic charging infrastructure deployment, and evolving fleet management strategies shapes Mexico’s EV sector.
Over the next 2-4 years, these trends are projected to mutually reinforce one another, leading to a more structured and sustainable electric mobility environment in Mexico.
Revise Policy Frameworks to Promote EV Adoption
- Mexican authorities have updated regulatory measures and incentive programs to support electric mobility. Recent policy adjustments in regions such as Mexico City and Jalisco provide a framework for cleaner transport solutions.
- National environmental targets and local air quality challenges are key factors prompting these policy shifts.
- Broader industry trends in retail and ecommerce - focused on reducing operational costs and enhancing efficiency - reinforce the need for a sustainable mobility approach.
- As regulatory frameworks mature, there is an expectation of a gradual but consistent increase in EV adoption among private consumers and commercial fleets.
- No instances of EV-related apps or digital platforms being banned have been reported in Mexico.
Deploy Charging Infrastructure and Advance Battery Systems
- Public charging stations are expanding, with pilot projects underway in urban centers such as Mexico City, Monterrey, and Guadalajara. For example, public-private partnerships have begun installing fast-charging units at key transit locations.
- These initiatives are supported by investments from state agencies and private entities, alongside technology improvements in battery management drawn from renewable energy sectors.
- Integrating digital payment systems - widely adopted in Mexico’s retail and ecommerce environments - also facilitates smoother deployment and usage of charging infrastructure.
- A more extensive charging station network is anticipated to lower range concerns, fostering broader EV usage across urban and suburban areas.
Shift Fleet and Consumer Strategies Toward Electrification
- Both individual vehicle owners and commercial fleet operators are reassessing the total cost of ownership, with last-mile delivery services transitioning to electric vans in metropolitan areas as an example.
- Rising fuel prices, urban congestion, and environmental regulatory pressures encourage the shift toward electric mobility.
- The focus on operational cost efficiencies in sectors such as retail and logistics further supports the adoption of EVs.
- The benefits of reduced operating costs are expected to drive more intensive adoption in both private and commercial segments over the next few years.
Competitive Landscape for Mexico’s EV Market
The current competitive environment in Mexico’s EV market features a mix of established players and emerging innovators, supported by evolving payment solutions and strategic collaborations. Over the next 2-4 years, market integration and consolidation are anticipated to drive competitive intensity, resulting in a more standardized and operationally efficient EV ecosystem in Mexico.Evaluate Prepaid Card Solutions in Charging Payments
- Some charging network operators are piloting prepaid card systems to simplify transactions at EV charging stations.
- These initiatives are being integrated with popular digital wallet platforms in Mexico’s retail and ecommerce sectors, aiming to improve transaction efficiency and user convenience.
Key Players and New Entrants in the Market
- Established international automakers and local manufacturers maintain positions in Mexico’s EV market.
- New entrants, including startups focusing on two-wheeler electrification and innovative fleet management solutions, are emerging, adding diversity to the competitive landscape.
Forecast Evolving Competitive Dynamics Over the Next 2-4 Years
- Mexico's electric vehicle market is expected to evolve significantly over the next two to four years, with companies broadening their portfolios to integrate vehicle sales, charging solutions, and digital payment systems. This integrated approach is designed to provide a seamless experience for consumers while setting the stage for enhanced service offerings. As the market matures, players are likely to differentiate themselves through innovative, all-in-one mobility solutions.
- In parallel, increased strategic partnerships and consolidation efforts will intensify the competitive landscape. Such collaborations and mergers are anticipated to drive operational efficiency and promote standardization across the sector, ultimately streamlining processes and reducing costs. This dynamic evolution is poised to accelerate the adoption of electric vehicles, contributing to a more sustainable and interconnected transportation ecosystem in Mexico.
It breaks down market opportunities by total vehicle and electric vehicle, drive type, car segment and cars' sub-segment, vehicle class, powertrain, distance range, charging type, propulsion type, vehicle connectivity, vehicle type, and cities. In addition, it provides a snapshot across electric vehicle charging infrastructure, and, charging stations.
The report also segments the market by type of charging infrastructure by charging type, infrastructure by number of installation types, number of charging infrastructure by location, number of charging infrastructure by charging speed, number of charging infrastructure by vehicle, number of charging infrastructure type ac, number of charging infrastructure by type, number of charging infrastructure by connectivity offering insights into end user trends. KPIs in value terms help in gaining an in-depth understanding of end-market dynamics.
