Mexico Sees 9.3% Growth in Charging Stations in Q324 EMA

The electric vehicle (EV) market in Mexico experienced substantial growth in the third quarter of 2024, driven by increasing sales and the expansion of charging infrastructure. According to the Electromobility Association (EMA), the number of charging stations across the country grew by 9.3%, while electric and plug-in hybrid vehicle sales surged by 34%. 

By the end of the third quarter, the number of electric vehicle connectors in Mexico reached 42,915, according to EMA’s data. Private charging stations, commonly located in residential areas, car dealerships, and company parking lots, accounted for the majority of this growth, with an increase of 9.97%. In total, 39,642 private chargers were operational by the end of September.

Public fast-charging stations, primarily used for long-distance travel, saw the most significant jump, rising by 65.5% to 187 stations, up from 113 in the previous quarter. Overall, there were 3,273 public charging stations at the end of the third quarter, representing nearly a 2% increase from the previous quarter.

"The expansion of the charging network is essential to support the increasing demand for electric vehicles. We are committed to working with the government and industry partners to ensure that Mexico’s charging infrastructure can meet future needs," said Eugenio Grandio, President, EMA.

Sales of electric and plug-in hybrid vehicles in Mexico also saw significant gains in the third quarter. Between July and September 2024, a total of 16,255 units were sold, marking a 34% increase from the previous quarter, according to EMA's Electromobility Barometer. Sales of electric vehicles alone rose by 27%, with 8,334 units sold. Plug-in hybrid sales grew even more, with a 46.3% increase, as 7,921 units were sold during the same period.

"Consumers are increasingly recognizing the environmental benefits of electric and hybrid vehicles, as well as the potential for long-term cost savings. We welcome the plans outlined by President Claudia Sheinbaum’s administration to accelerate the transition to electric mobility," said Grandio. 

In her 100-point plan, Sheinbaum committed to fostering policies that would stimulate the electric vehicle market in Mexico, particularly through incentives for consumers and manufacturers.

EMA has been working on a series of public policy proposals aimed at accelerating the adoption of electric vehicles. These proposals are set to be presented to various government departments, including the Ministry of Environment, the Ministry of Economy, and the Ministry of Energy. Among the key initiatives is a set of incentives that would coordinate efforts between manufacturers, dealers, companies, and the government to expand the electric vehicle fleet and reduce emissions.

"The elimination of tariffs has opened up the market to new participants and made electric vehicles more accessible to the general public, offering more affordable options," Grandio explained.

In addition to market and infrastructure growth, regulatory advancements are also supporting the sector. The Mexican Energy Regulatory Commission (CRE) has recently issued new General Administrative Provisions (DAGS) concerning charging infrastructure, providing clearer guidelines for the development of the charging network.

"We are closely collaborating with the regulatory bodies to ensure that these provisions are adapted to the current and future challenges of electric mobility," Grandio said. EMA plans to continue working with relevant entities to improve and implement these regulations in a way that facilitates access to charging infrastructure for all users in Mexico.