Fecha Publicación: 31-08-2022

North America is one of the top auto-producing hubs worldwide, manufacturing around 2 of every 10 cars globally since 1995.Collectively, the three North American economies of Canada, Mexico, and the United States have benefited from enormous growth in auto exports, tripling over the past 25 years to $141.5 billion USD in 2020.Global demand, however, is beginning to shift from the internal combustion engine (ICE) vehicles, which run on fossil fuels, that North America typically produces to electric vehicles (EVs). The existing integrated automotive industry of the region and the trilateral free trade agreement known as the United States–Mexico–Canada Agreement (USMCA) provide a unique opportunity for North America to adapt and innovate in the race toward net-zero transport.

Just last year, worldwide EV sales doubled from 3 million to 6.6 million, making up 9 percent of the overall global car sales market.Looking ahead, BloombergNEF estimates that EV sales will reach 40 percent of the global auto market in 2030 and account for even higher shares in Europe (60 percent), China (59 percent), and the US (44 percent).

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