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Mexico On Track to Sell 130,500 Electrified Vehicles in 2025, Report Finds

Analysts call for wider charging access plus stable incentives to shift momentum from hybrids to full battery‑electric models.

Overview

  • More than 88,000 electrified vehicles were sold in January–August 2025, the highest total ever for a comparable period in Mexico.
  • Latam Mobility’s EvolvX analysis, based on INEGI data, projects a full‑year 2025 total of about 130,500 units across HEV, PHEV and BEV.
  • Electrified sales rose from 24,405 units in 2020 to over 124,000 in 2024, marking a fivefold market expansion in five years.
  • Battery‑electric models grew from roughly 450 sales in 2020 to about 24,300 in 2024, even as hybrids remain the primary growth driver.
  • The report outlines 2030 scenarios of roughly 210,287 units with 10% annual growth or more than 324,904 with 20% growth.