| Product Code: ETC5876881 | 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 |
The import shipments of smart electric drive vehicles in El Salvador in 2024 continued to show strong growth, with top exporting countries being China, USA, Germany, Vietnam, and Mexico. High Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) for the period 2020-2024 stood at an impressive 24.55%, with a notable growth rate of 33.55% from 2023 to 2024. This data underscores the increasing popularity and demand for smart electric vehicles in the El Salvadoran market, with diverse sources contributing to the country`s import supply.

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 Smart Electric Drive Market Overview |
3.1 El Salvador Country Macro Economic Indicators |
3.2 El Salvador Smart Electric Drive Market Revenues & Volume, 2021 & 2031F |
3.3 El Salvador Smart Electric Drive Market - Industry Life Cycle |
3.4 El Salvador Smart Electric Drive Market - Porter's Five Forces |
3.5 El Salvador Smart Electric Drive Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 El Salvador Smart Electric Drive Market Revenues & Volume Share, By EV Type, 2021 & 2031F |
3.7 El Salvador Smart Electric Drive Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 El Salvador Smart Electric Drive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting sustainable transportation solutions |
4.2.2 Increasing awareness about environmental issues and the benefits of electric vehicles |
4.2.3 Technological advancements in smart electric drive technologies |
4.3 Market Restraints |
4.3.1 Limited infrastructure for electric vehicle charging stations |
4.3.2 Higher initial cost of smart electric vehicles compared to traditional vehicles |
4.3.3 Limited availability of smart electric vehicle models in the market |
5 El Salvador Smart Electric Drive Market Trends |
6 El Salvador Smart Electric Drive Market Segmentations |
6.1 El Salvador Smart Electric Drive Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 El Salvador Smart Electric Drive Market Revenues & Volume, By PC, 2021-2031F |
6.1.3 El Salvador Smart Electric Drive Market Revenues & Volume, By CV, 2021-2031F |
6.1.4 El Salvador Smart Electric Drive Market Revenues & Volume, By 2W, 2021-2031F |
6.2 El Salvador Smart Electric Drive Market, By EV Type |
6.2.1 Overview and Analysis |
6.2.2 El Salvador Smart Electric Drive Market Revenues & Volume, By BEV, 2021-2031F |
6.2.3 El Salvador Smart Electric Drive Market Revenues & Volume, By PHEV, 2021-2031F |
6.2.4 El Salvador Smart Electric Drive Market Revenues & Volume, By HEV, 2021-2031F |
6.3 El Salvador Smart Electric Drive Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 El Salvador Smart Electric Drive Market Revenues & Volume, By Power Electronics, 2021-2031F |
6.3.3 El Salvador Smart Electric Drive Market Revenues & Volume, By E-Brake Booster, 2021-2031F |
6.3.4 El Salvador Smart Electric Drive Market Revenues & Volume, By Inverter, 2021-2031F |
6.3.5 El Salvador Smart Electric Drive Market Revenues & Volume, By Motor, 2021-2031F |
6.3.6 El Salvador Smart Electric Drive Market Revenues & Volume, By Battery, 2021-2031F |
7 El Salvador Smart Electric Drive Market Import-Export Trade Statistics |
7.1 El Salvador Smart Electric Drive Market Export to Major Countries |
7.2 El Salvador Smart Electric Drive Market Imports from Major Countries |
8 El Salvador Smart Electric Drive Market Key Performance Indicators |
8.1 Number of new charging stations installed |
8.2 Increase in public transportation using smart electric vehicles |
8.3 Adoption rate of smart electric vehicles among commercial fleets |
8.4 Average battery range of smart electric vehicles sold |
8.5 Number of partnerships between government and private sector for promoting smart electric drive technologies |
9 El Salvador Smart Electric Drive Market - Opportunity Assessment |
9.1 El Salvador Smart Electric Drive Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 El Salvador Smart Electric Drive Market Opportunity Assessment, By EV Type, 2021 & 2031F |
9.3 El Salvador Smart Electric Drive Market Opportunity Assessment, By Component, 2021 & 2031F |
10 El Salvador Smart Electric Drive Market - Competitive Landscape |
10.1 El Salvador Smart Electric Drive Market Revenue Share, By Companies, 2024 |
10.2 El Salvador Smart Electric Drive Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |