Increased opportunities for growth in electric mobility markets across Latin America are being emphasized by various businesses
The second edition of the Storage, Renewable, and Electric Vehicles Integration Forum saw a panel discussion on the synergies between Europe and Latin America in the race for electric vehicles (EVs). Experts Albert Torras, Matiás Díaz, and Gustavo Salerno provided a comprehensive analysis of the present and future of electromobility in Latin America.
In Argentina, Gustavo Salerno offers a critical yet optimistic view on the situation, stating that the country is opening up with tariff reductions for electric and hybrid vehicles. However, stability is needed to attract sustained investments. Salerno emphasised the urgency of advancing regulations that structure the charging business.
Meanwhile, the lack of a national tariff framework in Argentina prevents clear rules for those who want to invest in charging infrastructure. This is in contrast to countries like Chile, which is leading in adoption of EVs in the region, with a 193% increase in sales during the first quarter of 2025.
Paraguay is emerging as a destination for imports and industrial conversion, while Mexico offers a market with a large population and room for growth. Colombia stands out for its electric bus projects, and Uruguay's electric vehicle fleet quadrupled in less than two years thanks to a national network that includes chargers at service stations, tourist spots, and main routes.
The mixed model with high residential charging and well-located opportunity points is beginning to replicate in Latin American cities. CharIN is promoting the Megawatt (MCS) charging system, specifically designed for mining trucks and heavy machinery, and Scame Argentina plans to develop local charger production to supply the region.
However, only eight out of more than 14 countries in Latin America have technical criteria related to infrastructure, interoperability, or connector standards. The importance of establishing unique standards for seamless integration of charging networks on a continental scale was agreed upon by the panelists. Matiás Díaz concluded that Latin America is at a key moment and needs to move towards regional interoperability in electromobility.
Looking ahead, Argentina established a zero-tariff quota for the importation of EVs and HEVs at the beginning of 2025. Circontrol introduced its new "Sonic" range of chargers, with capacities from 22 kW to 400 kW, and is analyzing the integration of GBT and NACS if the markets demand it.
The AFIR regulation in Europe requires the installation of charging stations of at least 150 kW every 60 km on highways, providing a benchmark for Latin American countries to strive towards. With electric vehicle imports increased by 164% in the first quarter of the year, led by Chinese brands and utility models, the region is a fertile ground for the advancement of electromobility.
In conclusion, the panel discussion highlighted the potential for electromobility in Latin America, but also the challenges that need to be addressed to achieve sustainable growth. As the region continues to develop its charging infrastructure and regulatory framework, it is poised to become a significant player in the global EV market.
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