CleanTechnica•19 days ago
EV Sales Are Booming In Bolivia As The New President Scraps The Fuel Subsidy
Key Takeaway
Policy shifts, such as eliminating fuel subsidies, can rapidly accelerate EV adoption and electrification in developing nations, signaling future growth in electricity demand for power developers and IPPs.
AI Summary
- •Bolivia is experiencing a rapid shift towards electric vehicles (EVs) in 2025, with sales booming and internal combustion engine vehicle (ICEV) sales declining.
- •This electrification trend is directly driven by the new president's policy decision to scrap fuel subsidies, making EVs more economically attractive.
- •The policy change follows a two-year-long fuel crisis, highlighting how economic pressures and policy interventions can accelerate EV adoption and, consequently, future electricity demand.
Topics
emissionspolicy
Article Content
If one is interested in the electrification of developing countries, Bolivia is perhaps the most interesting Latin American country to follow in 2025. Amidst a two-year-long fuel crisis, the Andean country has been quietly building a massive EV revolution as ICEV sales slowly collapse, as we reported earlier this year. ... [continued] The post EV Sales Are Booming In Bolivia As The New President Scraps The Fuel Subsidy appeared first on CleanTechnica .