All expectations shattered in Q2 as Latin America surpasses 10% EV market share

Electric vehicle sales (including battery electric vehicles and plug-in hybrids) accelerated considerably in the second quarter of 2026. After reaching a record 110,000 units in Q1, Q2 delivered a substantially higher record, with sales nearly reaching 190,000 units.

This growth represents a 58% increase compared with the first quarter and an impressive 137% increase compared with the second quarter of last year. As a result, for the first time, the region’s EV market share has surpassed the 10% threshold.

 

The growth of electric vehicles has been fast enough to cause a decline in sales of combustion-powered vehicles (including non-plug-in hybrids), despite growth in the overall vehicle market. Specifically, total vehicle sales increased by approximately 50,000 units, whereas sales of combustion-powered vehicles fell by 60,000 units, driven by an increase of 110,000 units in electric vehicle sales.

If you would like to learn more, we invite you to read our full report on CleanTechnica: Latin America EV Sales Report: 10% EV Market Share Surpassed in Q2!