Mexico Now Leads US in Electric Vehicle Exports, Surpassing Major Automakers
Mexico City – Mexico has overtaken Japan, South Korea, and Germany to become the leading supplier of electric vehicles (EVs) to the United States, shipping 145,000 units in 2024, according to the latest EvolvX Mexico Mobility Report by Latam Mobility. This marks a significant shift in the North American automotive landscape, fueled by increased investment and a robust domestic supply chain.
The country doubled its overall EV production in 2024, reaching 220,000 units, with the majority destined for the U.S. market. “This change confirms Mexico’s strategic role as a key player in the clean mobility supply chain in North America,” stated Rebeca González,co-founder of Latam mobility. “It’s supported by its competitive manufacturing base, human capital and an expanding charging infrastructure network.”
Mexico’s exports to the U.S. have tripled from 2023 to 2024, capitalizing on its geographic proximity, skilled workforce, and favorable trade agreements like the USMCA (formerly T-MEC). While Japan and South Korea remain significant automotive suppliers, the USMCA provides a distinct advantage for Mexican exports.
Currently, four major automakers are driving Mexico’s EV export boom: General Motors, shipping the Chevrolet Blazer EV and Equinox EV; Ford, exporting the mustang Mach-E; Stellantis, producing the Wagoneer S; and Toyota, sending the Hybrid Tacoma.
As of September 2024, the Mexican association of the automotive Industry (AMIA) reports a cumulative production of 171,749 electric and hybrid vehicles – a 42.5% increase compared to the same period last year. This growth underscores Mexico’s rapidly expanding role in the global EV market.
