Record: more than 160,000 electric cars will be sold this year in Brazil

According to the latest statistics from the National Association of Motor Vehicle Manufacturers (Anfavea)sales of cars In the neighboring country they rose 21.6% year-on-year, the best performance since 2014.

Electric cars: sales record in Brazil

Also in October, 249,177 vehicles were manufactured, which represented a year-on-year growth of 24.7% and 8.3% compared to the previous month. In the first ten months of 2024, vehicle production grew by 8.9% year-on-year. Last month, 43,549 units were exported, an increase of 39.2% compared to the same month of the previous year.

But the most striking data is the growth in sales of electrified light vehicles, which in November recorded its best month in the historical series measured by the Brazilian Electric Vehicle Association (ABVE).

17,413 units were patented, 7% more than the previous month. From January to November, the figures totaled 155,724 plates issued, which confirms the ABVE’s forecast that sales of electrified vehicles in 2024 will exceed 160,000 units, which will mark an increase of more than 70% compared to 2023.

To have an idea, in the accumulated of the first half of the year, the patents of electrified vehicles (electric plus hybrids) In Argentina they reached 6,169 units, 32.7% more than during the same six months of 2023, and they project a year higher than last. The final number could exceed 12,000 vehicles.

The electrified market is still largely led by plug-in vehicles (100% electric BEVs and PHEV hybrids), with 72% of sales, but in November there was a sudden growth in micro-hybrids (MHEVs), which have a low degree of of electrification.

Added to this is the arrival of Chinese brands, both to market their products and to establish themselves industrially, and begin to produce hybrid vehicles.

For the president of ABVE, Ricardo Bastos, Figures show that sales of electrified vehicles continue to grow rapidly, in line with consumer interest. But he cautioned that some vehicles that have entered the market in recent weeks cannot necessarily be considered electrified.

“We have to evaluate whether some of the so-called micro-hybrids (MHEVs), which have a very low degree of electrification and do not have electric traction, really contribute to the decarbonization of Brazil’s transportation matrix,” Bastos said. «Not all of these vehicles show a significant reduction in polluting emissions compared to conventional fossil fuel or flexifuel models. “Do these models offer consumers a real experience of driving an electric or electrified vehicle?” he added.