Uruguay's EV Market Booms, Charging Infrastructure Strains
Uruguay's electric vehicle (EV) market is booming. With over 10,000 EVs already on its roads, the country aims to reach 20,000 by the end of this year. However, the public charging network is struggling to keep up with the growing demand.
In the first quarter of this year, EV sales in Uruguay doubled to 2,500 units. This surge is partly due to fiscal incentives and lower operating costs, leading to a 14.5% share of the new vehicle market in 2025. Notably, 21% of SUVs sold in Uruguay are electric.
The rapid growth has put pressure on the public charging network. There are around 360 charging points in total, but this number is insufficient. Most EVs are charged at home, with only a few relying on public infrastructure. The main business opportunity lies in residential and corporate charging solutions, such as wallbox chargers and management of incentive schemes.
Uruguay's electric car fleet has been doubling year on year, with around 10,000 EVs currently on the roads. The country aims to have around 20,000 EVs by the end of this year. However, the public charging network needs to expand to meet the growing demand and support the increasing number of EVs.
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