Analysis
29 Mar 21

Wikifleet update: Public, private sector push EV in Mexico

Federal, state, and municipal governments as well as the private sector are jointly helping the push electric vehicles (EV) in Latin America’s second largest vehicle market, Mexico.

In terms of legislative measures, unlike some other countries in Latin America, Mexico has already mandated tax breaks on EV imports as well as purchases. Governments are also working toward tax incentives on the ownership and circulation of these vehicles and seeking to charge lower fees at tollbooths, parking facilities and related services.

National electrification policies are also in the works, one being the country’s climate legislation target which involves cutting emissions in half by 2050 from the level seen in 2000. The country is also seeking to have 35% renewable energy by 2024, according to Global Fleet’s Wikifleet Mexico page.

Moreover, Mexico City intends to have 500 trolleybuses running along zero-emission EV routes throughout the city by 2024, in addition to starting a ban on diesel vehicles in 2025. Other cities pushing EV in the country are Cuernavaca, Nuevo Leon, Guadalahara, Aguascalientes, Leon, and Tampico.

Nationwide, more than 20,000 electrified vehicles are running along roads, with less than 5% being full electric. At least 1,000 EV charging stations are in the country, much of this supported by the Supercharger network of Tesla. Mexico is the only country in Latin America with this network.

Regarding the private sector, the main automakers offering EVs in the country are Nissan, Tesla, Renault, BMW, GM, Porsche, Mercedes-Benz, Fiat, and Ford. The main charge point producers are ABB, Bosch, GE, Schneider Electric, Siemans, and Tesla, according to Wikifleet Mexico.

Some of the full-electric models available in Mexico

Brand

Model/Models

Audi

e-Tron

BMW

i3, i4, i8

Chevrolet

Bolt

Fiat

500

Ford

Mustang Mach E

Jac

E SEI 1, E SEI 2, E SEI 4

Jaguar

I-Pace

Mercedes-Benz

EQC

Nissan

Leaf

Porsche

Cayenne SE, Panamera SE

Renault

Twizy, Kangoo Z.E.

Tesla

Model 3, Model S, Model X, Model Y

Zacua

M2, M3

 

Zacua M2, M3, Mexican produced full-electric vehicles (source: Zacua)

As for fleet managers, besides being up to par with the most recent electrification initiatives underway at federal, state, and municipal levels, knowing the price of gasoline v.s. electricity is key in the country.

In mid-March 2021, the average price of petrol per liter in the country was US$1.04 (same for diesel) while the average price of electricity per kWh (in 2020) was US$0.08 for households and US$0.16 for Businesses.

For more information on Mexico and other countries, visit Wikifleet, a collaborative effort by the Global Fleet team covering five regions and nearly 50 countries throughout the world. 

Authored by: Daniel Bland