Mexico E-Mobility Market Size, Growth, Key Players, Opportunity and Forecast 2025-2033

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 USD 968.18 Million in 2024 and is forecasted to grow to USD 9,671.73 Million by 2033, exhibiting a CAGR of 29.14% during 2025-2033. This growth is driven by the strengthening of electric transport ecosystem in Mexico, including public electric transit, urban micro-mobility solutions, and smart charging infrastructure that support sustainable and efficient alternatives to conventional transport. Rising adoption in cities and investment in intelligent infrastructure are key to this market expansion.

Study Assumption Years

●     Base Year: 2024

●     Historical Year/Period: 2019-2024

●     Forecast Year/Period: 2025-2033

Mexico E-Mobility Market Key Takeaways

●     Current Market Size: USD 968.18 Million in 2024

●     CAGR: 29.14% during 2025-2033

●     Forecast Period: 2025-2033

●     Mexico is expanding its public electric transit networks including electric buses and service fleets to lower emissions and fossil fuel use.

●     Urban micro-mobility solutions such as electric scooters, e-bikes, and light personal vehicles are rapidly adopted to address short distance and "last-mile" travel.

●     Strategic deployment of more than 42,000 charging stations by end of 2024 facilitates smart charging infrastructure for electric vehicles.

●     Mexico is planning local production of electric cars under the brand Olinia by June 2026.

●     Investments support climate-compliant urban mobility, traffic congestion reduction, and pollution control.

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Market Growth Factors

The Mexico e-mobility market is further supported by the deployment of public electric transport networks. Across cities of Mexico, electric buses and electric service vehicles are deploying to reduce GHG emissions and fossil fuel dependency in public transportation. At the municipality and other local levels, sub-measures have energy-efficient corridors. They coordinate electric bus procurement. They locate high-density bus depots. They conceive of other innovative charging concepts to reduce air and noise pollution. They also save road space, and they promote safe, sustainable, and climate-friendly public transport.

Micro-mobility is the use of scooters, e-scooters, e-bikes, and light personal transport as on-demand, flexible and zero-emission last-mile transport, which can substitute private car and public transport for the last leg of an adventure from transport hubs to the final destination. Infrastructure such as bike lanes or dedicated electric vehicle parking lots, and internet platforms showing the real time availability of vehicles has also helped drive uptake. Mexico plans to launch locally-made electric cars under the Olinia brand name by June 2026 as part of efforts to increase domestic car manufacturing and technology.

Smart charging infrastructure implementation is a key driver of Mexico e-mobility market. By the close of 2024, Mexico had more than 42,000 charging stations that optimize energy, monitor remotely, and manage dynamic loads for cost-effective charging solutions that benefit the grid. Public and private sectors work together in order to provide wide-ranging coverage for residences, workplaces, shopping centers, and highways. Fast-charger stations on highways that have congestion and are long-distance reduce range anxiety and make adventures of a longer distance more convenient. Renewable energy integrates with harnessed sustainability benefits. It brings electric vehicle infrastructure to different geographies.

Market Segmentation

Product Insights:

●     Electric Car: Includes passenger electric cars contributing to the growing demand for clean urban and intercity transportation.

●     Electric Motorcycle: Covers electric two-wheelers providing economical and low-emission mobility alternatives.

●     Electric Scooter: Focuses on compact electric scooters that enhance urban micro-mobility options.

●     Electric Bike: Encompasses electric bicycles that facilitate sustainable short-distance commuting.

●     Others: Other smaller or emerging electric mobility products.

Voltage Insights:

●     Less than 24V: Electric mobility vehicles operating below 24 volts.

●     24V: Vehicles utilizing 24 volts power supply.

●     36V: Covers those with 36 volts battery systems.

●     48V: Vehicles powered by 48 volts battery systems.

●     Greater than 48V: Includes high-voltage electric mobility solutions above 48 volts.

Battery Insights:

●     Sealed Lead Acid: Traditional lead acid batteries used in certain electric mobility solutions.

●     Li-ion: Lithium-ion batteries, known for high energy density and long life.

●     NiMH: Nickel-Metal Hydride batteries used in some electric vehicles.

Regional Insights:

●     Northern Mexico: One of the major regions analyzed in the market.

●     Central Mexico: Central regional market segment.

●     Southern Mexico: Southern regional market segment.

●     Others: Covers other unspecified regions in the country.

Regional Insights

Northern Mexico, Central Mexico, Southern Mexico, and Others are the key geographical regions analyzed for market distribution.

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Recent Developments & News

●     In September 2024, Didi announced plans to introduce 100,000 electric vehicles in Mexico by 2030 with an investment of USD 50.3 million, aiming to electrify its app-based transport fleet and reduce emissions by over 5 million tons, targeting the largest electric vehicle fleet in Mexico and Latin America.

●     In February 2024, BYD, a Chinese company, decided to construct a new electric car factory in Mexico to create an export base for the U.S. market. It is conducting feasibility studies and negotiating factory location to expand production beyond China.

Key Players

●     Didi

●     BYD

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