Mexico’s passenger vehicle market is projected to undergo a major shift, with electric vehicles expected to dominate nearly two-thirds of new sales by 2040, according to BloombergNEF. The forecast reflects accelerating adoption trends driven by policy support, infrastructure development, and shifting consumer preferences. Analysts highlight the role of government incentives and expanding charging networks in making EVs a mainstream choice. The transition could reshape Mexico’s automotive industry and reduce reliance on traditional combustion-engine vehicles.
EVs to Hit 66% of Mexico Passenger Sales by 2040: BNEF Mexico Business News
