Electric Cars Surpass One Million in Latin America — Brazil Holds Half the Fleet, Argentina's Market Grows 873%

Aerial view of new cars unloaded from the BYD Changzhou ship at the Zarate Port on the Parana River in Zarate, Buenos Aires Province, Argentina taken on January 19, 2026. Chinese auto manufacturer BYD unloaded around 5,000 new vehicles, including electric and hybrid models, to the Argentine market. (Credit: Photo by Tomas CUESTA / AFP via Getty Images)

Latin America and the Caribbean have quietly crossed a line that looked out of reach only a few years ago. New figures compiled by the Latin American and Caribbean Energy Organization (OLACDE) show the region's combined fleet of battery-electric (BEV) and plug-in hybrid (PHEV) light vehicles has topped one million units for the first time, a threshold its own Electric Mobility Monitor confirms was reached in June 2026.

From Fewer Than 20,000 Cars to Over a Million