Chile Electric Vehicle Market Research Report, 2027

In Chile, the culture around the electric vehicle (EV) sector is characterised by a rise in interest in environmentally friendly transportation. Chileans are increasingly conscious of the environmental challenges and the need to transition to cleaner transportation alternatives. The culture emphasizes the importance of reducing greenhouse gas emissions, improving air quality, and mitigating climate change. Electric vehicles, with their zero tailpipe emissions, are seen as a solution to address these environmental concerns. Chile has abundant renewable energy resources, including solar and wind power. The culture surrounding the EV market in Chile recognizes the synergy between electric vehicles and renewable energy. There is a strong emphasis on utilizing clean and domestically sourced energy for charging electric vehicles, aligning with the country's goal of reducing dependence on fossil fuels. Chile has been exploring and implementing Vehicle-to-Grid (V2G) technology as part of its efforts to optimize the use of EVs in the energy system. According to the research report “Chile Electric Vehicle Market Research Report, 2027," published by Actual Market Research, The Chile Electric Vehicle market is projected to reach market size of more than USD 160 Million by 2027. EV enthusiasts and organizations utilize social media platforms to share information, tips, and success stories related to electric mobility. Online communities, forums, and dedicated EV groups provide a space for discussions, Q&A sessions, and sharing of resources. These platforms serve as valuable resources for individuals seeking information about electric vehicles and help build a supportive community of EV enthusiasts. The both passenger and commercial EVs are present in the Chilean market, passenger EVs are currently more preferred and have a higher adoption rate due to their suitability for personal transportation and the availability of government incentives and charging infrastructure. Chile, particularly in urban areas like Santiago, faces challenges related to congestion and air pollution. The culture of the EV market recognizes electric vehicles as a solution to improve urban mobility and reduce traffic-related emissions. EVs are seen as practical and sustainable options for commuting within cities.

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Environmental Consciousness of consumers are increasingly concerned about reducing their carbon footprint and contributing to a cleaner environment. Passenger EVs offer a sustainable and zero-emission mode of personal transportation, aligning with the growing awareness of environmental issues. In Chile, electric vehicles (EVs) need to comply with certain certifications and regulations to ensure their safety, performance, and compliance with environmental standards. The main certification required for EVs in Chile is the "Homologation" process, which is overseen by the Ministry of Transportation and Telecommunications (Ministerio de Transportes y Telecomunicaciones). Kayak is an electric scooter sharing startup that operates in Santiago, Chile. It offers convenient and eco-friendly transportation solutions for short-distance urban travel, reducing the reliance on conventional vehicles and contributing to reduced emissions. The preference for BEVs in Chile is also driven by government incentives, such as tax exemptions, reduced import duties, and subsidies, which have made electric vehicles more affordable and attractive to consumers. The availability of charging infrastructure across the country has further facilitated the adoption and use of BEVs. E-Mobility Week is a comprehensive event that focuses on promoting sustainable mobility solutions, including electric vehicles. It features exhibitions, conferences, workshops, and test drives, offering a holistic experience to participants. The event brings together key stakeholders, including government officials, industry experts, and consumers, to discuss and explore the latest developments in the EV sector. Electric vehicle roadshows are organized in different cities across Chile to increase public awareness and understanding of electric mobility. EVs in Chile must go through the same licencing and registration procedures as traditional vehicles. The registration procedure makes sure that EVs adhere to the regulations needed to operate legally on Chilean roadways. To guarantee that their vehicles are correctly documented and adhere to all legal requirements, EV owners must follow registration and licencing procedures. Considered in this report • Geography: Chile • Historic year: 2017 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027

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Kripa Shah

Senior Analyst

Aspects covered in this report • Chile market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Passenger Vehicle • Commercial Vehicle By population type • BEV • PHEV The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources.

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Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to organic food and beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.