Carmaker MG Motor is launching a plug-in hybrid SUV in Mexico, the company announced on Thursday, as the market for hybrid and electric vehicles in the Latin American country heats up despite a lack of infrastructure and high costs for locals.
MG Motor's hybrid eHS model is set to hit Mexico's streets on Friday, alongside two combustion-engine models, the company said., opened shop in Mexico in 2020, and says it is looking to claim 5.5% of the country's market share this year.
However, hybrid models could be a step forward until there is more EV investment, analysts have said. Around 80% of Mexicans earn less than 25,000 pesos a month, according to the country's statistics agency.
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