Mexico Aims for 250,000 EVs Produced, 147,000 Sold in 2025

Mexico is projected to close 2025 with over 250,000 electric vehicles (EVs) produced and around 147,000 electrified units sold, according to Cluster Industrial B2B’s 2025 Electromobility Mapping. The study identifies more than 450 companies contributing to the country’s growing electric mobility ecosystem.

From January to August 2025, Mexico produced 163,778 battery electric vehicles (BEVs), a 30.5% increase compared to the same period in 2024. The country is on track to reach 252,050 units by year-end, representing a 21.8% annual growth rate. Since 2020, Mexico has assembled 624,984 EVs, making it Latin America’s largest producer and a vital partner in the North American market.

Chevrolet, Ford, Honda, and Stellantis continue to lead Mexico’s EV output. The Chevrolet Equinox EV recorded 55,138 units produced between January and August, up 57.1% year-over-year, followed by the Ford Mustang Mach-E with 49,342 units, a 47.7% increase. Other notable models include the Honda Prologue (24,575), Chevrolet Blazer EV (13,805), Cadillac Optiq (11,966), and Jeep Wagoneer S (8,331), the latter showing a sharp rise in production.

Domestic EV and hybrid sales showed mixed results. From January to August, 13,292 pure EVs were sold, down 21.4% from 2024, while plug-in hybrids rose 53.9% to 6,560 units and conventional hybrids increased 27.2% to 68,417. Cluster Industrial estimates total electrified vehicle sales will reach 147,482 units by year-end, up 18.6% from 2024.

The mapping also shows a 3% increase in active suppliers, now totaling 453 companies across 29 technical subcategories in nine industrial areas, including battery systems, powertrain components, thermal management, and power control. Traditional hubs such as Guanajuato, Coahuila, Queretaro, San Luis Potosi, and Nuevo Leon remain central, while Durango and Puebla are emerging as new Tier 2 and Tier 3 centers.

Direct foreign investment in electromobility reached US$606.4 million across 18 projects by Q3 2025. Key investments include:

• Giant Motors (JAC) in Hidalgo – US$160.6 million for EV assembly and testing facilities
   

• Seojin Mobility (South Korea) in Nuevo Leon – US$160 million for motor components
   

• TYW Manufacturing (China) in Irapuato – creating over 1,000 jobs
   

• Additional projects by NHK Spring (Japan), Kyungshin Cable (Korea), and Schaeffler (Germany) totaling more than US$120 million

According to Cluster Industrial B2B, “Mexico is no longer just assembling vehicles; it is expanding its role in engineering, validation, and component design to meet OEM demand.”