Chinese EVs Flood Latin America, Tesla Lags
Update: 2025-11-17
Description
In 2019, Luis Zwiebach, a Peruvian entrepreneur, bought a Tesla despite Peru lacking an official importer. Today, the electric vehicle landscape in Peru has transformed, with Chinese brands like BYD, Geely, and GWM flooding the market with affordable models. This surge in Chinese electric vehicles is part of a larger trend across South America, with sales of hybrid and electric vehicles in Peru hitting a record high. Chinese companies are rapidly expanding their presence, and the influx of affordable models, coupled with government incentives, has doubled EV penetration in Latin America to around four percent this year.
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