The Mexican automotive industry is at a crucial point of transformation. In a global context increasingly focused on the decarbonization of transportation, Mexico is establishing itself as a key player in the production and assembly of electrified vehicles.
Between January and April 2025, domestic production of electric vehicles reached 81,049 units, an increase of 72.27% compared to the same period in 2024. This trend suggests that Mexico could surpass 250,000 electric units produced by the end of the year, which would represent an increase of 21.17% over the 2024 total.
In 2024, 206,870 electric vehicles were assembled, almost twice as many as in 2023. Models such as the Chevrolet Equinox EV, Ford Mustang Mach-E, Honda Prologue EV and Cadillac Optiq have led electrification at major plants such as General Motors in Coahuila and Ford in the State of Mexico.
This increase in production not only reflects the diversification strategy of original equipment manufacturers (OEMs) in Mexico, but also the growing demand for new-generation platforms in North America. Many of these platforms are based on 100% electric architectures, despite current policies that seek to limit the advance of electrification in markets such as the United States.
Subcategories with the highest dynamism include:
Electric powertrain (+53.8%)
Fuel Cell Systems (+50.0%)
Other components for electric vehicles (+55.4%)
Thermal cooling systems for EVs (+26.9%)
Batteries and associated components (+14.6%).
The electromobility sector in Mexico shows growth in the domestic production of electric vehicles, although direct investments have decreased in the first quarter of 2025, registering only 7 projects for a total of US$78.6 million, 97.4% less than in the same period of 2024. Despite this slowdown, many of these projects have been strategic, such as Ford's innovation center in Irapuato and the Yadea plant in the State of Mexico
As for the domestic market, total sales of electrified vehicles (BEVs, PHEVs and HEVs) in 2024 reached 124,310 units, an annual increase of 68.7%. Battery electric vehicles (BEVs) accounted for 24,290 of these sales, up 72.84% compared to 2023. However, the start of 2025 has brought adjustments: BEV sales fell by 13.5% in the first four months, while plug-in hybrids (PHEVs) and conventional hybrids (HEVs) grew by 58.8% and 33.5%, respectively. This trend suggests the need for improved charging infrastructure, price accessibility and regulatory clarity in the still developing domestic market.
