Despite the government’s efforts to protect local businesses, geopolitical tensions could derail Mexico’s ambitions to become a major EV manufacturing hub.
- Mexico’s EV manufacturing sector has grown 30-fold in the last four years.
- About 80% of Mexico’s vehicle exports go to the U.S., with EVs making up a growing share.
- The border state of Nuevo León is home to more than 70 companies that supply materials and auto parts to Tesla.
As the presidents of Mexico and the U.S. engaged in a diplomatic spat over tariffs earlier this month, one Mexican politician sprang into action. Samuel García, the governor of Nuevo León, a border state and key producer of parts for electric vehicles, announced plans to mitigate the “possible economic crisis.”
