Since 2022, over 1,000 electric vehicles have been sold in Ecuador, representing a 400 per cent increase. According to data from the Association of Automotive Companies of Ecuador (AEADE), electric vehicle sales in the country have surged over 200% in two years, rising from 86. An electric motor powers an electric car (EV), which is essentially an automatic vehicle. Ecuador's automotive market just had its best January ever, and the numbers tell an interesting story about where the economy -- and consumer confidence -- is heading. The market is moving towards Highly concentrated. The range lies from 0 to.