Electric vehicles (EVs) are set to dominate smaller auto markets, particularly in Colombia, where affordability and competitive pricing are driving adoption. With models like the GAC Aion ES priced at $21,800, EVs are becoming cheaper than traditional fossil-fueled vehicles, leading to projections of 10% market share by year-end. As Chinese automakers expand their reach, these markets may leapfrog larger ones, focusing on value and operational costs, while premium EVs continue to gain traction.
