That’s how much it costs to charge an electric car in some Latin American countries

Find out the real cost of charging an electric car in one of the Latin American countries, which is the most expensive?

The electric mobility is gaining ground in Latin America. More and more people are betting on the sustainability of zero-emission vehicles. ButHow much does it really cost to charge an electric car? in these countries?
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So, Bloomberg line took on the task of investigating average prices and complexity of the electromobility market. By consulting the main associations in the automotive sector, he obtained revealing data on the actual costs of freight in several Latin American countries.
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Martín Gallegos, mobility expert and CEO of Mobilty Energy, told the media. “When electric vehiclesstored energy depends on battery capacity, which is expressed in kWh (kilowatt hours)’. Current electric cars can store 30 to 100 kWh in your batterieswhich are mainly composed of lithium and other minerals.

What is the power consumption?

Addition energy costsThe decisive factors are vehicle performance and range. The power of the electric motors of electric cars is defined in kW and can vary between 30 and 290 kW depending on the brand and reference.
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Autonomy, i.e. the distance the car can travel at full load varies depending on factors such as topography and driver’s driving habits.
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And in an emerging market like Latin America, There is no defined standard for transportation cost analysis. The digital media was thus consulted by the main associations of the automotive sector in different countries to know average freight prices electric cars.
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In this sense, they are the following average freight prices in some of countries of Latin America.

Average prices

  • Brazil: According to the National Federation of Automotive Vehicle Distribution (Fenabrave), a full charge of a model with a 50 kWh battery can cost between R$95 (US$18.7) and R$105 (US$20.7).
  • Mexico: It costs an average of between $0.09 and $0.23 per mile (1.6 km) to run an electric car in this country, according to data from Energy5.
  • Chili: A charge for a 200 km trip can cost between $9 and $14 depending on the type of charge used.
  • Argentina: According to a study by the Public Services Regulatory Entity (ERSEP), charging an electric car in Argentina costs one-ninth of the money needed for a gasoline-powered car to cover the same number of kilometers.
  • Colombia: According to Enel X, charging the battery of an electric car with a range of 300 km can last more than a week. Installing a charging point at home can cost an average of US$3,000,000 ($706.5).
  • Peru: It costs about 1.3 USD to travel 35 km with an electric car. While a gasoline one costs about US$5.3, according to Adolfo Rojas, president of the Association of Entrepreneurs for the Development and Promotion of Electric Vehicles in Peru.
  • Costa Rica: According to Silvia Rojas, executive director of the Costa Rican Electric Mobility Association, charging a battery at home for 500 km can cost about $14, compared to $70 to $80 for a tank of gas.
  • Guatemala: It costs $55.05 to fill the fuel tank. Conversely, recharging an electric car’s battery costs just $12.81, according to Nancy Chacón, president of the Electric Mobility Association of Guatemala.

These data reveal more than just cost differences. Also economic viability of electric cars compared to incineration in each country. As infrastructure expands and costs decrease, electric vehicles are likely to become more affordable for Latin America.

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