May 25, 2021   SOURCE: BusinessWire

Latin America Electric Vehicle Charging System Market 2021-2028 - Opportunities in Vehicle-To-Grid (V2G) Technologies - ResearchAndMarkets.com

The "Latin America Electric Vehicle Charging System Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.

Electric vehicle charging system market in Latin America to display a CAGR of 47.71% through the period 2021-2028. Brazil, Mexico, and Rest of Latin America model the overall market in this region.

In Mexico, the traffic and pollution levels have compelled the government to examine alternative technologies to enhance mobility. This has resulted in the rise in sales of electric and hybrid vehicles. Moreover, the government has mandated tax breaks on electric vehicle imports and purchases, in addition to providing tax incentives on the ownership of these vehicles.

Other than this, national electrification policies are being formed, which involve reducing emissions. A large number of electric cars are presently running in the country, thereby enhancing the need for efficient charging systems. This further supplements the advancement of the electric vehicle charging system market.

In Rest of Latin America, the first three fast electric vehicle charging stations were constructed in Chile. At the same time, the Colombian government introduced incentives for new energy vehicles. Moreover, the government stated that a significant amount of newly procured vehicles in Columbia's urban public transportation system should be electric.

Such governmental support is anticipated to influence investments by electric vehicle companies in the region's nations, simultaneously boosting the expansion of the electric vehicle charging system across Rest of Latin America.

Competitive Outlook

The enterprises engaged in the electric vehicle charging system include Evbox, Tesla, Efacec, Alfen, Allego, Blink, and Webasto.

Key Topics Covered:

1. Latin America Electric Vehicle Charging System Market - Summary

2. Industry Outlook

2.1. Key Insights

2.1.1. Rise in Investments in Electric Vehicle Industry

2.1.2. Rising Environmental Pollution Increases Growth Prospects for the Market

2.1.3. Many Countries Have Set Targets to Phase-Out Internal Combustion Engine Vehicles

2.2. Impact of COVID-19 on Electric Vehicle Charging System Market

2.3. Porter's Five Forces Analysis

2.4. Market Attractiveness Matrix

2.5. Industry Components

2.6. Vendor Scorecard

2.7. Key Market Strategies

2.8. Market Drivers

2.8.1. Growth in Electric Vehicle Sales

2.8.2. Governmental Initiatives in Favor of the Market

2.8.3. Technological Innovations

2.9. Market Challenges

2.9.1. High Setup Costs

2.9.2. Lack of Standardization

2.9.3. Extended Charging Time and Competition from Other Technologies

2.10. Market Opportunities

2.10.1. Advancements in Wireless Charging Technology

2.10.2. Growth in Vehicle-To-Grid (V2G) Technologies

2.10.3. Opportunities from Changing Market Dynamics

3. Latin America Electric Vehicle Charging System Market - by Product Type

3.1. Home Charging Systems

3.2. Commercial Charging Systems

4. Latin America Electric Vehicle Charging System Market - by Mode of Charging

4.1. Plug-In Charging System

4.1.1. Level 1

4.1.2. Level 2

4.1.3. Level 3

4.2. Wireless Charging System

5. Latin America Electric Vehicle Charging System Market - Regional Outlook

5.1. Brazil

5.2. Mexico

5.3. Rest of Latin America

6. Competitive Landscape

6.1. Abb Ltd

6.2. Alfen

6.3. Allego

6.4. Blink

6.5. Chargepoint

6.6. Delta Electronics Inc

6.7. Eaton

6.8. Efacec

6.9. Evbox

6.10. Evgo

6.11. Schneider Electric

6.12. Semaconnect

6.13. Siemens

6.14. Tesla

6.15. Webasto

For more information about this report visit https://www.researchandmarkets.com/r/p5ouiz