Brazil Electric Vehicle and Charging Infrastructure Market

Brazil Electric Vehicle and Charging Infrastructure Market Overview:

The Brazil electric vehicle and charging infrastructure market size reached USD 35.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 189.4 Million by 2033, exhibiting a growth rate (CAGR) of 20.64% during 2025-2033. The growth of the electric vehicle market is fueled by increasing government incentives, policies promoting clean energy, and growing consumer awareness of sustainability. Additional factors include developments in battery technology and public and private sector investments in charging infrastructure. Sales of electrified cars (EVs, hybrids, and plug-ins) increased by 146% to 79,304 units in the first half of 2024. According to the Brazilian Association of Electric Vehicles (ABVE), sales of 150,000 units are expected to rise by 60% from 2023 to 2024.

Brazil Electric Vehicle and Charging Infrastructure Market Trends:

Rising Government Incentives and Policies

Government initiatives, including tax incentives and subsidies for electric vehicles (EVs), are encouraging adoption, and supporting the development of charging infrastructure to promote clean energy and reduce carbon emissions. According to the Brazilian Association of Electric Vehicles (ABVE), in 2023, 93.9 thousand units were registered, representing a growth of 91% as compared to that of 2022. This resumption aims to support the Green Mobility and Innovation Program (Mover), which encourages domestic production of EVs. ABVE expects that the stimulus for domestic production, technological advancements, and increased production will offset the challenges in importation, maintaining the trend of declining prices for electrified models in the medium and long term. There is also a growing interest among consumers for Brazilian electric car. The 3rd National Electric Mobility Yearbook of PNME estimates that Brazil will have 10 thousand public and semi-public charging stations by 2025. Based on this projection, it is estimated that more than 6,800 charging stations will be in operation by the end of 2024.

Increasing Consumer Awareness and Demand for Sustainable Transportation

The growing consumer awareness of environmental sustainability and the economic benefits of electric vehicles, such as lower operating costs, is boosting demand and driving Brazilian electric vehicle and charging infrastructure market expansion. According to ABVE, the first half of 2024 witnessed a total of 79,304 electrified light vehicles sold in Brazil, up 146% year-on-year and 288% as compared to 1H22. ABVE forecasts a record 150,000 electrified vehicles sold this year, which would be 60% more than last year’s total. Similarly, in April 2024, Brazil imported 40,900 electric and hybrid vehicles from China, 13 times more than in April last year. With this, the country overtook Belgium as the main destination for exports of this type of car from Chinese companies and became the second largest of all types of cars from the Asian giant, behind only Russia.

Advancements in Battery Technology

Developments in battery technology have had a major impact on the electric vehicle (EV) market, particularly in terms of raising the cost, range, and efficiency of the vehicles. As the global shift to electric vehicles accelerates, the technology that powers EV batteries has advanced significantly. There are now batteries with higher energy densities that have faster charging times and a greater driving range. Significant developments in lithium-ion batteries, the most widely used EV power source, have reduced manufacturing costs and vehicle prices. New battery types like solid-state batteries, which provide even higher energy densities and more safety features, have the potential to completely transform the market. One of the main concerns for prospective EV consumers is "range anxiety," which is lessened by these developments. As battery technology continues to improve, EVs are becoming more viable for everyday consumers, offering the same performance as traditional gasoline-powered cars, but with fewer environmental impacts. The rise of battery recycling technology is also contributing to the sustainability of the market, ensuring that valuable materials are reused, which is essential for reducing the environmental footprint of the EV sector in the long run.

Increasing Sales and Imports

The growth in sales and imports of Brazil electric vehicle market has been a defining trend in the automotive sector. As governments worldwide introduce policies to support electric mobility through subsidies, tax incentives, and stricter emissions standards, the demand for electric vehicles has surged. In Brazil, for instance, the sales of electrified vehicles have been witnessing impressive growth, with sales increasing by 146% year-on-year in 2024. This growth trend is driven by consumers’ increasing awareness of environmental sustainability, coupled with the expansion of Brazil EV charging infrastructure makes ownership more convenient. According to the Brazilian Association of Electric Vehicles (ABVE), sales of electrified vehicles are expected to reach a record 150,000 units in 2024, a 60% increase from the year before. The increasing quantity of imports as global manufacturers increase their production of electric vehicles also contributes to the increase in sales. The trend toward EVs is being further fueled by the increased options available to consumers across a range of pricing points. The transportation landscape is continuously changing as electric mobility becomes a crucial component of future urban and rural development, as evidenced by the spike in sales and imports of electric vehicles.

Expansion of Charging Infrastructure

The expansion of electric vehicle (EV) charging infrastructure is a critical enabler of the global shift to electric mobility. With increasing sales and adoption of electric vehicles, the need for an extensive, reliable, and accessible charging network has never been more important. The development of fast-charging stations, particularly along highways and major urban centers, significantly reduces downtime for EV owners and makes long-distance travel more feasible. In addition, advancements in wireless and ultra-fast charging technologies are continuously reducing the time required to fully charge EVs. Governments and private sector players are investing billions in charging infrastructure, aiming to increase the number of charging stations in both public and private spaces. This expansion not only supports electric vehicle owners but also boosts consumer confidence in the practicality of EVs. Smart charging solutions are further improving the user experience, allowing for features such as real-time availability tracking and dynamic pricing based on electricity demand. As charging stations become more widespread and efficient, the adoption of electric vehicles will continue to grow, helping to reduce dependence on fossil fuels and promoting environmental sustainability.

