Brazil Electric Vehicle and Charging Infrastructure Market

Brazil Electric Vehicle and Charging Infrastructure Market Report by Electric Vehicle and Charging Infrastructure (Electric Vehicle, Charging Infrastructure), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A24653

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Brazil Electric Vehicle and Charging Infrastructure Market Overview:

The Brazil electric vehicle and charging infrastructure market size reached USD 28.8 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 186.95 Million by 2032, exhibiting a growth rate (CAGR) of 21.50% during 2024-2032. The increasing government incentives and policies promoting clean energy and reducing carbon emissions, the growing consumer awareness of environmental sustainability and the cost benefits of electric vehicles, advancements in battery technology, and expanding investments in charging infrastructure by private and public sectors are some of the major factors propelling the growth of the market.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	USD 28.8 Million
Market Forecast in 2032	USD 186.95 Million
Market Growth Rate 2024-2032	21.50%

Brazil Electric Vehicle and Charging Infrastructure Market Trends:

Rising Government Incentives and Policies

Government initiatives, including tax incentives and subsidies for electric vehicles (EVs), are encouraging adoption, and supporting the development of charging infrastructure to promote clean energy and reduce carbon emissions. According to the Brazilian Association of Electric Vehicles (ABVE), in 2023, 93.9 thousand units were registered, representing a growth of 91% as compared to that of 2022. This resumption aims to support the Green Mobility and Innovation Program (Mover), which encourages domestic production of EVs. ABVE expects that the stimulus for domestic production, technological advancements, and increased production will offset the challenges in importation, maintaining the trend of declining prices for electrified models in the medium and long term. There is also a growing interest among Brazilian consumers in electric vehicles. The 3rd National Electric Mobility Yearbook of PNME estimates that Brazil will have 10 thousand public and semi-public charging stations by 2025. Based on this projection, it is estimated that more than 6,800 charging stations will be in operation by the end of 2024.

Increasing Consumer Awareness and Demand for Sustainable Transportation

The growing consumer awareness of environmental sustainability and the economic benefits of electric vehicles, such as lower operating costs, is boosting demand and driving market expansion. According to ABVE, the first half of 2024 witnessed a total of 79,304 electrified light vehicles sold in Brazil, up 146% year-on-year and 288% as compared to 1H22. ABVE forecasts a record 150,000 electrified vehicles sold this year, which would be 60% more than last year’s total. Similarly, in April 2024, Brazil imported 40,900 electric and hybrid vehicles from China, 13 times more than in April last year. With this, the country overtook Belgium as the main destination for exports of this type of car from Chinese companies and became the second largest of all types of cars from the Asian giant, behind only Russia.

Brazil Electric Vehicle and Charging Infrastructure Market News:

In March 2024, ABB and the Graal Group announced partnership to commence the development of an electric vehicle (EV) charging network serving Brazil’s major cities. More than 40 ABB fast and semi-fast chargers are being installed on Graal forecourts and service stations in five of Brazil’s major states: São Paulo, Minas Gerais, Rio de Janeiro, Santa Catarina and Rio Grande do Sul. The ten fast and 31 semi-fast chargers will contribute to Brazil’s transition from a mobility network that is heavily dependent on fossil fuels to one that incorporates an EV charging network. .
In February 2024, Brazilian energy giant Raizen and Chinese automaker BYD announced a strategic partnership to deploy a vast network of 600 EV charging stations across the country. This initiative aims to meet the increasing demand for charging infrastructure and accelerate the adoption of electric mobility in Brazil.

Brazil Electric Vehicle and Charging Infrastructure Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on electric vehicle and charging infrastructure.

Electric Vehicle and Charging Infrastructure Insights:

Electric Vehicle
- Breakup by Drive
  - Front Wheel Drive
  - Rear Wheel Drive
  - All-Wheel Drive
- Breakup by Vehicle Type
  - Passenger Car
  - Commercial Vehicle
  - Two-Wheeler
  - Three-Wheeler
- Breakup by Vehicle Class
  - Low-Priced
  - Mid-Priced
  - Luxury Class
- Breakup by Distance Range
  - Up to 150 Miles
  - 151-300 Miles
  - Above 300 Miles
- Breakup by Charging Type
  - Normal Charging
  - Super Charging
- Breakup by Propulsion Type
  - Plug-In Hybrid Electric Vehicles (PHEVs)
  - Battery Electric Vehicles (BEVs)
  - Hybrid Electric Vehicles (HEVs)
  - Fuel Cell Electric Vehicles (FCEVs)
- Breakup by Components
  - Battery Cells and Packs
  - Fuel Stack
  - On-Board Charger
  - Electric Motor
  - Brake, Wheel and Suspension
  - Body and Chassis
  - Others
Charging Infrastructure
- Breakup by Charging Type
  - Level 1 - 240 (V)
  - Level 2 - 120 (V)
  - Direct Current (DC)
- Breakup by Location
  - Residential Charging
  - Commercial Charging
  - Public Charging
  - Fleet Charging
- Breakup by Charging Speed
  - Slow
  - Fast
  - Rapid
  - Ultrarapid
- Breakup by Connection Phase
  - Single Phase
  - Three Phase
- Breakup by Infrastructure Type
  - CSS
  - CHAdeMO
  - GB/T
  - Others
- Breakup by Connectivity
  - Smart Charging Station
  - Non-Smart Charging Station

