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Recent reports show a remarkable boom in automobile assembly in Mexico, with an impressive 1500% growth since 2020. This growth is underpinned by substantial foreign direct investment in the electric vehicle sector, totaling $7.8 billion. Currently, approximately 2,300 charging stations exist across the country, though more are needed to meet the demands of an expanding EV market.
The forecast for EV production is also promising, with estimates of around 161,000 electric vehicles produced in 2024 alone. The production numbers have seen a steady increase since 2020, suggesting that Mexico is well on its way to becoming a significant player in the global EV market.