tech
May 1, 2026
Electric Vehicle Sector in Colombia Expects to Close 2026 with Over 40,000 New Units: BYD
Juan Pablo Molano, commercial manager of BYD in Colombia. Photo: Courtesy BYD
TL;DR
- Electric vehicle registrations in Colombia grew by 267% in March 2026 compared to the previous year, reaching 5,083 units.
- BYD aims to help reduce the Earth's temperature by one degree Celsius through electric mobility.
- Sales of electric vehicles in Colombia reached 19,500 units last year, representing about 8% of the market share.
- Projections suggest sales could reach around 40,000 electric vehicles this year, nearly double last year's figure.
- Mobility restrictions like 'pico y placa' in Bogotá incentivize the adoption of electric vehicles, as combustion engine cars face significant usage limitations.
- Rising gasoline prices are also making electric vehicles a more economically attractive option for consumers.
- Colombia has made strides in electrifying its fleet, but further advancements in infrastructure, such as mandatory charging facilities in new buildings, are needed.
- Bogotá's electric bus fleet exceeds 1,800 units, contributing to market confidence in electric technology.
- BYD captured 54% of the electric vehicle market in Colombia last year, selling close to 11,000 units.