The report has provided a detailed breakup and analysis of the market based on the electric vehicle and charging infrastructure. This includes electric vehicle [(breakup by drive (front wheel drive, rear wheel drive, and all-wheel drive), breakup by vehicle type (passenger car, commercial vehicle, two-wheeler, and three-wheeler), breakup by vehicle class (low-priced, mid-priced, and luxury class), breakup by distance range (up to 150 miles, 151-300 miles, and above 300 miles), breakup by charging type (normal charging and super charging), breakup by propulsion type (plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and fuel cell electric vehicles (FCEVs), and breakup by components (battery cells and packs, fuel stack, on-board charger, electric motor, brake, wheel and suspension, body and chassis, and others)] and charging infrastructure [(breakup by charging type (level 1 – 240 (V), level 2 – 120 (V), and direct current (DC)), breakup by location (residential charging, commercial charging, public charging, and fleet charging), breakup by charging speed (slow, fast, rapid, and ultrarapid), breakup by connection phase (single phase and three phase), breakup by infrastructure type (CSS, CHAdeMO, GB/T, and others), and breakup by connectivity (smart charging station and non-smart charging station)].

Regional Insights:

Southeast
South
Northeast
North
Central-West

The report has also provided a comprehensive analysis of all the major regional markets, which include Southeast, South, Northeast, North, and Central-West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Brazil Electric Vehicle and Charging Infrastructure Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Electric Vehicle and Charging Infrastructure Region
Electric Vehicle and Charging Infrastructures Covered	Electric Vehicle: Breakup by Drive (Front Wheel Drive, Rear Wheel Drive, All-Wheel Drive), Breakup by Vehicle Type (Passenger Car, Commercial Vehicle, Two-Wheeler, Three-Wheeler), Breakup by Vehicle Class (Low-Priced, Mid-Priced, Luxury Class), Breakup by Distance Range (Up to 150 Miles, 151-300 Miles, Above 300 Miles), Breakup by Charging Type (Normal Charging, Super Charging), Breakup by Propulsion Type (Plug-in Hybrid Electric Vehicle (PHEVs), Battery Electric Vehicle (BEVs), Hybrid Electric Vehicle (HEVs), Fuel Cell Electric Vehicle (FCEVs), Breakup by Components (Battery Cells and Packs, Fuel Stack, On-Board Charger, Electric Motor, Brake, Wheel and Suspension, Body and Chassis, Others) Charging Infrastructure: Breakup by Charging Type (Level 1 - 240 (V), Level 2 - 120 (V), Direct Current (DC)), Breakup by Location (Residential Charging, Commercial Charging, Public Charging, Fleet Charging), Breakup by Charging Speed (Slow, Fast, Rapid, Ultrarapid), Breakup by Connection Phase (Single Phase, Three Phase), Breakup by Infrastructure Type (CSS, CHAdeMO, GB/T, Others), Breakup by Connectivity (Smart Charging Station, Non-Smart Charging Station)
Regions Covered	Southeast, South, Northeast, North, Central-West
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Brazil electric vehicle and charging infrastructure market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Brazil electric vehicle and charging infrastructure market?
What is the breakup of the Brazil electric vehicle and charging infrastructure market on the basis of electric vehicle and charging infrastructure?
What are the various stages in the value chain of the Brazil electric vehicle and charging infrastructure market?
What are the key driving factors and challenges in the Brazil electric vehicle and charging infrastructure?
What is the structure of the Brazil electric vehicle and charging infrastructure market and who are the key players?
What is the degree of competition in the Brazil electric vehicle and charging infrastructure market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Brazil electric vehicle and charging infrastructure market from 2018-2032.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Brazil electric vehicle and charging infrastructure market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Brazil electric vehicle and charging infrastructure industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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