By August 2024, the zero-emission vehicle market in Panama has shown steady growth, reaching a total of 1,609 units sold.
Of this total, 50 were plug-in hybrids, 1,188 were conventional hybrids, and 371 were fully electric vehicles.
This growth reflects not only Panamanians’ interest in cleaner mobility alternatives but also an increase in the range of models offered by various brands seeking to gain a foothold in this niche market.
Among these sales, a few electric vehicles stand out for their market share, establishing themselves as consumer favourites so far this year.
Here are the three best-selling electric vehicles in Panama to date.
Top 3 best-selling electric vehicles in 2024
Lexus NX Hybrid
The best-selling model in Panama until August 2024 is the Lexus NX Hybrid, with 124 units sold.
This luxury SUV stands out for its state-of-the-art hybrid propulsion system, the Lexus Hybrid Drive, which combines a 2.5-litre, 4-cylinder engine with a high-powered electric motor.
This configuration provides excellent driving response, balancing dynamic performance with great fuel efficiency.
One of its key features is the improved lithium-ion battery, designed to offer superior performance. This battery, along with the hybrid system, allows for smooth and efficient driving, focusing on fuel consumption reduction and lower emissions, highlighting its eco-conscious design.
Additionally, the Lexus NX is equipped with Direct Shift-CVT technology, which combines gear transmission with a continuously variable transmission. This not only provides a smooth and powerful driving experience, especially during acceleration and at high speeds, but also simulates up to 10 speeds, enhancing performance and optimising fuel consumption.
This combination of features has made the Lexus NX a favourite among Panamanian drivers seeking luxury, performance, and sustainability in one vehicle.
Subaru Crosstrek
The second best-selling electric vehicle in Panama in 2024 is the Subaru Crosstrek 2.0i-S Limited Hybrid, with 99 units sold.
This model shines thanks to its combination of an internal combustion engine and electric technology, powered by the Subaru E-Boxer DOHC system.
With a capacity of 1,995 cc and a compression ratio of 12.5:1, it offers efficient and powerful performance, while its direct fuel injection system optimises consumption.
Fitted with 18-inch aluminium alloy wheels and black roof rails, the Subaru Crosstrek also has a robust, versatile appearance, ideal for drivers seeking a vehicle ready for adventure.
Inside, tricot fabric seats offer comfort, and its 11.6-inch central dashboard provides intuitive access to the vehicle’s functions. It also has USB Type-A and Type-C ports in the front, offering enhanced connectivity for passengers.
The Crosstrek features the X-MODE system, which improves control and performance under various driving conditions, optimising traction and stability on challenging terrains.
With a 48-litre fuel tank, this model is ideal for those seeking a balance between efficiency, technology, and off-road capability in a hybrid SUV.
BYD Yuan Plus
The third best-selling model in Panama is the BYD Yuan Plus, with 85 units sold by August 2024.
This fully electric SUV stands out for its range of 480 km under the NEDC cycle, making it an ideal choice for those looking for a vehicle with extended driving capacity.
Based on the E-Platform 3.0, the Yuan Plus offers a high-performance electric powertrain known as “8 in 1,” integrating key components to maximise efficiency and safety in a single system.
The interior design of the Yuan Plus is inspired by a gym, offering a sporty and modern space for both drivers and passengers.
In terms of charging, it is highly efficient: it can charge from 30 to 80 per cent in just 30 minutes, making it convenient for daily urban commutes and long-distance trips.
The E-Platform 3.0 not only optimises range but also improves the safety and efficiency of New Energy Vehicles (NEV) in adverse weather conditions, providing a smart and reliable driving experience.
These innovative features have cemented the BYD Yuan Plus as an attractive option for those seeking an advanced and safe electric SUV.
In summary, these three models – the Lexus NX Hybrid, the Subaru Crosstrek 2.0i-S Limited Hybrid, and the BYD Yuan Plus – are leading Panama’s electric vehicle market in 2024, marking a clear trend towards efficient electric mobility, with a range of options suited to different needs and lifestyles.
