The Brazil electric vehicle charger market is anticipated to grow considerably during the forecast period (2019-2025). Brazil is a small market for electric vehicle chargers, as sales of electric vehicles are poor in Brazil relative to other countries. According to the International Energy Agency, about 430 electric cars were sold in Brazil in 2018 as compared to 360 in 2017, which is not enough sales considering Brazil as one of the fastest-growing economies.
Moreover, people in the country still prefer IC motor vehicles to electric vehicles owing to the unavailability of any meaningful incentives on electric vehicles or government quotas for the use of electric vehicles on the road. In 2018, there were around 460 public chargers in the country out yet only 5 were fast chargers. A new regulation was approved by the Brazilian Electricity Regulatory Agency (ANEEL) in June 2018 to simplify the process.
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Further, there is the absence of domestic electric vehicle manufacturers in the country owing to which the country relies on importing electric vehicles from other countries including China, which is a major challenge for the electric vehicle charger market in the country.
Market Coverage
- The market number available for – 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- Segment Covered- By Ownership, By Charger Type, and By Connector.
- Region Covered- Brazil
- Competitive Landscape- ABB Ltd., Tesla, Inc., Siemens AG, Robert Bosch GmbH, Eaton Corp.
Key Questions Addressed by the Report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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A full Report of Brazil Electric Vehicle Charger Market is Available at: https://www.omrglobal.com/industry-reports/brazil-electric-vehicle-charger-market
Brazil Electric Vehicle Charger Market Report Segment
By Ownership
- Public
- Private
By Charger type
- Slow charger
- Fast charger
By Connector
- AC Connectors
- Type 1
- Type 2
- Other (Domestic Socket)
DC Connectors
- CHAdeMO
- Combined Charging Systems
- Type 2 (Tesla)
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
