Battery Electric Vehicles - LATAM
LATAM- Revenue in the Battery Electric Vehicles market is projected to reach US$24.3bn in 2024.
- Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.36%, resulting in a projected market volume of US$41.6bn by 2029.
- Battery Electric Vehicles market unit sales are expected to reach 99.21k vehicles in 2029.
- The volume weighted average price of Battery Electric Vehicles market in 2024 is expected to amount to US$421.8k.
- From an international perspective it is shown that the most revenue will be generated China (US$211bn in 2024).
Powered solely by the electricity stored in their high-voltage batteries, battery electric vehicles (BEVs) are either driven by a single unit or a combination of (alternating current or direct current) electric motors, typically with electric power above 60kW. BEV engines are characterized by continuous torque delivery over a broad speed range from zero km/h and less complex management systems, which are needed in internal combustion engine (ICE) vehicles to control emissions (less complex drivetrain compared to ICEs). Additional systems like a starter motor, gearbox, and exhaust (tailpipe) are absent in battery electric vehicles.
In-Scope
- Battery electric vehicles (BEVs)
- Pure electric vehicles
- All-electric vehicles
Out-Of-Scope
- Plug-in hybrid electric vehicles (PHEVs)
- Fuel cell electric vehicles (FCEVs)
- Extended-range electric vehicles (E-REVs )
- Full hybrid electric vehicles (HEVs)
- Mild hybrid electric vehicles (MHEVs)
- Micro hybrid electric vehicles
