By Sama Marwan,
On Friday, BRICS TV shed light on the rapid growth of Brazil’s electric vehicle (EV) market, citing increases in imports, sales, and the expansion of charging infrastructure.
According to Brazil’s Ministry of Development, Industry, Trade, and Services, electric vehicle imports reached a record high of $1.6 billion in 2024—a 107.7% increase from the previous year. Additionally, sales grew by 89% in 2024, with 21,634 electric cars sold in December alone.
Experts predict further growth in the EV market this year, driven by a wider range of available models, the entry of new manufacturers, decreasing EV prices compared to internal combustion engine (ICE) vehicles, and greater consumer awareness. The expansion of charging networks is also expected to play a crucial role.
Beyond their environmental benefits, electric cars appeal to consumers due to their cost efficiency. Charging costs are significantly lower than fueling with gasoline or diesel, and EVs require less maintenance.
Analysts anticipate that electric vehicles will become cheaper than ICE vehicles before the end of the decade, making the transition to EVs inevitable.
BRICS TV is a media channel covering political, economic, historical, and cultural affairs of the BRICS nations—Brazil, Russia, India, China, and South Africa—along with newly joined members, including Egypt, the UAE, Iran, and Ethiopia.
