CHILE ELECTRIC VEHICLE MARKET
INTRODUCTION
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.
CHILE ELECTRIC VEHICLE MARKET SIZE AND FORECAST
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 2022 to 2030.
MARKET DYNAMICS
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.
COMPANY PROFILE
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- What is the average cost per Chile Electric vehicle market right now and how will it change in the next 5-6 years?
- Average cost to set up an Electric vehicle market in the Chile?
- How many Chile Electric vehicle markets are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a Chile Electric vehicle market and key vendor selection criteria
- Where is the Chile Electric vehicle market manufactured? What is the average margin per equipment?
- Market share of Chile Electric vehicle market manufacturers and their upcoming products
- The most important planned Chile Electric vehicle market in next 2 years
- Details on network of major Chile Electric vehicle market and pricing plans
- Cost advantage for OEMs who manufacture Chile Electric vehicle market in-house
- 5 key predictions for next 5 years in Chile Electric vehicle market
- Average B-2-B Chile Electric vehicle market price in all segments
- Latest trends in Chile Electric vehicle market, by every market segment
- The market size (both volume and value) of the Chile Electric vehicle market in 2022-2030 and every year in between?
- Global production breakup of Chile Electric vehicle market, by suppliers and their OEM relationship
