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An electric motor powers an electric car, as opposed to an internal combustion engine, which produces power by burning a mixture of fuel and gases. Therefore, in order to solve issues such as increased pollution, global warming, the depletion of natural resources, etc., such a vehicle is considered as a potential substitute for current-generation cars.
Despite the fact that electric cars have been a concept for a while, they have recently attracted a lot of attention due to the growing carbon footprint and other environmental effects of fuel-powered vehicles.
Battery electric vehicles, fuel cell electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles are the four different types of electric vehicles that are now available.
The Guatemala electric car 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.
The hybrid Toyota Prius will be formally introduced in Guatemala by Cofio Stahl, the Toyota distributor. Renault had planned a more extensive introduction in Central and South America for the electric small car Kwid E-Tech Electric, locally branded as Dacia Spring Electric.
Luka Electric provides a variety of EV cars built in Guatemala using Chinese auto parts. The Toyota Prius and the RAV4 (SUV) are two options in the hybrid market.
With technical assistance from China, Guatemala will open an assembly facility for electric vehicles. A variety of electronic vehicles were exhibited by Guatemalan firm Luka Electronics in Guatemala City.
With China’s technological and training assistance, Luka Electronics hopes to construct these vehicles in large quantities. South of Guatemala City, in the municipality of Masagua, Luka Electronics has made the decision to invest roughly 500,000 USD to build an assembly plant that would produce everything from sedans to buses and pickup trucks.
