Electric Vehicles Boom in South America

In 2019, Peruvian entrepreneur Luis Zwiebach faced hurdles buying an electric car, but today, the market has transformed. Chinese brands like BYD, Geely, and GWM have flooded Peru with affordable electric vehicles, priced at around 60% of a Teslas cost. This surge in demand has led Zwiebach to expand his renewable energy business to include electric car charger installations. The growth of Chinese electric vehicles in South America is also boosted by new infrastructure, like the Chancay megaport in Peru, which cuts trans-Pacific shipping times in half. Despite challenges, the affordability and growing availability of electric cars are driving a significant shift in the regions automotive market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.