Press release
Mexico Electric Vehicle Market to reach USD 233.37 Mn by 2030, emerging at a CAGR of 12.23 percent and forecast (2023-2029)
Mexico Electric Vehicle Market
The report utilizes comprehensive research methodologies to gather insights into Mexico's Electric Vehicle market, ensuring accuracy and reliability.The surge in sales of electric and hybrid vehicles in Mexico is propelled by the government's initiatives to address traffic congestion and pollution, with a particular focus on zero-emission vehicles.
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What are Mexico Electric Vehicle Market Dynamics
New automobiles that run on fossil fuels such as gasoline, diesel, or liquefied petroleum gas are prohibited in many nations. Germany, India, Ireland, Israel, and the Netherlands have declared plans to phase out fossil fuel automobiles in 2030; the United Kingdom, France, Taiwan, and California may phase them out in 2040; and Norway is likely to phase them out in 2025. Diesel vehicles are expected to be banned in Paris, Rome, Madrid, Athens, and Mexico City by 2025. Mexico's climate legislation calls for a 50% reduction in emissions by 2050 (compared to 2000 levels) and a 35% increase in renewable energy by 2024. Between 2014 and 2022, Mexico City's overall target is to reduce emissions by up to 30% (8 to 10 million tonnes of CO2) compared to business as usual. In the Metropolitan Area of Mexico City, 29% of all daily travel (approximately 6.3 million) is by private vehicle, with almost 60.60% by low-capacity public transportation concessions like minibusses, vans, suburban buses, and taxis; only 8% is by mass public transportation systems like the Metro, Metrobus, light train, and trolley bus, and 2.40% by bicycle and motorcycle. Mexico City has two BRT prepaid card systems: Metrobus and Mexibus.
What is Mexico Electric Vehicle Market Regional Insight
Mexico City, with its significant population and automobile density, serves as a crucial market for electric vehicles, driven by government strategies to improve mobility and reduce emissions.
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What is Mexico Electric Vehicle Market Segmentation
by Type
Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)
by Vehicle Type
Two Wheelers
• Passenger Cars
• Commercial Vehicles
Who are Mexico Electric Vehicle Market Key Players
ABB Ltd.
• Emerson Electric Co.
• General Electric Co.
• Honeywell International Inc.
• Schneider Electric SE
• Rockwell Automation Inc.
• Yokogawa Electric Corp.
• Omron Corporation
• Keyence Corporation
• Mitsubishi Electric Corporation
• Pilz GmbH & Co. KG.
• Sick AG
• Balluff GmbH
• Banner Engineering Corp.
• Siemens AG
• Others
Table of content for the Mexico Electric Vehicle Market includes:
Global Mexico Electric Vehicle Market : Research Methodology
Global Mexico Electric Vehicle Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Mexico Electric Vehicle Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Mexico Electric Vehicle Market Size, Share, Size & Forecast by different segment |
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Mexico Electric Vehicle Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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