Latin America Electric Scooter Market to Soar to USD 5.59 Billion by 2033

Latin America Electric Scooter Market Overview

Market Size in 2024: USD 2.45 Billion

Market Forecast in 2033: USD 5.59 Billion

Market Growth Rate (2025–2033): 9.60% CAGR

The Latin America electric scooter market size reached USD 2.45 Billion in 2024, according to a new report by IMARC Group. Looking forward, the market is projected to reach USD 5.59 Billion by 2033, expanding at a CAGR of 9.60% during 2025–2033.

Latin America Electric Scooter Market Trends and Drivers:

The market is growing steadily. The demand for eco-friendly transportation is rising in major cities in Latin America. Electric scooters are becoming more popular as cities face congestion and air pollution. They provide zero-emission benefits. Their compact design works well in urban traffic. Government programs are boosting electric mobility. They offer tax breaks, subsidies, and set emission rules. This leads to more people adopting electric vehicles.

Expansion of Ride-Sharing and Last-Mile Delivery Services

Electric scooter-sharing services are growing fast in Brazil, Mexico, and Colombia. This boom is boosting the market. These services offer a cost-effective and efficient last-mile mobility solution for commuters. The e-commerce market is growing. So, demand for electric scooters in delivery fleets is rising. Companies want to cut costs and lower their carbon footprints.

Advancements in Battery Technology and Charging Infrastructure

Improved lithium-ion batteries are enhancing electric scooters. They boost performance, extend range, and increase lifespan. This makes them more suitable for everyday city use. Investment in charging infrastructure is growing. This includes both public and private options. It allows for faster charging and boosts consumer confidence. Battery-swapping models are also emerging in the region, addressing range anxiety concerns.

Strategic Investments and Product Innovation

Top manufacturers and startups are launching new models. They focus on local tastes in design, power, and price. New lightweight materials and smart connections make things better. Built-in GPS tracking boosts user safety.

Latin America Electric Scooter Market News

• In February 2025, Grin Mobility expanded its electric scooter fleet across Chile and Argentina, introducing models with swappable batteries.
• Mercado Libre partnered with local electric mobility firms in Brazil in 2024 to electrify its delivery network using electric scooters.
• The Government of Colombia announced in 2025 a national e-mobility roadmap including incentives for electric two-wheelers under its Green Growth policy.

For an in-depth analysis, you can refer sample copy of the report:

https://www.imarcgroup.com/latin-america-electric-scooter-market/requestsample

Latin America Electric Scooter Market Segmentation:

Drive Type Insights:

• Hub Motor
• Belt Drive
• Chain Drive

End Use Insights:

• Personal
• Commercial

Battery Type Insights:

• Sealed Lead Acid (SLA)
• Lithium-Ion (Li-Ion)
• Others

Regional Insights:

• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others

Explore the Full Report with Charts, Table of Contents, and List of Figures:

https://www.imarcgroup.com/request?type=report&id=29865&flag=C

Key highlights of the report:

• Market Performance (2018–2023)
• Market Outlook (2025–2033)
• Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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