General Motors of Mexico continues to implement actions aimed at achieving a future with zero emissions which is why it has expanded its distribution network of Chevrolet EV (electric vehicles) in the country reaching a total of 19 sales and service points.
The Chevrolet EV dealer network is already operating in Mexico City and the Metropolitan Area, Monterrey, Guadalajara, Puebla, Queretaro, Toluca, Leon, Cancun, Tijuana, Morelia, Culiacan, and Cuernavaca. Chevrolet electric vehicle owners will be able to charge their vehicles at home with a Level 2 charger and professional installation is included in their purchase. Additionally, through the MyChevrolet application, they will be able to locate public charging points among other personalized assistance features.
With the expansion of the Chevrolet Electric network, GM takes a solid step towards bringing electrification to more locations in the country with the expectation of achieving national coverage in the medium term. Currently, Chevrolet markets the Bolt EUV in Mexico and it has announced that it will add the all-new Chevrolet Blazer EV and Equinox EV to its portfolio of electric vehicles during 2024 which will also be produced during the second half of this year at the GM Manufacturing Complex in Ramos Arizpe, Coahuila. Source: Mexico Industry
Traffic Increases at Hidalgo Port, Texas, with Over 1,507,487 Units in March 2023
By Viviana Cervantes
According to the latest data from the Bureau of Transportation Statistics (BTS) of the United States Department of Transportation, over 1,507,487 units entered through the Hidalgo port of entry in Texas from the border with Mexico in March 2023.
The category with the highest flow was passenger vehicles, with a reported 782,604 units followed by pedestrians with approximately 176,426 individuals. These figures for the month of March exceeded those of February of the same year which reported 1,336,562 international crossings. The border port encompasses the city of Reynosa, Tamaulipas, so it also accounted for 47,235 container trucks with cargo, 21,692 bus passengers, and 19,783 empty containers during the third month of 2023. In comparison, February saw 41,237 trucks with cargo, 13,997 bus passengers, and 16,931 empty trucks. The BTS highlighted that the total difference between February and March 2023 was 170,925 units, indicating an upward trend.
Latin America and the Caribbean Economies to Grow by 1.2% in 2023
The regional commission of the United Nations estimates that all subregions will experience lower growth in 2023 compared to 2022. South America is projected to grow by 0.6% in 2023 (compared to 3.8% in 2022), the group consisting of Central America and Mexico is expected to grow by 2.0% (compared to 3.5% in 2022), and the Caribbean (excluding Guyana) will grow by 3.5% (compared to 5.8% in 2022).
South America will be affected by the decline in commodity prices and the limited room for domestic policy to support economic activity. High inflation has impacted real incomes and is affecting private consumption and investment in the countries. In the Caribbean economies, the expected slowdown in 2023 is mainly due to inflation affecting real incomes and consequently consumption, as well as production costs, negatively impacting the competitiveness of exports of goods and tourism.
Lastly, for the economies of Central America and Mexico, although this year’s growth represents a slowdown compared to 2022 there have been upward revisions in some cases compared to what the Economic Commission for Latin America and the Caribbean (ECLAC) predicted at the end of last year. This is due to the upward revision of growth in the United States, their main trading partner and a significant source of remittances for these countries, which would affect both the external sector and private consumption. Additionally, the lower energy prices projected for this year compared to 2022 would act in their favor as several of these economies are net energy importers.
