Uruguay Electric Vehicles
Uruguay would like to increase the number of market participants in the EV sector, which represents an opportunity for U.S. electric vehicle producers.
Uruguay has a well-developed renewable energy infrastructure and the government is promoting increased electric vehicle use. Uruguay prioritizes renewable energy generation and 98% of the country’s electricity comes from renewable sources. During non-peak demand hours, Uruguay generates an excess of electricity supply. Due to the excess supply, the Uruguayan government created incentives to promote electric transportation adoption.
Uruguay’s size, tax incentive structures and government stance towards green technologies offer favorable conditions for electric vehicles (EV). Uruguay generates 98% of its electricity from renewable sources and produces excess electricity during non-peak demand hours. Because of the excess electricity the Uruguayan government created tax incentives and subsidies to promote EV adoption in the country. These incentives make the purchase of an EV economically more feasible and apply to various vehicle types such as vans, buses, and taxis.
In terms of EV infrastructure, Uruguay has 68 charging stations located across the country. Additionally, by the end of 2021, Uruguay intends to double the amount of charging stations to have a charging point every 50 km. Despite Uruguay’s favorable EV environment there are relatively few EV brands in the market. The government of Uruguay would like to increase the number of market participants in the EV sector, which represents an opportunity for U.S. electric vehicle producers.
U.S. companies involved in electric transportation field are encouraged to contact the U.S. Department of Commerce in Montevideo, Uruguay for more information: Office.Montevideo@trade.gov.