Mexico Electric Car Market Share and Future Scope Analysis (2019-2027)

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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: 


The  Mexico Electric Car  Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the  Mexico Electric Car  Market, as well as the causes for variances in the industry’s growth in various places

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Mexico Electric Car  Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

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.

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:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the  Mexico Electric Car  Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Key Questions Answered in the  Mexico Electric Car  Market Report are:

Which sub-segment had the largest share in the  Mexico Electric Car  Market?

How is the competitive landscape of the  Mexico Electric Car  Market in 2023?

Which are the key drivers impacting the  Mexico Electric Car  Market growth?

Which region holds the maximum share in the  Mexico Electric Car  Market?

What will be the CAGR of the  Mexico Electric Car  Market during the forecast period (2023–2029)?

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