THE EVOLUTION
OF
ELECTRIC VEHICLES

The increase in world population and its concentration in cities has had a diverse impact on the environment. One of the most significant is the emission of greenhouse gasses due to transportation and the ensuing repercussions on the climate.

Today, close to 80% of the Latin American population lives in urban areas and every day the percentage of transportation generated greenhouse gas emissions goes up. Latin America and the Caribbean need to move up to a more efficient and clean form of mobility. This will also allow for a response to the health problems caused by atmospheric contamination, which costs 300,000 lives yearly in the region.

The decarbonization of transportation through the advance of electrical mobility surges as an efficient solution that can transform the sector, improve the quality of life in the region, protect human health and contribute to the compliance of the climate commitments of the Paris Agreement.

As a matter of public and legal policies, the nations and cities of Latin America have endeavored to guide and stimulate the development of electrical mobility in different ways. Several countries offer purchase incentives by exempting or lowering import taxes or differentiated circulation taxes.

The growth of the electric vehicle market has increased considerably. Just 5 years ago there were hundreds of vehicles. Today there are thousands and every day the market grows more. One of the reasons is the growth of the network of charging stations throughout the continent.