Ranked: Latin American Countries By Green Energy Use
The global push for increasing green energy use is well underway, as countries around the world are feeling pressure to revamp their climate-impacting practices.
But with different populations, energy use requirements, and access to natural resources, certain regions will have a more significant role to play. With a population of 664 million and an abundance of natural resources, Latin America (LatAm) is one such region.
How green is LatAm’s energy today? This graphic from Latinometrics charts countries’ electricity production from renewables relative to fossil fuels and highlights the significant disparities between certain nations.
Green Energy Use in Latin America
As of 2020, many LatAm countries actually produced 50% or more of their electricity from renewable sources including nuclear energy. Let’s take a deeper look at some of the outliers:
Hydropower is Paraguay’s primary renewable energy source, and plentiful. In fact, the country produces surplus electricity and exports the remainder to Argentina and Brazil. Altogether, 60% of Paraguay’s hydroelectric power is exported, contributing to 6% of its GDP.
The primary resource for this hydropower—the Itaipú Dam—sits between Paraguay and Brazil and is jointly owned by both. The dam is responsible for 79% of Paraguay’s total power capacity.
Costa Rica has been running on at least 98% renewable energy since 2014. Both within the Americas and on a global scale, the country’s green energy usage ranks extremely high, primarily driven by hydropower:
|Costa Rica's Renewable Energy Sources||% of Renewable Energy (2019)|
But notably, Costa Rica’s volcanoes are also utilized as a source of geothermal power.
Mexico ranks considerably lower on the green energy spectrum. The country produces 303 TWh (Terrawatt hours) of electricity a year, but over two-thirds comes from fossil fuel sources.
Lately, intense political discussions within Mexico have emerged regarding energy policies. The country has attractive solar energy potential, with some of the greatest levels of sunlight globally, but has yet to fully tap into this renewable source. Recent actions from the current administration is reversing prior decisions towards renewables and is prioritizing domestic coal production, whilst enabling anti-competitive practices for state-owned entities.
Based on current assessments by energy analysts, Mexico may see increases in carbon emissions in the decades to come.
Brazil is Latin America’s largest economy and the 12th largest in the world, with a GDP of about $1.5 trillion. Its oil industry remains a crucial component of the economy and ranks 9th in the world by output—producing roughly 3.2 million barrels a day.
While this may suggest Brazil relies heavily on fossil fuels, the country’s electricity production from green energy actually ranks extremely high. Of Brazil’s 606 TWh of electricity produced per year, 86% comes from nuclear or renewable sources.
Given its size and strength, Brazil is positioned to act as a leader within the continent on the path to net-zero. In 2021, Brazil dedicated $12 billion in investments towards energy transitions, putting it in the top 10 countries by spending.
Relative to its more green-energy friendly neighbors, Argentina is falling behind on its renewable energy efforts. It produces 135 TWh of electricity per year, but only around 30% comes from nuclear or renewable energy.
Extended periods of economic instability are a driving cause, which are constantly shifting the country’s priorities elsewhere. Some years ago, it launched the Argentina Renewable Energy Auction program to try and improve renewable electricity production by 2025, but many projects were scrapped due to financing issues.
However, southern Argentina is a particularly windy region within Latin America, making it a desirable spot for future wind power generation and investment.
How LatAm Compares on a Global Scale
More than a quarter of LatAm’s energy comes from renewable energy, double the global average.
While countries around the world are striving for renewable energy to make up half or more of electricity generation by 2050, nearly two-thirds of LatAm countries have already done so. Additionally, Paraguay is one of only seven countries in the world to derive 100% of its electricity production from green energy.
How will other countries by influenced by Latin America’s green energy leaders in the years to come, and how will the region’s green energy usage evolve?
This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.
Ranked: Electric Vehicle Sales by Model in 2023
Today, electric vehicle sales make up 18% of global vehicle sales. Here are the leading models by sales as of August 2023.
Ranked: Electric Vehicle Sales by Model in 2023
Electric vehicle (EV) sales are gaining momentum, reaching 18% of global vehicle sales in 2023.
As new competitors bring more affordable options and new performance features, the market continues to mature as customers increasingly look to electric options.
This graphic ranks the top-selling EVs worldwide as of August 2023, based on data from CleanTechnica.
The Best Selling EVs in 2023 (Through August)
Below, we show the world’s best selling fully electric vehicles from January to August 2023:
|Tesla Model Y||🇺🇸 U.S.||772,364|
|Tesla Model 3||🇺🇸 U.S.||364,403|
|BYD Atto 3 / Yuan Plus||🇨🇳 China||265,688|
|BYD Dolphin||🇨🇳 China||222,825|
|GAC Aion S||🇨🇳 China||160,693|
|Wuling HongGuang Mini EV||🇨🇳 China||153,399|
|GAC Aion Y||🇨🇳 China||136,619|
|VW ID.4||🇩🇪 Germany||120,154|
|BYD Seagull||🇨🇳 China||95,202|
As we can see, Tesla‘s Model Y still holds a comfortable lead over the competition with 772,364 units sold. That’s more than double the sales of the #2 top selling vehicle, Tesla’s Model 3 (364,403)
But it’s hard to ignore the rising prevalence of Chinese EVs. The next five best selling EV vehicles are Chinese, including three from BYD. The automaker’s Atto 3 (or Yuan Plus, depending on market), is being sold in various countries including Germany, the UK, Japan, and India.
Meanwhile, Chinese automaker GAC Group also had two models of its Aion EV brand make the rankings, with the Aion S selling 160,693 units so far.
Regional market strength is also clear. For Volkswagen’s ID.4 model (120,154 units sold), Europe and China account for the majority of sales.
Given growing cost efficiencies and changing consumer behavior, global EV sales are projected to make up half of new car sales globally by 2035, according to forecasts from Goldman Sachs.
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