Mexico Electric Car Market size is expected to reach US$ 185.61 Mn. by 2027, at a CAGR of 12.13% during the forecast period.
Mexico Electric Car Market Overview:
For the global industry's Mexico Electric Car Market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to enhance the existing data, segment the market, estimate overall market size, predict market size, and growth rate.
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Mexico Electric Car Market Scope:
The scope of our project is to gather comprehensive market information and data from a diverse range of sources to provide a more precise and holistic regional perspective. Our primary focus is on conducting in-depth country-level analysis, which involves examining multiple facets crucial to understanding the regional landscape. This includes a thorough investigation of various regional stakeholders, such as businesses, government bodies, and non-profit organizations. Additionally, we will scrutinize regional tax laws and policies, analyzing their impact on the market. To gain a well-rounded view, we will study consumer behavior trends and patterns, and also delve into macroeconomic data to ascertain its influence on the market dynamics. This project aims to equip our organization with a robust foundation of knowledge to support well-informed decision-making processes.
Mexico Electric Car Market Drivers:
Due to Mexico’s significant polygonal trading agreements, it has become Centre of attention for investment capital from big manufacturing countries, like China, looking to set up electric automobile spare parts plants. International & domestic companies have also been introducing electric vehicles to México & are planning to improve charging centers & other infrastructure. Mexican regulation, federal & local, provides different incentives or supports for the use of electric vehicles. The federal taxation law contains some important measures. The Federal Law on New Automobiles Taxation excuses vehicles propelled by electric rechargeable batteries, as well as hybrid vehicles, from fees regarding their sale or import. The Income Tax Law grants benefits, in the form of higher amounts for permissible deductions, to persons who invest in electric & hybrid vehicles or acquire their provisional use.
A further fiscal incentive takes the form of a tax credit of 30 percent of the investment made in public power supply facilities for electric vehicles. The Comisión Federal de Electricidad (CFE), the largest electricity supply company in México, endorses the use of electric vehicles through the installation of an independent light meter. This avoids the applicable electricity tariff range from growing, keeping the electric vehicle user’s fee within the domestic standard spectrum instead of the great consumption rate.
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Mexico Electric Car Market Segmentation:
Mexico Electric Car Market, By Technology
• BEV
• PHEV
• HEV
Mexico Electric Car Market, By Product
• Hatchback
• Sedan
• SUV
• Others
Mexico Electric Car Market, By Battery
• LFP
• Li-NMC
• Others
Mexico Electric Car Market, By Battery Capacity
• >201 Ah
• <201 Ah
Mexico Electric Car Market, By End-User
• Shared mobility providers
• Government organizations
• Personal users
• Others
Mexico Electric Car Market Key Players: The key players are
• BMW
• Mercedes Benz
• Renault
• Mistubishi
• Nissan
• Peugeot
• Smart
• Tesla
• ABB
• Eaton
• AVL
• Alfen
• Delphi Automotive
• Volkswagen.
Regional Analysis:
A country-level study of the Mexico Electric Car Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Mexico Electric Car Market study.
COVID-19 Impact Analysis on Mexico Electric Car Market: The report covers COVID-19 impact on Mexico Electric Car market.
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Key Questions Answered in the Mexico Electric Car Market Report are:
What will be the CAGR of the Mexico Electric Car market during the forecast period?Which segment emerged as the leading segment in the Mexico Electric Car market?Which are the prominent players in the Mexico Electric Car market?What will be the Mexico Electric Car market size by 2027?Which company held the largest share in the Mexico Electric Car market?
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