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Telemetry data gathered from automobiles can be sent, received, and stored thanks to telematics systems. OEMs will be able to better monitor battery performance and recognise acts that have a negative influence on battery life and use by putting this inside of an EV battery.
Each battery in the fleet can be examined by a telematics system, which can also enforce appropriate maintenance schedules and monitor vital battery health in real-time.
OEMs will be able to streamline operations and build a battery system that will feature a longer range and battery life as they get more precise data from EV vehicles, including the charging and discharging characteristics of the battery system.
Government incentives have a significant impact on the patterns noticed in each location when it comes to the transition to electric vehicles (EV). The exemption or reduction of import tariffs on vehicles is the most widely used incentive in the area for EV adoption.
While Antigua and Barbuda, Argentina, Brazil, Colombia, Costa Rica, Ecuador, Mexico, Paraguay, the Dominican Republic, and Uruguay have already made these breaks for EVs mandatory, Panama is still moving toward full implementation.
Incentives for the usage and movement of automobiles are among those that are more severely deficient in the area. Only Costa Rica and Uruguay offer ownership and circulation tax benefits, however Brazil, Mexico, and the Dominican Republic are striving toward achieving this.
Only Colombia, Costa Rica, and Ecuador have introduced decreased tolls, parking fees, and related levies, with work being done in Brazil, Mexico, and Peru in the multinational telematics company Geotab (Latam government).
The Latin America EV Telematics Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
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