Mexico may be one of the world's top vehicle exporters, but it is currently falling behind when it comes to electric vehicle (EV) manufacturing.
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The country has long been a crucial manufacturing hub for the United States-Mexico-Canada Agreement (USMCA ) region and for US automakers in particular. In 2019, the country exported US$53.1bn worth of cars, the lion’s share of which went to the US. Car manufacturing is not just important to Mexico; it is foundational to the country’s export economy.
