Are there many electric cars in Argentina?: how many were sold in 2020 and what are the models

The best-selling model is the Toyota Corolla, with 2,549 units sold, followed by the Toyota Corolla Cross (1,768) and the Toyota Rav4 (725) and in fourth place appears a vehicle of another brand, the Ford Kuga (322)

Although the electric car market in Argentina is still very limited, it is gaining volume year after year, although it is still far from the development that exists in Europe or Asia. In that framework, During 2021, 5,871 hybrid and electric vehicles were sold in the country, that is 3,488 vehicles more than in 2020, which represents a year-on-year increase of 148%, according to a report from Online Information System of the Automotive Market (Siomma), a market intelligence company dependent on the Automotive Dealers Association (Acara).

Although the comparative jump of 148% is important, the number is low: it represents just 1.5% of the total of 381,777 vehicles that were sold last year in a weak domestic market that still registered 11.5% more sales than in 2020.

In this sense, the entity highlighted that since 2010, when the first Toyota Prius was patented in the country, total sales of this type of vehicle were 10,735 units, “which means that more than half of all hybrid and electric vehicles sold in the country were delivered last year (55%)”.

Likewise, the chamber presided over by Richard Salome He pointed out that “the models sold in the country are still very biased towards hybrid technologies” which last year accounted for 99.1% of patents, while pure electric vehicles had a share of less than 1 percent.

The local market for electric vehicles began to advance from the decrees that grant tariff reductions for their importation

It should be noted that hybrid and electric cars have been promoted in recent years in several countries, especially those of the European Union, with the purpose of reducing carbon emissions and mitigating the impact of climate change, within the framework of fossil fuel substitution policies.

However, Acara highlighted in a statement that “the local market for electric vehicles began to advance from the decrees that grant tariff reductions for their importation.” In that order, he indicated that “as of decree 331/2017, this type of vehicle can be imported at a preferential tariff of 5% (hybrids), 2% (pure electric) and 0% (with fuel cells – hydrogen).

“In the last update of September of last year (Decree 617/2021), the national government extended until March 2023 the benefits to import and assigned a quota of 4,500 units that may enter the country paying preferential import tariff”, he remarked.

The decree assigns a share of 95% of that quota for terminals with automotive production in the country (4,275 units) and the remaining 5% for import representatives of terminals not located in Argentina (225 units).

According to the entity, with last year’s sales performance, the hybrid and electric vehicle market more than doubled its share percentage in total light vehicle sales. “While in 2020 it had reached 0.7% of the total, in 2021 it reached the maximum so far of 1.7%,” Acara clarified in this regard.

The 10 best-selling models in the country

The best-selling model is the Toyota Corolla, with 2,549 units sold, followed by the Toyota Corolla Cross (1,768) and the Toyota Rav4 (725) and in fourth place appears a vehicle of another brand, the Ford Kuga (322).

The company that continues to lead the hybrid and electric market in Argentina is Toyota
The company that continues to lead the hybrid and electric market in Argentina is Toyota

Then complete the list the Ford Mondeo, with 172 units sold; the Toyota C-HR, with 120 units sold; the Lexus NX (55 units); Mercedes Benz GLE 450 (26); the Renault Kangoo II (25) which is 100% electric, and the Lexus RX, with 21 units sold.

Meanwhile, the company that continues to lead the hybrid and electric market in Argentina is Toyota, which last year kept 88% of sales, growing even over 2020 when it had reached 78% of the total.

The list is followed by Ford, which last year delivered 495 hybrid vehicles and got 8.4% of the market.

Lexus (Toyota’s premium brand) is in third place with 98 units sold and 1.7% of the market, so the three mentioned brands accounted for 98.3% of the total market in 2021.

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Reference-www.infobae.com

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