South America's electric vehicle charging stations market is estimated at US$218.576 million in 2024 and is anticipated to attain US$654.532 million by 2029, at a CAGR of 24.53%.
An EV (electric vehicles) charging station is a hub or center that offers charging solutions to these vehicles. This links an EV to a power source, allowing electric vehicles, like passenger cars, two/three wheel EVs, fleets, and electric transport vehicles, to charge their batteries. The EV charging station market is expected to grow significantly in South America, mainly with the increasing ownership of electric vehicles and theintroduction of new policies and investment plants to boost the nation's EV infrastructure.
The electric vehicle charging market in the region is expanding significantly, attributed to multiple factors, including rapid urbanization, theintroduction of policies and projects by the governments to develop the electric vehicle ecosystem, and increasing demand for electric vehicles in the region. With the increasing demand and popularity of electric vehicles in the region, the need for an efficient and accessible charging solution will increase, creating new opportunities for businesses to invest inthe region’s electric vehicle charging station market.
South America Electric Vehicle Charging Stations Market Drivers:
- Increasing demand for electric or zero-emission vehicles in South America
One of themajor factors driving the South American electric vehicle charging station market growth is its increasing demand for electric vehicles. The International Energy Agency, in its report, stated that in 2023, 90,000 EVs were sold in Latin America. The agency further noted that in Brazil, 14,300 EVs were sold in 2021, including 8,300 Chinese automotive and 6,000 others. The total sales of EVs in Brazil expanded to about 52,300, which constitutes 40,600 from Chinese automakers.
Similarly, the sales of electric or zero-emission vehicles also increased significantly. The National Automotive Association of Chile (ANAC), in its report, stated that in 2023, about 1,588 fully electric vehicles were sold in the nation, an increase of about 22% compared to the previous year.
Reasons for buying this report::
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
- Historical data & forecasts from 2022 to 2029
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The South American Electric Vehicle Charging Stations market is segmented and analyzed as follows:
- By Vehicle type
- Battery Electric Vehicle (BEVs)
- Plug-in Hybrid Electric Vehicle (PHEV)
- By Application
- Commercial
- Residential
- By Charging type
- AC Charging (Level 1 and Level 2)
- DC Charging
- By Country
- Brazil
- Argentina
- Chile
- Others
An EV (electric vehicles) charging station is a hub or center that offers charging solutions to these vehicles. This links an EV to a power source, allowing electric vehicles, like passenger cars, two/three wheel EVs, fleets, and electric transport vehicles, to charge their batteries. The EV charging station market is expected to grow significantly in South America, mainly with the increasing ownership of electric vehicles and theintroduction of new policies and investment plants to boost the nation's EV infrastructure.
The electric vehicle charging market in the region is expanding significantly, attributed to multiple factors, including rapid urbanization, theintroduction of policies and projects by the governments to develop the electric vehicle ecosystem, and increasing demand for electric vehicles in the region. With the increasing demand and popularity of electric vehicles in the region, the need for an efficient and accessible charging solution will increase, creating new opportunities for businesses to invest inthe region’s electric vehicle charging station market.
South America Electric Vehicle Charging Stations Market Drivers:
- Increasing demand for electric or zero-emission vehicles in South America
One of themajor factors driving the South American electric vehicle charging station market growth is its increasing demand for electric vehicles. The International Energy Agency, in its report, stated that in 2023, 90,000 EVs were sold in Latin America. The agency further noted that in Brazil, 14,300 EVs were sold in 2021, including 8,300 Chinese automotive and 6,000 others. The total sales of EVs in Brazil expanded to about 52,300, which constitutes 40,600 from Chinese automakers.
Similarly, the sales of electric or zero-emission vehicles also increased significantly. The National Automotive Association of Chile (ANAC), in its report, stated that in 2023, about 1,588 fully electric vehicles were sold in the nation, an increase of about 22% compared to the previous year.
Reasons for buying this report::
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
- Historical data & forecasts from 2022 to 2029
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
The South American Electric Vehicle Charging Stations market is segmented and analyzed as follows:
- By Vehicle type
- Battery Electric Vehicle (BEVs)
- Plug-in Hybrid Electric Vehicle (PHEV)
- By Application
- Commercial
- Residential
- By Charging type
- AC Charging (Level 1 and Level 2)
- DC Charging
- By Country
- Brazil
- Argentina
- Chile
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. SOUTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY VEHICLE TYPE
6. SOUTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY APPLICATION
7. SOUTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY CHARGING TYPE
8. SOUTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY COUNTRY
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
10. COMPANY PROFILES
Companies Mentioned
Some of the key companies profiled in this South America Electric Vehicle Charging Stations Market report include:- Blink Charging Co.
- Enel
- Delta Electronics, Inc.
- Tesla, Inc.
- BMW
- ENGIE
- ABB Ltd
- Teison Energy Technology Co., Ltd.
- Copec SA
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | October 2024 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value ( USD | $ 218.58 million |
| Forecasted Market Value ( USD | $ 654.53 million |
| Compound Annual Growth Rate | 24.5% |
| No. of Companies Mentioned | 9 |
