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According to estimates by the Brazilian Electric Vehicle Association (ABVE), the electrified light vehicle market had its best month in history, with 17,413 registrations, but the participation of new microhybrids (MHEV), with low electrification, has raised an alarm for the market.
The Brazilian market for electrified light vehicles recorded its best month in the historical series of the Brazilian Electric Vehicle Association (ABVE) in November, with 17,413 registrations, but the association warns of the limits of electrification of some of these vehicles. From January to November, the figures totaled 155,724 license plates issued, confirming ABVEs forecast that sales of electrified vehicles in 2024 will exceed 160,000 units. The association estimates that sales could be around 170,000, which would represent an increase of 80% compared to 2023 (93,927).
The electrified market remains largely led by plug-in vehicles (100% electric BEVs and PHEV hybrids), with 72% of sales, but November saw a sudden growth in micro-hybrids (MHEVs), which have a low degree of electrification. MHEVs accounted for 11.2% of sales in the month, overtaking traditional flex hybrid HEVs (9.1%), which led this market until 2022.
For ABVE president Ricardo Bastos, the figures show that sales of electrified vehicles continue to grow rapidly, in line with consumer interest. But he warned that some vehicles that have entered the market in recent weeks cannot necessarily be considered electrified.
“We need to assess whether some of the so-called micro-hybrids (MHEVs), which have a very low degree of electrification and no electric traction, really contribute to the decarbonisation of Brazil’s transport matrix,” Bastos said. “Not all of these vehicles show a significant reduction in polluting emissions compared to conventional fossil fuel or flexifuel models. Do these models offer consumers a real experience of driving an electric or electrified vehicle?” he added.
The 17,413 electrified light vehicles registered in November represented an increase of 7% compared to the previous month. Compared to November 2023 (10,601 vehicles), the increase was 62%. This was the highest figure in the ABVE historical series, which began in 2012.
Electric vehicle sales by technology
Plug-in electric vehicles (BEVs and PHEVs), those that can be plugged in, hold the largest share of the electrified light vehicle market. In November, sales of these technologies accounted for 72% (12,339), while conventional hybrids (HEVs and HEV flex), plus new micro-hybrids (MHEVs), accounted for the remaining 28% (4,804).
Electrification in Brazil has its own particularities in terms of electrified vehicle technologies. For example, flex-fuel hybrids, which run on gasoline and ethanol and have a 48V electric motor, are only found in the Brazilian market.
Another example is the flexifuel microhybrids, which went on sale in October. These are vehicles powered by gasoline and ethanol, with a 12V engine, which already had combustion versions and are now adapted to the MHEV version.
Plug-in hybrids (PHEV) accounted for 6,922 units sold in November, accounting for a 40.4% share of the electrified market.
Purely electric BEVs totalled 5,417 vehicles sold in November, accounting for a 31.6% share of the total electrified market. Compared to October (6,109), this segment was down 11%.
Conventional HEVs (non-plug-in electrified vehicles, petrol or diesel) accounted for 7.8% of sales (1,330). Flexible HEVs, meanwhile, accounted for 9.1% (1,556), being surpassed in November by new micro-hybrids (MHEVs), with 11.2% (1,918).
Diversification of the business of photovoltaic integrators
The sale of complementary services and equipment to distributed solar generation, such as electric vehicle chargers, is seen as an opportunity for PV integrators to generate new business. The offer of up to 30% savings on the free market and the forecast of 1.4 million electric vehicles by 2030 are some of the opportunities listed by Greener for integrators to become energy solutions providers and increase their sales by 2025. |
