In 2029, electric vehicle revenue is forecast to reach 53.4 billion U.S. dollars in revenue, most of which generated by battery-electric vehicles. The propulsion type is expected to grow from nearly 21.6 billion U.S. dollars in revenue in 2023 to around 38.2 billion U.S. dollars in 2028.
Forecast electric vehicle revenue in Mexico between 2016 and 2029, by propulsion type
(in billion U.S. dollars)
based on a November 2024 modelling which takes into account the market impact of Russia's war on Ukraine.
Supplementary notes
The Electric Vehicles segment includes information about electric vehicles in countries where, according to our sources, a public electric vehicle charging infrastructure is already available. In this context, “public” means that people have unrestricted access to the charging infrastructure. A vehicle can be defined as electric if it is self-contained with a battery or classified as a plug-in hybrid. All key figures shown represent the sales of new cars, and their basic configuration in the respective year. The figures do not include the sale of used vehicles nor adapted equipment for the new cars sold. The prices and revenues shown are accordingly based on the basic models.
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Statista. (November 1, 2024). Forecast electric vehicle revenue in Mexico between 2016 and 2029, by propulsion type (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1428910/mexico-ev-revenue-forecast-by-propulsion-type/
Statista. "Forecast electric vehicle revenue in Mexico between 2016 and 2029, by propulsion type (in billion U.S. dollars)." Chart. November 1, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1428910/mexico-ev-revenue-forecast-by-propulsion-type/
Statista. (2024). Forecast electric vehicle revenue in Mexico between 2016 and 2029, by propulsion type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1428910/mexico-ev-revenue-forecast-by-propulsion-type/
Statista. "Forecast Electric Vehicle Revenue in Mexico between 2016 and 2029, by Propulsion Type (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Nov 2024, https://www.statista.com/statistics/1428910/mexico-ev-revenue-forecast-by-propulsion-type/
Statista, Forecast electric vehicle revenue in Mexico between 2016 and 2029, by propulsion type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1428910/mexico-ev-revenue-forecast-by-propulsion-type/ (last visited December 22, 2024)
Forecast electric vehicle revenue in Mexico between 2016 and 2029, by propulsion type (in billion U.S. dollars) [Graph], Statista, November 1, 2024. [Online]. Available: https://www.statista.com/statistics/1428910/mexico-ev-revenue-forecast-by-propulsion-type/