The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
Scope
This report provides in-depth data-centric analysis of electric vehicle and charging infrastructure Market in Mexico through 67 tables and 87 charts. Below is a summary of key market segments:Mexico Overall Vehicle Market Size and Future Growth Dynamics
- Market Size by Value
- Market Size by Volume
Mexico Electric Vehicle Market Size and Forecast
- Market Size by Value
- Market Size by Volume
Mexico Electric Vehicle Market Volume by Drive Segment
- Front Wheel Drive
- Rear Wheel Drive
- All-Wheel Drive
Mexico Electric Vehicle Market Value by Car Segment
- Passenger Car
- Commercial Vehicle
Mexico Electric Vehicle Market Value by Passenger Car Segment
- Small Car
- Medium Car
- Crossover Car
- Large Car
- SUV
Mexico Electric Vehicle Market Value by Commercial Vehicle Segment
- Light Duty Vehicle (Class 1-Class 3)
- Medium Duty Vehicle (Class 4-Class 6)
- Heavy Duty Vehicle (Class 7-Class 8)
Mexico Electric Vehicle Market Value by Vehicle Class
- Low-Priced
- Mid-Priced
- Luxury Class
Mexico Electric Vehicle Market Value by Powertrain
- Parallel Hybrid
- Series Hybrid
- Combined Hybrid
Mexico Electric Vehicle Market Value by Distance Range
- Up to 150 Miles
- 151-300 Miles
- Above 300 Miles
Mexico Electric Vehicle Market Value by Charging Type
- Normal Charging
- Super Charging
Mexico Electric Vehicle Market Value by Propulsion Type
- Plug-In Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicles (BEVs)
- Hybrid Electric Vehicles (HEVs)
- Fuel Cell Electric Vehicles (FCEVs)
Mexico Electric Vehicle Market Value by Vehicle Connectivity
- Electric Vehicle to Building, (V2B or V2H)
- Electric Vehicle to Grid, (V2G)
- Electric Vehicle to Vehicle, (V2V)
- Electric Vehicle to Everything (V2X)
Mexico Electric Vehicle Market Value by Cities
- Tier 1 Cities
- Tier 2 Cities
- Tier 3 Cities
Mexico Electric Vehicle Infrastructure Market Value
Mexico Electric Vehicle Infrastructure Market Volume
- Number of Charging Infrastructure
- Number of Charging Stations
Mexico Electric Vehicle - Number of Charging Infrastructure by Charging Type
- Alternating Current (AC)
- Direct Current (DC)
Mexico Electric Vehicle Infrastructure by Number of Installation Types
- Fixed Installation Type
- Portable Installation Type
Mexico Electric Vehicle - Number of Charging Infrastructure by Location
- Residential and Destination
- Streets
- Workplaces
- Fleet depots
Mexico Electric Vehicle - Number of Charging Infrastructure by Charging Speed
- Slow
- Fast
- Rapid
- Ultrarapid
Mexico Electric Vehicle - Number of Charging Infrastructure by Vehicle
- Passenger Cars
- Buses
- Trucks
- Light Commercial Vehicles
Mexico Electric Vehicle - Number of Charging Infrastructure Type AC
- Level 1
- Level 2
Mexico Electric Vehicle - Number of Charging Infrastructure by Type
- CSS
- CHAdeMO
- GB/T
- Other
Mexico Electric Vehicle - Number of Charging Infrastructure by Connectivity
- Smart Charging Station
- Non-Connected Charging Station
Reasons to buy
The report provides a comprehensive overview of the Mexico's electric vehicle market and infrastructure, covering the following key aspects:- Mexico's market size by value and volume: This report provides detailed market size and forecast data for electric vehicles by value and volume. This data is essential for understanding the current and future potential of the market.
- Mexico's detailed EV market opportunity: This report segments the electric vehicle market by drive segment, car segment, commercial vehicle segment, passenger car segment, commercial vehicle segment, vehicle class, powertrain, distance range, charging type, propulsion type, vehicle type, and cities. This segmentation provides a granular view of the market and helps to identify key growth areas.
- Mexico's EV infrastructure: This report also provides a comprehensive overview of the electric vehicle infrastructure market, including market size and forecast data, along with detailed market segmentation. This information is essential for businesses that are looking to invest in the electric vehicle infrastructure market.
- Mexico's EV market risk assessment: Granular segment level information helps in identifying new business opportunities and risks in the electric vehicle and infrastructure market.
Table of Contents
1 About this Report
2 Mexico Total Vehicle Market Size and Forecast
3 Mexico Total Electric Vehicle Market Size and Forecast
4 Mexico Electric Vehicle Market Size and Forecast Value Trend Analysis by Vehicle Drive Type
5 Mexico Electric Vehicle Market Size and Forecast by Vehicle Type
6 Mexico Electric Vehicle Market Size and Forecast by Passenger Car
7 Mexico Electric Vehicle Market Size and Forecast by Commercial Vehicle
8 Mexico Electric Vehicle Market Size and Forecast by Vehicle Class
9 Mexico Electric Vehicle Market Size and Forecast by PowerTrain
10 Mexico Electric Vehicle Market Size and Forecast by Distance Range
11 Mexico Electric Vehicle Market Size and Forecast by Charging Type
12 Mexico Electric Vehicle Market Size and Forecast by Propulsion Type
13 Mexico Electric Vehicle Market Size and Forecast by Vehicle Connectivity
14 Mexico Electric Vehicle Market Size and Forecast by City Type
15 Mexico Electric Vehicle Charging Infrastructure Market Size and Forecast
16 Mexico Electric Vehicle Infrastructure by Number of Charging Types
17 Mexico Electric Vehicle Infrastructure by Number of Installation Types
18 Mexico Electric Vehicle Infrastructure by Charging Infrastructure Locations
19 Mexico Electric Vehicle Infrastructure by Number of Charging Speed
20 Mexico Electric Vehicle - Number of Charging Infrastructure by Vehicle Type
21 Mexico Electric Vehicle - Number of Charging Infrastructure Type AC
22 Mexico Electric Vehicle - Number of Charging Infrastructure Type
23 Mexico Electric Vehicle- Number of Charging Infrastructure by Connectivity
24 Further Reading
List of Figures
List of Tables
