- On Sustainable Transport Day, the company highlights the accelerated growth of its new energy vehicle portfolio, which increased by 308% in three years, and its commitment to advancing towards cleaner and more accessible mobility for Latin America.
On Sustainable Transport Day, commemorated globally on 26 November, Inchcape Americas highlights its progress in the transition towards cleaner mobility, establishing itself as one of the most significant players in the new energy vehicle (NEV) segment in Latin America.
As of September 2025, the company achieved a regional market share of 18.5% in the NEV sector across the countries where it operates, reflecting the sustained growth of its portfolio and the accelerated adoption of more efficient technologies in the region. “Today, the region is at a turning point. We see growing interest in more efficient and environmentally friendly mobility solutions, and our goal is to support this transition with a broad, reliable offering tailored to the needs of each customer in every country. We are confident that new energy vehicles will continue to grow strongly in the coming years,” said José Miguel Silva, Regional Director of New Energy Vehicles at Inchcape Americas.
Over the past three years, Inchcape has driven significant growth in the availability of electrified vehicles. Between 2022 and 2025, its NEV portfolio grew by 308% in volume, accompanied by a 129% increase in the number of available models, reaching nearly 128 versions marketed by September 2025. This progress reflects the company’s electrification strategy, focused on expanding the range of clean technologies and responding to the realities and needs of Latin American consumers.
Inchcape’s regional leadership is evident in key markets. Bolivia and Panama stand out with NEV market shares of 58% and 57%, respectively. Chile reaches 39%, consolidating itself as one of the most dynamic markets, while Peru records 30% and Colombia 18%. The remaining countries where Inchcape operates — including Costa Rica, Ecuador, El Salvador, Guatemala, and Uruguay — show figures below 6%, but with a positive trend driven by the arrival of new technologies and greater model availability.
This growth is supported by a combination of brands and new energy technologies that expand consumer options. Suzuki leads the regional offering with 67% of the NEV portfolio, primarily through its micro-hybrid models. It is followed by Mercedes-Benz, with 8% thanks to its PHEV and MHEV lines, and Subaru and Volvo, which have strengthened the adoption of hybrid and electric technologies. A notable milestone is Volvo’s performance in Chile, where the EX30 became the best-selling 100% electric model in 2025, reinforcing the growing preference for electric vehicles in the country.
The new energy market is advancing strongly in both the mainstream and premium segments. While the latter grows at a rate of 20% compared to 2024, the mass segment is expanding at a pace of 76%, driven by the arrival of new brands and models at more accessible prices. This combination broadens the spectrum for more consumers to access low-emission technologies, demonstrating that the energy transition is no longer concentrated solely in high-value segments.
For Inchcape, electrification must progress at a pace that reflects the reality of each country. The study “Engines of Change,” developed in collaboration with Ipsos, revealed that 71% of Chileans have a positive opinion of NEVs, although purchase interest varies significantly between markets: 45% in Colombia, 30% in Peru, and 27% in Ecuador. This underscores the need for differentiated strategies that combine infrastructure, appropriate incentives, consumer education, and the availability of intermediate technologies such as hybrids, especially in markets where the development of public charging infrastructure is still limited.
With a strategy based on innovation, accessibility, and sustainability, Inchcape Americas will continue to strengthen its role as a regional leader in new energy mobility. The company reaffirms its commitment to leading the energy transition through a diversified portfolio, partnerships with global manufacturers, and a vision focused on providing mobility solutions that reduce emissions and improve the quality of life for people across the region.