| Product Code: ETC5874620 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
El Salvador`s light electric vehicles (LEVs) import market continued to thrive in 2024, with top exporters being the USA, China, Mexico, France, and Japan. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 14.73% from 2020 to 2024 highlights sustained growth. Particularly noteworthy is the growth spike of 41.43% from 2023 to 2024, signaling increasing demand for LEVs in El Salvador. This data suggests a promising outlook for the country`s LEV market, with opportunities for further expansion and development.

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 Light Electric Vehicles (LEVs) Market Overview |
3.1 El Salvador Country Macro Economic Indicators |
3.2 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume, 2021 & 2031F |
3.3 El Salvador Light Electric Vehicles (LEVs) Market - Industry Life Cycle |
3.4 El Salvador Light Electric Vehicles (LEVs) Market - Porter's Five Forces |
3.5 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume Share, By Vehicle Category, 2021 & 2031F |
3.7 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume Share, By Power Output, 2021 & 2031F |
4 El Salvador Light Electric Vehicles (LEVs) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and subsidies promoting the adoption of light electric vehicles. |
4.2.2 Increasing environmental awareness and the shift towards sustainable transportation solutions. |
4.2.3 Rising fuel prices leading to cost savings associated with using light electric vehicles. |
4.3 Market Restraints |
4.3.1 Limited charging infrastructure hindering widespread adoption of light electric vehicles. |
4.3.2 High initial cost of purchasing light electric vehicles compared to traditional vehicles. |
4.3.3 Lack of consumer awareness and education about the benefits and features of light electric vehicles. |
5 El Salvador Light Electric Vehicles (LEVs) Market Trends |
6 El Salvador Light Electric Vehicles (LEVs) Market Segmentations |
6.1 El Salvador Light Electric Vehicles (LEVs) Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume, By Personal Mobility, 2021-2031F |
6.1.3 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume, By Shared Mobility, 2021-2031F |
6.1.4 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume, By Recreation & Sports, 2021-2031F |
6.1.5 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume, By Commercial, 2021-2031F |
6.2 El Salvador Light Electric Vehicles (LEVs) Market, By Vehicle Category |
6.2.1 Overview and Analysis |
6.2.2 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume, By 2-wheelers, 2021-2031F |
6.2.3 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume, By 3-wheelers, 2021-2031F |
6.2.4 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume, By 4-wheelers, 2021-2031F |
6.3 El Salvador Light Electric Vehicles (LEVs) Market, By Power Output |
6.3.1 Overview and Analysis |
6.3.2 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume, By Less than 6 kW, 2021-2031F |
6.3.3 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume, By 6-9 kW, 2021-2031F |
6.3.4 El Salvador Light Electric Vehicles (LEVs) Market Revenues & Volume, By 9-15 kW, 2021-2031F |
7 El Salvador Light Electric Vehicles (LEVs) Market Import-Export Trade Statistics |
7.1 El Salvador Light Electric Vehicles (LEVs) Market Export to Major Countries |
7.2 El Salvador Light Electric Vehicles (LEVs) Market Imports from Major Countries |
8 El Salvador Light Electric Vehicles (LEVs) Market Key Performance Indicators |
8.1 Average daily distance traveled by light electric vehicles in El Salvador. |
8.2 Number of public charging stations for light electric vehicles. |
8.3 Percentage of government budget allocated to support the development of light electric vehicle infrastructure. |
9 El Salvador Light Electric Vehicles (LEVs) Market - Opportunity Assessment |
9.1 El Salvador Light Electric Vehicles (LEVs) Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 El Salvador Light Electric Vehicles (LEVs) Market Opportunity Assessment, By Vehicle Category, 2021 & 2031F |
9.3 El Salvador Light Electric Vehicles (LEVs) Market Opportunity Assessment, By Power Output, 2021 & 2031F |
10 El Salvador Light Electric Vehicles (LEVs) Market - Competitive Landscape |
10.1 El Salvador Light Electric Vehicles (LEVs) Market Revenue Share, By Companies, 2024 |
10.2 El Salvador Light Electric Vehicles (LEVs) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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