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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A vehicle that runs entirely or partially on electricity is referred to as an electric car. E-vehicles, in contrast to traditional cars, employ an electric motor that is fueled by a fuel cell or batteries. Additionally, we can use the terms e-vehicle and EV.
The word is typically used to refer to both BEVs and PHEVs, including in this article.
According to the Ministry of Energy, Chile gives rebates and expedited licensing to taxi drivers who transition to more energy-efficient vehicles, as well as exemptions from environmental taxes and traffic limitations for electric vehicles.
Chile is the market leader not only in terms of use but also in terms of production.
The mining giant has a large supply of lithium, a crucial mineral used to make batteries for electric vehicles.
Lithium deposits in Chile total around 8 million metric tonnes, with a rapid rise in export that coincided with the explosive growth of the electric vehicle market.
The majority of the lithium mines are located in the area surrounding Chile's north, and this area is and will remain crucial to the development of the electric vehicle market.
Given that Chile essentially has a monopoly on this essential battery component, electric vehicle makers must continue to have solid trading relations with Chile.
The Chile Electric vehicle market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
In collaboration with regional carriers Enel X and Metbus, BYD has opened the first electric bus corridor in Latin America in Santiago, the capital of Chile.
Currently, 386 electric buses are in use throughout the country, 74% of which were supplied by the Chinese business. The action emphasizes Chile's decision to electrify even more.
The bus route passes through nine localities with a combined population of around 660 000 people: Maip, Central Station, Santiago, uoa, Pealolén, Pudahuel, Cerro Navia, Quinta Normal, and Lo Prado.
To enhance the traveling experience, a total of 40 new bus stops will be constructed, and bus fares will be collected in Pealolén and Maip terminals. For the buses with a 250 km range, charging takes around 5 hours.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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