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Surpassing all expectations, Colombia’s EV market is once again growing at explosive rates, with sales in April 2026 more than 300% above those in April 2025. BEV market share alone almost reached 20%, compared with 7.4% 12 months ago! The market has grown faster than even the most optimistic of us ever predicted, and I’m now wondering if my original forecast of 50% EV market share by late 2028 is going to fall short.
A large part of the change, as we mentioned in a previous article, is the dramatic lowering in prices triggered by several brands, but mainly by Tesla, in late 2025. Most EVs can now be considered slightly cheaper than comparable ICEVs in the Colombian market (and much cheaper than hybrids), and even though this has come at the cost of relatively limited range, at least in the affordable segments, it’s clearly been enough to massively promote electric mobility.
Let’s look at the numbers!
Market overview
