Mexico moves to produce local electric vehicles to compete with imports

Mexican President-elect Claudia Sheinbaum holds a press conference after a meeting with Mexico's President Andres Manuel Lopez Obrador at Palacio Nacional, in Mexico City, Mexico. June 10, 2024. REUTERS/Raquel Cunha
Source: REUTERS

Mexico is taking giant steps to introduce locally manufactured electric vehicles (EVs).

This forms part of efforts to reduce emissions and tackle climate change in the country.

The move is also expected to rival imported EVs from countries including India and China.

Mexico’s president, Claudia Sheinbaum has already secured prototypes for this compact electric vehicle.

Sheinbaum who is also a former energy researcher hopes to develop Mexico’s supply chains and reduce reliance on imports through this.

“We are going to generate supply chains so that everything that is in the electric car is manufactured in the country and we import as little as possible,” Sheinbaum was quoted as having said during a press briefing.

The vehicles will resemble small alternatives to motorcycles and Indian mini cars produced in China and India and will be facilitated by Mexican manufacturers of motors and researchers.

“There are companies in Mexico that have been making electric motors for a long time, so the idea is to bring them together with Mexican researchers so that they can assemble this electric vehicle,” she said.

 The president further noted that the local production of these vehicles will develop the country’s copper and lithium industries and make roadways safer.

This comes as countries around the world make efforts to move towards the use of electric vehicles to promote sustainable energy and reduce the effects of climate change through carbon reduction.

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