Chinese Automakers Reshape Ecuador’S Electric Vehicle Market As BYD Takes The Lead

(MENAFN- The Rio Times) Ecuador's electric vehicle market has shifted rapidly, with Chinese automaker BYD at the center of a major transformation.

According to data from the Association of Automotive Companies of Ecuador (AEADE), electric vehicle sales in the country have surged over 200% in two years, rising from 86 units in early 2023 to 470 units by early 2025.

This growth stands out even more as the overall auto market contracted by 10.2% year-on-year during the same period. BYD's strategy has focused on offering affordable electric SUVs and compact cars, such as the Yuan Pro and Dolphin.

These models have gained traction among Ecuadorian buyers. In 2025, BYD led the market with 209 sales in the first five months, while competitors like Leapmotor and Dongfeng trailed with 55 and 18 units, respectively.

The company's recent launch of the Song Plus DM-i hybrid at Ecuador's largest auto show further expanded its lineup, signaling a push to capture both the electric and hybrid segments.



Chinese brands now dominate Ecuador's electric vehicle sector, a shift accelerated by the Free Trade Agreement with China that took effect in May 2024.
Ecuador's Electric Vehicle Market Surges Amid FTA Benefits
The FTA removed tariffs on electric vehicles, batteries, and chargers, enabling brands like Chery to announce plans to export over 6,000 vehicles to Ecuador, saving about $21,000 per car in export costs.

These savings could translate into lower prices for Ecuadorian consumers and further boost sales. Despite this progress, charging infrastructure remains a bottleneck. Most public chargers are concentrated in Quito and Guayaquil, limiting wider adoption.

Owners often rely on home charging, and the expansion of public infrastructure has not kept pace with vehicle sales. The government and private sector face pressure to accelerate investment in charging networks to sustain growth.

SUVs remain the most popular electric vehicles in Ecuador, with 378 units sold in early 2024, followed by compact cars. Traditional brands like Renault and Hyundai, once market leaders, have lost ground to Chinese automakers.

The new legal framework also excludes extended-range vehicles from tax benefits, narrowing the definition of“electric vehicle” and shaping market competition.

Ecuador's electric vehicle boom reflects a mix of trade policy, shifting consumer preferences, and aggressive moves by Chinese manufacturers. The market's future will depend on how quickly infrastructure and regulation adapt to the pace of change.

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