Electric vehicle range panama

Does Panama have an electric vehicle market?

Panama's electric vehicle market has experienced significant growth. EV penetration reached 2.5% in 2024 and is projected to rise to 3.8% by the end of 2025. Total vehicle sales are projected to hit 49,800 units in 2025, representing 3.7% growth. Of these, EV sales are forecasted to reach 1,400 units, marking a 55.8% year-over-year growth.

How can Panama make a difference on electric mobility?

Panama is aiming to make a difference on electric mobility, by introducing a project to raise and regulate the minimum number of electric vehicles.

When will Electric Transport become a reality in Panama?

Mass transportation and public transport providers are subject to slightly different demands after 2025, with 20% of vehicles needing to be electric by 2027 and 33% by 2030. The electric transport law in Panama is overseen by the country's Transit and Land Transport Authority (ATTT), which conducts annual reviews to track progress.

What is Panama's electric transport law?

Panama's electric transport law is a prime example of the sort of measure that can be taken, with the Central American country continuing to see considerable growth in its electric vehicle market, if for no other reason than the fact that public institutions are now compelled to transition away from petroleum vehicles.