AI Impact on Electric Vehicle Development

Artificial intelligence (AI) is having a transformative impact on the electric vehicle (EV) industry, enhancing both vehicle technology and the infrastructure supporting EV adoption. AI is playing a key role in optimizing electric vehicle battery management systems, helping to extend the lifespan and performance of batteries by optimizing charging cycles and preventing overcharging. In addition, AI is integral in autonomous driving technology, where it aids in the development of self-driving EVs through machine learning algorithms that allow vehicles to navigate safely and efficiently. AI also contributes to the development of smart charging systems, which allow EVs to charge more efficiently and at lower costs by predicting peak demand times and adjusting charging schedules accordingly. The integration of AI in EVs also improves the user experience by offering personalized in-car services, predictive maintenance, and real-time updates on battery life. Moreover, AI assists in optimizing the energy management systems of electric grids, ensuring that EVs are charged at the most optimal times. This innovation is a key factor driving the widespread adoption of electric vehicles, offering both convenience and environmental benefits.

Brazil Electric Vehicle and Charging Infrastructure Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on electric vehicle and charging infrastructure.

Electric Vehicle and Charging Infrastructure Insights:

• Electric Vehicle
  • Breakup by Drive
    • Front Wheel Drive
    • Rear Wheel Drive
    • All-Wheel Drive
  • Breakup by Vehicle Type 
    • Passenger Car
    • Commercial Vehicle
    • Two-Wheeler
    • Three-Wheeler 
  • Breakup by Vehicle Class 
    • Low-Priced
    • Mid-Priced
    • Luxury Class 
  • Breakup by Distance Range 
    • Up to 150 Miles
    • 151-300 Miles
    • Above 300 Miles 
  • Breakup by Charging Type 
    • Normal Charging
    • Super Charging 
  • Breakup by Propulsion Type 
    • Plug-In Hybrid Electric Vehicles (PHEVs)
    • Battery Electric Vehicles (BEVs)
    • Hybrid Electric Vehicles (HEVs)
    • Fuel Cell Electric Vehicles (FCEVs) 
  • Breakup by Components
    • Battery Cells and Packs
    • Fuel Stack
    • On-Board Charger
    • Electric Motor
    • Brake, Wheel and Suspension
    • Body and Chassis
    • Others
• Charging Infrastructure 
  • Breakup by Charging Type 
    • Level 1 - 240 (V)
    • Level 2 - 120 (V)
    • Direct Current (DC)
  • Breakup by Location 
    • Residential Charging
    • Commercial Charging
    • Public Charging
    • Fleet Charging 
  • Breakup by Charging Speed 
    • Slow
    • Fast
    • Rapid
    • Ultrarapid 
  • Breakup by Connection Phase 
    • Single Phase
    • Three Phase
  • Breakup by Infrastructure Type 
    • CSS
    • CHAdeMO
    • GB/T
    • Others 
  • Breakup by Connectivity 
    • Smart Charging Station
    • Non-Smart Charging Station

The report has provided a detailed breakup and analysis of the market based on the electric vehicle and charging infrastructure. This includes electric vehicle [(breakup by drive (front wheel drive, rear wheel drive, and all-wheel drive), breakup by vehicle type (passenger car, commercial vehicle, two-wheeler, and three-wheeler), breakup by vehicle class (low-priced, mid-priced, and luxury class), breakup by distance range (up to 150 miles, 151-300 miles, and above 300 miles), breakup by charging type (normal charging and super charging), breakup by propulsion type (plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and fuel cell electric vehicles (FCEVs), and breakup by components (battery cells and packs, fuel stack, on-board charger, electric motor, brake, wheel and suspension, body and chassis, and others)] and charging infrastructure [(breakup by charging type (level 1 – 240 (V), level 2 – 120 (V), and direct current (DC)), breakup by location (residential charging, commercial charging, public charging, and fleet charging), breakup by charging speed (slow, fast, rapid, and ultrarapid), breakup by connection phase (single phase and three phase), breakup by infrastructure type (CSS, CHAdeMO, GB/T, and others), and breakup by connectivity (smart charging station and non-smart charging station)].

Regional Insights:

• Southeast
• South
• Northeast
• North
• Central-West

The report has also provided a comprehensive analysis of all the major regional markets, which include Southeast, South, Northeast, North, and Central-West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Brazil Electric Vehicle and Charging Infrastructure Market News:

• In July 2025, MG Motor confirmed its entry into Brazil's electric vehicle segment with models like the MG4, S5, and Cyberster. With a focus on performance and sustainability, this move reflects Brazil's growing electric vehicle market, driven by increasing sales and expanding charging infrastructure.
• In September 2024, WEG became the new supplier of electric vehicle charging stations for Mercedes-Benz Cars & Vans Brazil. This partnership will provide WEG WEMOB WALL charging stations to customers purchasing electric vehicles, enhancing convenience, safety, and expanding Brazil's EV charging infrastructure.
• In March 2024, ABB and the Graal Group announced partnership to commence the development of an electric vehicle (EV) charging network serving Brazil’s major cities. More than 40 ABB fast and semi-fast chargers are being installed on Graal forecourts and service stations in five of Brazil’s major states: São Paulo, Minas Gerais, Rio de Janeiro, Santa Catarina and Rio Grande do Sul. The ten fast and 31 semi-fast chargers will contribute to Brazil’s transition from a mobility network that is heavily dependent on fossil fuels to one that incorporates an EV charging network. .
• In February 2024, Brazilian energy giant Raizen and Chinese automaker BYD announced a strategic partnership to deploy a vast network of 600 EV charging stations across the country. This initiative aims to meet the increasing demand for charging infrastructure and accelerate the adoption of electric mobility in Brazil.

Brazil Electric Vehicle and Charging Infrastructure Market Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Brazil electric vehicle and charging infrastructure market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Brazil electric vehicle and charging infrastructure market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Brazil electric vehicle and charging infrastructure industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.