Market Overview

The Brazil Electric Vehicle Aftermarket reached a market size of USD 1.77 Million in 2024. It is projected to grow at a CAGR of 20.46% during the forecast period from 2025 to 2033, attaining a market value of USD 9.45 Million by 2033. This growth is driven by strong government support through incentives and policies, expansion of charging infrastructure via public-private partnerships, and the localization of manufacturing, which together foster robust aftermarket supply chains and services.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Brazil Electric Vehicle Aftermarket Market Key Takeaways

• Current Market Size: USD 1.77 Million (2024)
• CAGR: 20.46%
• Forecast Period: 2025-2033
• The market growth is largely supported by government initiatives such as the MOVER program and the Green Mobility and Innovation Program which provide significant financial incentives.
• Expansion of EV charging infrastructure through partnerships like Raízen Power and BYD is creating maintenance service opportunities.
• Localization of manufacturing by companies like BYD and Great Wall Motor is enhancing supply chains and aftermarket services.
• Market segmentation includes replacement parts, propulsion types, vehicle types, certification, distribution channels, and regions.
• Key distribution channels involve authorized OEM service centers, premium multi-brand service centers, and digital aggregators.

Sample Request Link: https://www.imarcgroup.com/brazil-electric-vehicle-aftermarket/requestsample

Brazil Electric Vehicle Aftermarket Market Growth Factors

The Brazilian EV aftermarket is heavily supported by the government, and for the period 2024 to 2028, the Green Mobility and Innovation Program (Law № 14.902) approved in June 2024 offers R$19.3 billion in incentives to the car manufacturing sector to stimulate a transition to low-emission automobiles. It includes tax benefits for investment in R&D and tax credits from BRL 0.50 to BRL 3.20 for every real invested in decarbonization. Additionally, it features the Green IPI tax adjustment, that reduces tax on green vehicles and establishes vehicle efficiency standards. These initiatives are driving the demand for certain aftermarket services, such as battery service and electric motor repair.

Furthermore, Brazil's strategy for EV charging station expansion through public private partnerships can be another important indicator. In February 2024, the joint venture between Raízen Power and BYD announced plans to install 600 charging stations in 8 major Brazilian cities. An increase in installations also allows for maintenance and servicing during charging hours, potentially encouraging regular servicing. It is projected that 10,000 charging stations will be installed by 2025 with specialized service centers on charging systems, power management, and knowledge sharing for third-party aftermarket service providers.

Localized EV manufacturing and aftermarket is transforming supply chains. BYD's new Bahia plant (opened July 2025) has 3 billion reais investment to produce electric buses and passenger vehicles, and lithium iron phosphate batteries, with initial capacity for 150 thousand vehicles/year and the potential to be expanded to 300 thousand vehicles/year. In August 2025, Great Wall Motor opened a new energy vehicle factory in Iracemápolis, with manufacturing capacity for 50000 vehicles per year. This allows fast access to original equipment manufacturer (OEM) parts, improved training of technicians, and the establishment of a network of third-party manufacturers which make high-quality replacement parts, increasing vehicle choice and improving after-sales maintenance and repairs.

Brazil Electric Vehicle Aftermarket Market Segmentation

Replacement Part Insights:

• Tires
• Batteries
• Brake Parts
• Filters
• Body Parts
• Lighting and Electronic Components
• Wheels
• Turbochargers
• Others

Propulsion Type Insights:

• Battery Electric Vehicles
• Hybrid Electric Vehicles
• Fuel Cell Electric Vehicles
• Plug-in Hybrid Electric Vehicles

Vehicle Type Insights:

• Passenger Cars
• Commercial Vehicles

Certification Insights:

• Genuine Parts
• Certified Parts
• Uncertified Parts

Distribution Channel Insights:

• Authorized Service Centers (OEMs)
• Premium Multi-brand Service Centers
• Digital Aggregators
• Others

Regional Insights:

• Southeast
• South
• Northeast
• North
• Central-West

Recent Developments & News

• July 2025: BYD commenced production at its Camaçari manufacturing facility in Bahia, producing the first Brazilian-built electric vehicle, the BYD Dolphin Mini. The plant operates with an initial annual capacity of 150,000 vehicles, planning to scale to 300,000. It also produces the Song Pro hybrid and is developing a flex-fuel hybrid engine jointly with Chinese and Brazilian scientists.
• August 2025: Great Wall Motor inaugurated Brazil’s first new energy vehicle factory in Iracemápolis, São Paulo. The factory began operations with an annual capacity of 50,000 vehicles producing Haval H6 and H9 SUVs and Poer P30 pickups. The facility aimed to create over 800 jobs by December 2025, targeting 100,000 units annually in the future.

Key Players

• BYD
• Great Wall Motor

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Request Customization:- https://www.imarcgroup.com/request?type=report&id=43212&flag=E

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No: (D) +91 120 433 0800

United States: +1-201971-6302