Story perspectives

Costa Rica's Electric Vehicle Sales Surge 80% in 2024

5/5/2025

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Summary

Story summary

In 2024, Costa Rica achieved a record sale of 11,373 all-electric vehicles, marking an 80% increase from 2023.
The country secured a 15.4% market share, leading Latin America in electric vehicle adoption.
Tax exemptions and competitive pricing contributed to surpassing Canada and the U.S. in EV sales.
Challenges include insufficient charging infrastructure and potential tax increases that may hinder growth.
A pending bill aims to improve charging infrastructure, vital for sustaining EV adoption.

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Story summary

In 2024, Costa Rica achieved a record sale of 11,373 all-electric vehicles, marking an 80% increase from 2023.
The country secured a 15.4% market share, leading Latin America in electric vehicle adoption.
Tax exemptions and competitive pricing contributed to surpassing Canada and the U.S. in EV sales.
Challenges include insufficient charging infrastructure and potential tax increases that may hinder growth.
A pending bill aims to improve charging infrastructure, vital for sustaining EV adoption.