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The Eletric cars in Brazil is experiencing extraordinary growth, reveal data from the Brazilian Electric Vehicle Association (ABVE). In the first eight months of 2023, 49.052 units were sold, a notable increase of 76% compared to the same period the previous year, when only 27.812 electric cars were registered.
This year, electric car sales are on track to surpass 2022's total of 49.245 vehicles. Furthermore, the share of these vehicles in the Brazilian automotive market is constantly growing. From January to August, electric cars represented 3,6% of the market share in relation to total vehicle sales, compared to 2,29% in the previous year.
Variety in Electric Car Options
The research considers a variety of electric cars, including mild hybrids (HEV), plug-in hybrids (PHEV), pure electric (BEV) and HEV flex. A notable change in the market is the increase in the share of plug-in models. Of the 49 thousand registered vehicles, 17.3 thousand were plug-in hybrids, representing a market share of 47%, compared to 36% in the previous year.
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While traditional hybrids still lead with 53% market share and 25.839 registrations, fully electric vehicles are also gaining ground, with 5.895 units sold by August 2023, an increase of 23% compared to 2022.
Charging Infrastructure and Future Investments
Growth in the electric car market has also driven the development of charging infrastructure. In August 2023, Brazil already had 3,8 public and semi-public charging stations, representing an increase of 28% compared to December 2022. However, there is still a deficit, with an average of 15 plug-in electric vehicles for each recharging point, while international recommendations suggest a proportion of 10 vehicles per refueling point.
With the approval of the Fuel of the Future PL, it is expected that the Brazilian automobile industry will invest around R$14 billion in infrastructure for electric cars by 2035, which could significantly contribute to the expansion of the market.
The Southeast region of Brazil leads in terms of concentration of electric cars, with São Paulo accounting for 35% of registrations, followed by Rio de Janeiro and Santa Catarina. Municipalities such as Anápolis (GO) and Campinas (SP) also play a crucial role in the adoption of these vehicles, occupying significant positions in the ranking of cities with the highest number of registrations.
The Eletric cars in Brazil is clearly on the rise, with a significant increase in sales, investments in infrastructure and a wide variety of options available to consumers. The tendency is for this evolution to continue in the coming years, making Brazil an important player in the electric vehicle market.
