IMARC Group has recently released a new research study titled “Mexico E-Mobility Market Size, Share, Trends and Forecast by Product, Voltage, Battery, and Region, 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
Market Overview
The Mexico e-mobility market size reached a market size of USD 968.18 Million in the base year 2024. It is projected to expand robustly to USD 9,671.73 Million by 2033, growing at a CAGR of 29.14% during the forecast period 2025-2033. This growth is driven by an expanding electric transport ecosystem with increasing public electric transit, urban micro-mobility solutions, and smart charging infrastructure development aimed at sustainable and technologically advanced mobility.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Mexico E-Mobility Market Key Takeaways
- The market size was USD 968.18 Million in 2024.
- The compound annual growth rate (CAGR) is 29.14% for 2025-2033.
- The forecast period spans from 2025 to 2033.
- Mexico is enhancing public transit networks with electric buses and fleets to reduce greenhouse gas emissions and fossil fuel use.
- Urban micro-mobility solutions like electric scooters and e-bikes are increasingly adopted for short-distance travel and last-mile connectivity.
- Investments in smart charging stations have led to installation of over 42,000 charging points by end of 2024.
- Strategic infrastructure investments are helping to promote seamless electric vehicle adoption across urban and intercity locations.
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Market Growth Factors
The Mexico e-mobility market growth is propelled by the expansion of public electric transit networks. Major urban areas are rolling out electric buses and service fleets to reduce greenhouse gas emissions and fossil fuel dependence. Local governments are investing in energy-efficient corridors and vehicle procurement, accompanied by innovative charging infrastructure like high-density bus depots. This overhaul aligns with cities’ sustainable development strategies aimed at easing traffic congestion and reducing pollution, further enhancing climate-action compliance and sustainable mobility options.
Urban micro-mobility solutions are also significantly driving market expansion. Electric scooters, e-bikes, and light personal vehicles are revolutionizing short-distance travel with zero-emission options. Mexico's government announced plans in January 2025 to produce locally made electric cars under the brand Olinia by June 2026, supported by regional plants and government-sponsored initiatives. Infrastructure upgrades, including dedicated bike lanes and electric mobility parking, alongside real-time vehicle availability applications, facilitate adoption and address last-mile connectivity challenges in dense urban environments.
Smart charging infrastructure development is another key growth driver in the Mexican e-mobility market. Mexico has installed more than 42,000 charging stations by the end of 2024, encouraging a 27% increase in electric vehicle sales. These smart chargers optimize energy use with features like remote monitoring and dynamic load management, helping prevent electricity grid overload during peak times. Public and private sector collaborations are deploying chargers in residential, commercial, and highway locations, with fast-charging stations enhancing convenience and alleviating range anxiety. Integration with renewable energy sources further supports sustainability goals.
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Market Segmentation
Product Insights:
- Electric Car: Personal and commercial electric vehicles designed to reduce carbon emissions.
- Electric Motorcycle: Motorized two-wheelers powered by electric batteries for efficient urban transit.
- Electric Scooter: Compact, low-speed electric vehicles ideal for short trips and urban mobility.
- Electric Bike: Electrically assisted bicycles offering flexible, eco-friendly transportation.
- Others
Voltage Insights:
- Less than 24V: Low-voltage electric mobility devices suitable for micro-mobility.
- 24V: Standard voltage level for various electric two-wheelers and light vehicles.
- 36V: Medium voltage category used in many urban electric mobility products.
- 48V: Higher voltage used for more powerful e-mobility devices.
- Greater than 48V: High-voltage systems enabling longer range and higher performance.
Battery Insights:
- Sealed Lead Acid: Traditional battery technology for electric mobility applications.
- Li-ion: Lithium-ion batteries offering high energy density and longer lifespan.
- NiMH: Nickel Metal Hydride batteries used in select electric vehicle applications.
Regional Insights:
- Northern Mexico: Northern geographic segment with specific market dynamics.
- Central Mexico: Central region contributing significantly to the market.
- Southern Mexico: Southern part of Mexico with evolving e-mobility adoption.
- Others: Additional regions beyond core geographic segmentation.
Regional Insights
Northern Mexico is recognized as the dominant region in the Mexico e-mobility market. The report does not provide specific regional market share or CAGR statistics; however, the strategic investments and infrastructure upgrades across major regions, including Northern Mexico, are noted to drive adoption and growth. The comprehensive development in urban centers supports expansion and uptake of electric mobility solutions broadly.
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Recent Developments & News
In September 2024, Didi announced plans to introduce 100,000 electric vehicles in Mexico by 2030 with a $50.3 million investment. The move aims to electrify Didi's app-based transport fleet, reduce emissions by more than 5 million tons, and create the largest electric vehicle fleet in Mexico and Latin America. In February 2024, China's BYD revealed plans to construct a new electric car factory in Mexico, intended as an export base for the U.S. market. The company is conducting feasibility studies and seeking factory locations to boost overseas production beyond China.
Key Players
- Didi
- BYD
Customization Note:
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