The Brazil electric vehicle aftermarket size reached USD 1.77 Million in 2024. The market is projected to reach USD 9.45 Million by 2024, exhibiting a growth rate (CAGR) of 20.46% during 2025-2033. The market is driven by government policy support through the MOVER program, providing substantial financial incentives for electric vehicle adoption and related services, the strategic expansion of charging infrastructure via public-private partnerships, creating demand for maintenance services, and localization of EV manufacturing through foreign direct investment, establishing robust aftermarket supply chains. Additionally, the growing adoption of electric vehicles across Brazil's diverse regions is expanding the Brazil electric vehicle aftermarket share.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 1.77 Million |
Market Forecast in 2033 | USD 9.45 Million |
Market Growth Rate 2025-2033 | 20.46% |
Government Policy Support and Financial Incentives Driving Market Growth
The Brazilian government has implemented comprehensive policy frameworks that are fundamentally transforming the electric vehicle ecosystem and creating substantial opportunities for aftermarket service providers. In June 2024, Brazil introduced the Green Mobility and Innovation Program under Law № 14.902, providing R$19.3 billion in financial incentives from 2024 to 2028 to facilitate the automotive sector’s shift toward low-emission vehicles. The program provides tax incentives for companies investing in research and development, with businesses able to receive between BRL 0.50 and BRL 3.20 in credits for every real invested in decarbonization initiatives. The legislation also introduced the "Green IPI" tax adjustment, which varies taxation based on vehicle sustainability levels, encouraging manufacturers to produce cleaner vehicles while establishing mandatory efficiency standards across the industry. As the EV fleet expands rapidly, the demand for specialized aftermarket services, including battery maintenance, electric motor diagnostics, and regenerative braking system repairs, is growing proportionally.
Strategic Expansion of Charging Infrastructure through Public-Private Partnerships
Brazil’s electric vehicle (EV) charging infrastructure is rapidly expanding through strategic public-private partnerships, which are enhancing aftermarket service opportunities, which is further driving the Brazil electric vehicle aftermarket growth. In February 2024, Raízen Power and BYD announced a partnership to deploy 600 charging stations across eight major cities, adding 18 megawatts of capacity. This expansion provides critical service touchpoints for maintenance checks, diagnostics, and component inspections. The integration of charging hubs with aftermarket services allows vehicle owners to address maintenance needs during charging sessions, improving time efficiency and encouraging regular servicing. With projections indicating Brazil will have 10,000 charging stations by 2025, these hubs create strategic locations for services related to charging systems and power management components. The collaboration also fosters knowledge exchange on battery technologies, helping aftermarket providers enhance their technical capabilities and keep pace with evolving EV technologies, ensuring that service standards meet the demands of Brazil’s growing electric mobility market.
Localization of Electric Vehicle Manufacturing through Foreign Direct Investment
The localization of electric vehicle (EV) manufacturing in Brazil is transforming the automotive supply chain and creating a strong foundation for the aftermarket sector. In July 2025, BYD began production at its new plant in Bahia, investing 3 billion reais. The plant manufactures electric buses, passenger vehicles, and lithium iron phosphate batteries, with an initial capacity of 150,000 vehicles annually, expected to scale to 300,000. Local manufacturing improves access to original equipment parts, reduces reliance on imports, and speeds up replacement and service response times. Similarly, Great Wall Motor opened Brazil’s first new energy vehicle factory in Iracemápolis in August 2025, with a capacity of 50,000 units per year. These manufacturing investments are bolstered by local supplier networks and R&D centers, benefiting aftermarket service providers by improving technician training, access to technical resources, and OEM parts availability. This localization trend also drives the growth of third-party suppliers offering cost-effective, quality alternatives, expanding consumer choice in the Brazilian EV aftermarket.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on replacement part, propulsion type, vehicle type, certification, and distribution channel.
Replacement Part Insights:
The report has provided a detailed breakup and analysis of the market based on the replacement part. This includes tires, batteries, brake parts, filters, body parts, lighting and electronic components, wheels, turbochargers, and others.
Propulsion Type Insights:
A detailed breakup and analysis of the market based on the propulsion type have also been provided in the report. This includes battery electric vehicles, hybrid electric vehicles, fuel cell electric vehicles, and plug-in hybrid electric vehicles.
Vehicle Type Insights:
The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger cars and commercial vehicles.
Certification Insights:
A detailed breakup and analysis of the market based on the certification have also been provided in the report. This includes genuine parts, certified parts, and uncertified parts.
Distribution Channel Insights:
The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes authorized service centers (OEMs), premium multi-brand service centers, digital aggregators, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Southeast, South, Northeast, North, and Central-West.
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.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Replacement Parts Covered | Tires, Batteries, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Turbochargers, Others |
Propulsion Types Covered | Battery Electric Vehicles, Hybrid Electric Vehicles, Fuel Cell Electric Vehicles, Plug-in Hybrid Electric Vehicles |
Vehicle Types Covered | Passenger Cars, Commercial Vehicles |
Certifications Covered | Genuine Parts, Certified Parts, Uncertified Parts |
Distribution Channels Covered | Authorized Service Centers (OEMs), Premium Multi-brand Service Centers, Digital Aggregators, Others |
Regions Covered | Southeast, South, Northeast, North, Central-West |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: