Mexico has been electrifying its car market at a fairly quick rate. Partially, that's because its less-stringent crash standards and warm relationship with China have seen its market fill up with reasonably-priced EVs. But as great as it is that Mexican drivers have their pick of the litter of imported Chinese models, that isn’t doing much for Mexico’s sizable production capacity and supply chain. Also, even though a new cheap Chinese EV could cost as little as $17,000 in Mexico, that’s still expensive for a country where the average wage is about $1,000 per month.
Read Article