South America Electric Vehicle Charging Stations Market Size, Share, Opportunities, And Trends By Vehicle Type (Battery Electric Vehicles (BEV), Plug-In Hybrid Electric Vehicles (PHEV)), By Application (Commercial, Residential), By Charging Type (AC Charging (Level 1 And Level 2), DC Charging) - Forecasts From 2024 To 2029

South America's electric vehicle charging stations market is estimated at US$218.576 million in 2024 and is anticipated to attain US$654.532 million by 2029, at a CAGR of 24.53%.

An EV (electric vehicles) charging station is a hub or center that offers charging solutions to these vehicles. This links an EV to a power source, allowing electric vehicles, like passenger cars, two/three wheel EVs, fleets, and electric transport vehicles, to charge their batteries. The EV charging station market is expected to grow significantly in South America, mainly with the increasing ownership of electric vehicles and the introduction of new policies and investment plants to boost the nation's EV infrastructure.

The electric vehicle charging market in the region is expanding significantly, attributed to multiple factors, including rapid urbanization, the introduction of policies and projects by the governments to develop the electric vehicle ecosystem, and increasing demand for electric vehicles in the region. With the increasing demand and popularity of electric vehicles in the region, the need for an efficient and accessible charging solution will increase, creating new opportunities for businesses to invest in the region’s electric vehicle charging station market.

South America Electric Vehicle Charging Stations Market Drivers:

• Increasing urbanization and infrastructure development

A key driver contributing to the region's Electric Vehicle (EV) Charging Stations market’s growth is the increase in its urbanization rate. With rising urbanization, the demand for efficient and developed transportation infrastructures increases. Urban areas in South America are experiencing a rapid increase in population density. As more people live in cities and metropolitan regions, the demand for transportation solutions, including electric vehicles and charging solutions, rises. This expanding demand necessitates developing charging infrastructure to support the growing number of electric vehicles in urban environments.

Additionally, many cities in South America are embracing the notion of smart cities, targeting sustainability and integrating technology into urban living systems. EV charging infrastructure plays a crucial role in smart city plans, allowing the integration of renewable energy, intelligent grid management, and data-driven charging network optimization. As smart city initiatives gain momentum, the demand for charging stations increases, driving the market growth.

• Increasing demand for electric or zero-emission vehicles in South America

One of the major factors driving the South American electric vehicle charging station market growth is its increasing demand for electric vehicles. The International Energy Agency, in its report, stated that in 2023, 90,000 EVs were sold in Latin America. The agency further noted that in Brazil, 14,300 EVs were sold in 2021, including 8,300 Chinese automotive and 6,000 others. The total sales of EVs in Brazil expanded to about 52,300, which constitutes 40,600 from Chinese automakers.

Similarly, the sales of electric or zero-emission vehicles also increased significantly. The National Automotive Association of Chile (ANAC), in its report, stated that in 2023, about 1,588 fully electric vehicles were sold in the nation, an increase of about 22% compared to the previous year.

South America Electric Vehicle Charging Stations Market Products Offered by Key Companies:

• Blink Charging Co. is a multinational company that aims to make an impactful change by reducing global greenhouse emissions. The company offers commercial and residential E-mobility solutions, including charging station networks and EV chargers. It also offers the Blink Charging Mobile App, which helps drivers easily find charging stations near their location. In the North American charging station market, the company announced the expansion of its charging infrastructure in countries like Brazil, Argentina, and Peru.
• ABB  is among the global leaders in electrification and automation, catering to multiple industries, such as aluminum, mining, ports, power generation, chemicals, data centers, and solar power. Its products and solutions include control room solutions, PLC automation, robotics, medium-voltage products, and industrial software. The company offers multiple EV charging infrastructure solutions, such as AC destination, DC fast, DC high power all-in-one, V2G, and HVC 360, among others.

South America Electric Vehicle Charging Stations Market Key Developments:

• In May 2024, Enel X partnered with Espacio Urbano to launch Latin America's second-largest electric vehicle charging station. The partnership created about 103 public chargers in multiple strategic locations, like along the Alameda in Estación Central, near the capital city of Chile, Santiago. This charging station features the Waybox AC chargers, which have a power output of about 7.4kW and can be linked with the Enel X Way app.

The South American Electric Vehicle Charging Stations market is segmented and analyzed as follows:

• By Vehicle type
  • Battery Electric Vehicle (BEVs)
  • Plug-in Hybrid Electric Vehicle (PHEV)
• By Application
  • Commercial
  • Residential
• By Charging type
  • AC Charging (Level 1 and Level 2)
  • DC Charging
• By Country
  • Brazil
  • Argentina
  • Chile
  • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. SOUTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY VEHICLE TYPE 

5.1. Introduction

5.2. Battery Electric Vehicles (BEVs)

5.3. Plug-in Hybrid Electric Vehicle (PHEV)

6. SOUTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY APPLICATION

6.1. Introduction

6.2. Commercial

6.3. Residential

7. SOUTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY CHARGING TYPE

7.1. Introduction

7.2. AC Charging (Level 1 and Level 2)

7.3. DC Charging

8. SOUTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY COUNTRY

8.1. Introduction

8.2. Brazil

8.3. Argentina

8.4. Chile

8.5. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Blink Charging Co.

10.2. Enel

10.3. Delta Electronics, Inc.

10.4. Tesla, Inc.

10.5. BMW

10.6. ENGIE

10.7. ABB Ltd

10.8. Teison Energy Technology Co., Ltd.

10.9. Copec SA

Blink Charging Co. 

Enel 

Delta Electronics, Inc. 

Tesla, Inc.  

BMW 

ENGIE 

ABB Ltd 

Teison Energy Technology Co., Ltd. 

Copec SA