Hybrid, Electric Cars Now Make Up 15% of New Sales in Argentina

Argentina's automotive market is witnessing a significant surge in hybrid and electric vehicle (EV) sales, which now account for 15.2% of all new car registrations. In the first half of 2026, 42,238 such vehicles were sold, a fourfold increase compared to the same period last year, according to the Association of Automotive Dealerships (ACARA).

This rapid growth is largely fueled by imported Chinese vehicles entering the market tariff-free, utilizing annual quotas established by the government. The Ford Territory, an SUV previously available in gasoline versions, has become the best-selling electrified model with 4,903 units sold in the semester, benefiting from this import scheme.

While Chinese brands dominate, the Toyota Corolla Cross HEV, manufactured in Brazil, remains a strong contender, securing the second-highest sales with 4,098 units. This model was highly sought after during previous import restrictions, with waiting lists exceeding 12 months.

The rise of electrified vehicles contrasts sharply with the overall market trend. New car sales in Argentina dropped by 11.1% in the first six months of 2026, with 294,181 units registered. However, the electrified segment experienced a remarkable 339% expansion.

Non-plug-in hybrids (HEVs) represent the largest share at 55% of electrified sales. Plug-in hybrids (PHEVs) follow with 21% (8,979 units), mild hybrids (MHEVs) with 15% (6,160 units), and fully electric vehicles (BEVs) with 9% (3,877 units).