30 jan 24

Mexico EV uptake unveils need for more charging options

Mexican baker company Bimbo has one of the largest electric vehicle fleets in Latin America (2,508 units). DHL has 170 EVs running in Mexico, and the Latin American e-commerce platform Mercado Libre has around 165 EVs in the country.

In Mexico, but also across the region, electric vehicles are increasingly popular with e-commerce, delivery, and food companies. These fleets aim to reduce emissions, but also reduce operating costs.

Charging challenges

Electric vehicle fleets recharge their units at their own premises, preferably using renewable energy (solar or wind).  They also have the option of recharging them at public charging stations that exist across the country.

Currently, Mexico counts 2,089 public charging stations; by 2041 however, about 38,000 more charging stations will be required, according to data from the state-owned electricity utility company CFE.

The number of electric chargers is expected to increase, as 43% of Mexican consumers intend to buy an electric car in the next years, according to an analysis titled “EY Mobility Consumer Index” carried out by EY.

The number of electrified vehicles is expected to increase to 700,000 by 2041, from 43,000 today, according to CFE.

Mexico’s Charging Options

1) Domestic chargers: 120-volt AC

  • Description: Provides charging through a regular outlet
  • Charging time: 100% in 12 to 14 hours and 80% in 8 to 12 hours
  • Recommended use: Strictly domestic

2) Electric charger for domestic and corporate use: 208- to 240-volt AC

  • Description: It is the most common, due to its recharge time it is ideal for nights or the workday
  • Charging time: 100% in 3 to 4 hours and 80% in 2 to 3 hours
  • Recommended use: domestic and corporate

3) Fast Chargers: 400- to 900-volt DC

  • Description: Requires an electrical transformer to increase power, as it provides a fast and high-voltage recharging
  • Charging time: 100% in 20 -30 hours and 80% in 15 - 20 hours
  • Recommended use: Public use, preferably before a long trip

Source: CFE

Some of the providers to charge an EV are Volkswagen, Nissan, BMW, Tesla, Blink Charging, EVERGO, Chevrolet, Wallbox, Schneider Electric, Siemens, Enerlink, and Econduce, among others.

From added cost to cost-beneficial

In Mexico, every 100 km traveled in an electric vehicle costs approximately $72 Mexican pesos (€3.8) while those same 100 km in an ICE vehicle cost about $221 Mexican pesos (€11.7), according to the CFE.

Consequently, in Mexico as well, electrification delivers savings on running costs, in addition to generating less pollution.

 Picture Credit: Shutterstock 2399651919

Authored by: Rodrigo Alonso