President Claudia Sheinbaum presenting the Olinia electric car at an exhibition.
President Claudia Sheinbaum presenting the Olinia electric car at an exhibition.
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Claudia Sheinbaum unveils Olinia, Mexico's first government-backed electric car priced from 150,000 pesos

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President Claudia Sheinbaum presented the Olinia 1, a compact urban electric vehicle developed in Mexico, during an exhibition in Zumpango, State of Mexico.

President Claudia Sheinbaum drove the vehicle during the exhibition in Zumpango. The Olinia 1 is a compact urban vehicle with capacity for six passengers plus space for wheelchairs, a top speed of 50 km/h and a range of more than 125 km. It uses a 14.7 kWh LFP battery that recharges in eight hours on a 110-volt outlet or four hours on 220 volts and supports the Tesla NACS charging standard. Consumption is reported at 49 cents per kilometer. The initial price is 150,000 pesos, with deliveries scheduled for the second half of 2027. The project includes three models and targets initial production of 20,000 units per year, scaling to 50,000 by 2029. More than ten national and international business groups have expressed interest in public-private partnerships, with an export focus on Latin American markets including Peru, Colombia, Chile, Argentina, Nicaragua and Guatemala.

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Initial reactions on X highlight pride in Mexico's first homegrown EV with quotes from Sheinbaum on innovation, mixed with skepticism over its 50 km/h speed, lack of airbags, low range, and questions about public funding and possible foreign ties; critics call it a toy or distraction while supporters see it as progress.

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President Sheinbaum announcing major automotive investment in press conference
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Sheinbaum announces over 500 million USD automotive investment after Toyota adjustment

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President Claudia Sheinbaum announced a new investment of over 500 million dollars in the automotive sector to be revealed in the coming days. This follows Toyota's announcement to move part of Tacoma production from Tijuana.

The SOUEAST S08 i-DM, a three-row plug-in hybrid SUV, is now available in Mexico with a launch price of 779,900 pesos.

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At the Auto China 2026 in Beijing, Chinese firms like BYD and Geely unveiled advanced electric vehicles with up to 950 km range and fast charging. Some models could reach Mexico, though they target the Chinese market primarily. The US has blocked Chinese car sales.

Electric and hybrid vehicle sales in Chile grew 109 percent in the first four months of the year, driven by rising fuel prices linked to the conflict in Iran.

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Tesla has signaled its plans to enter the Uruguayan market officially by posting an animated video on its Latin America X account. The clip highlighted the country's map with the message "Estamos llegando," or "we are arriving." This marks Tesla's third official presence in South America.

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