| Product Code: ETC7066590 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The electric vehicles import market in El Salvador continues to show significant growth, with top exporters including China, India, USA, Taiwan, and Mexico leading the way in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges for new players to enter. The impressive compound annual growth rate (CAGR) of 107.09% from 2020 to 2024 highlights the increasing demand for electric vehicles in the country. Furthermore, the substantial growth rate of 89.38% from 2023 to 2024 indicates a rapidly expanding market that presents opportunities for both exporters and local stakeholders.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 El Salvador Electric Vehicles Market Overview |
3.1 El Salvador Country Macro Economic Indicators |
3.2 El Salvador Electric Vehicles Market Revenues & Volume, 2021 & 2031F |
3.3 El Salvador Electric Vehicles Market - Industry Life Cycle |
3.4 El Salvador Electric Vehicles Market - Porter's Five Forces |
3.5 El Salvador Electric Vehicles Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 El Salvador Electric Vehicles Market Revenues & Volume Share, By Propulsion Type, 2021 & 2031F |
3.7 El Salvador Electric Vehicles Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 El Salvador Electric Vehicles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and policies promoting the adoption of electric vehicles |
4.2.2 Increasing environmental awareness and the demand for sustainable transportation solutions |
4.2.3 Improving infrastructure for electric vehicle charging stations |
4.2.4 Rising fuel prices incentivizing consumers to switch to electric vehicles |
4.3 Market Restraints |
4.3.1 High upfront cost of electric vehicles compared to traditional gasoline vehicles |
4.3.2 Limited availability of electric vehicle models in the market |
4.3.3 Range anxiety among consumers due to limited charging infrastructure |
4.3.4 Lack of skilled workforce for maintenance and repair of electric vehicles |
5 El Salvador Electric Vehicles Market Trends |
6 El Salvador Electric Vehicles Market, By Types |
6.1 El Salvador Electric Vehicles Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 El Salvador Electric Vehicles Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 El Salvador Electric Vehicles Market Revenues & Volume, By Battery Electric Vehicles (BEVs), 2021- 2031F |
6.1.4 El Salvador Electric Vehicles Market Revenues & Volume, By Plug-in Hybrid Electric Vehicles (PHEVs), 2021- 2031F |
6.1.5 El Salvador Electric Vehicles Market Revenues & Volume, By Hybrid Electric Vehicles (HEVs), 2021- 2031F |
6.2 El Salvador Electric Vehicles Market, By Propulsion Type |
6.2.1 Overview and Analysis |
6.2.2 El Salvador Electric Vehicles Market Revenues & Volume, By Battery Electric, 2021- 2031F |
6.2.3 El Salvador Electric Vehicles Market Revenues & Volume, By Hybrid Electric, 2021- 2031F |
6.3 El Salvador Electric Vehicles Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 El Salvador Electric Vehicles Market Revenues & Volume, By Personal, 2021- 2031F |
6.3.3 El Salvador Electric Vehicles Market Revenues & Volume, By Commercial, 2021- 2031F |
7 El Salvador Electric Vehicles Market Import-Export Trade Statistics |
7.1 El Salvador Electric Vehicles Market Export to Major Countries |
7.2 El Salvador Electric Vehicles Market Imports from Major Countries |
8 El Salvador Electric Vehicles Market Key Performance Indicators |
8.1 Number of new electric vehicle registrations in El Salvador |
8.2 Expansion of charging infrastructure network across key cities |
8.3 Adoption rate of electric vehicles in public transportation fleets |
8.4 Investment in research and development for locally produced electric vehicle components |
8.5 Reduction in carbon emissions from the transportation sector |
9 El Salvador Electric Vehicles Market - Opportunity Assessment |
9.1 El Salvador Electric Vehicles Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 El Salvador Electric Vehicles Market Opportunity Assessment, By Propulsion Type, 2021 & 2031F |
9.3 El Salvador Electric Vehicles Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 El Salvador Electric Vehicles Market - Competitive Landscape |
10.1 El Salvador Electric Vehicles Market Revenue Share, By Companies, 2024 |
10.2 El Salvador Electric Vehicles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |