South America Portable Electric Vehicle Charger Market Size, 2018-2030, By Countries (USD Million)
Synopsis
The above chart is South America Portable Electric Vehicle Charger Market Size, 2018-2030, By Countries (USD Million)
Market Dynamics
south america has the potential to become one of the leading markets for portable electric vehicle chargers in the coming years. the region is witnessing a rising demand for electric vehicles (evs) due to the growing concerns over air pollution and climate change. as a result, the south american governments are promoting the adoption of evs by implementing various policies and incentives, which is driving the demand for portable electric vehicle chargers.
brazil, argentina, and chile are some of the major countries in south america that are witnessing a significant growth in the demand for evs. brazil, being the largest economy in the region, is leading the way in terms of ev sales and infrastructure development. the country has set a target to have 2 million evs on the road by 2030, and this has created a huge demand for portable electric vehicle chargers. as a result, the portable electric vehicle charger market in brazil is expected to witness a significant growth in the coming years.
argentina is another country in south america that is witnessing a rapid growth in the demand for evs. the government has implemented various policies, such as tax incentives and subsidies, to promote the adoption of evs. this has led to an increase in the sales of evs in the country, which in turn is driving the demand for portable electric vehicle chargers. chile is also witnessing a similar trend, with the government promoting the adoption of evs through various initiatives and incentives. the country aims to have 1 million evs on the road by 2040, which is expected to create a huge demand for portable electric vehicle chargers.
apart from these major countries, other countries in south america, such as peru, colombia, and ecuador, are also witnessing a growing demand for evs. this is expected to drive the growth of the portable electric vehicle charger market in these countries as well. moreover, the increasing investment by major players in the region, such as abb ltd., schneider electric, and siemens, for setting up charging stations is expected to further propel the growth of the portable electric vehicle charger market in south america.
in conclusion, the demand for portable electric vehicle chargers in south america is expected to witness significant growth in the coming years. the increasing adoption of evs, supportive government policies, and investments by major players are some of the key factors driving the growth of the market in the region.
