Brazil's EV sales hit record high in 2024

: Electricity, Emissions, Metals
25/01/06

Brazil's sales of electric vehicles (EVs) increased by 90pc to a record 177,360 units in 2024, according to the electric vehicle association ABVE.

EV sales last year rose from 93,930 units in 2023. That includes battery electric vehicles (BEVs), hybrid electric vehicles (HEV), micro hybrid and mild hybrid electric vehicles (MHEV), plug-in hybrid electric vehicles (PHEV) and flex HEVs.

Disregarding micro hybrid units, which are not considered fully electrical, EV sales reached 173,530 last year, an 85pc increase from 2023.

Plug-in market rising

Sales of plug-in vehicles — including PHEVs and BVEs — totaled almost 125,625 in 2024, representing a 71pc of total EV sales and more than double from the 52,360 units sold in 2023.

The expansion of the recharging infrastructure in Brazil drove the plug-in market growth, reducing concerns about the utilization of EVs in long-distance travels.

There were more than 12,000 charging stations in the country as of early December, according to charging station management platform Tupi Mobilidade.

Hybrid vehicles without external chargers — such as HEVs, flex HEVs and MHEVs — accounted for 29pc of total sales in 2024, with around 51,735 units, a 24pc hike from 2023.

Sao Paulo keeps leading the way

Southeastern Sao Paulo state remained the leader of EV sales in Brazil, with nearly 56,820 units sold and accounting for 32pc of total sales, followed by federal district Brasilia, with 9pc.

Rio de Janeiro, Parana and Santa Catarina states represented 7.2pc, 6.8pc and 6.5pc, respectively, of Brazil's EVs sales.

By Maria Albuquerque

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