As of now, there are limited incentives or policies in place to promote the adoption of electric vehicles in Nicaragua. Tax breaks, subsidies, and preferential treatment for EVs could significantly boost their appeal. We also examine the technological advancements that are shaping the future of electric mobility, from battery. Nicaragua's electric utility vehicle import market in 2024 continued to be dominated by key exporting countries like the United States, China, Mexico, and South Korea. The high Herfindahl-Hirschman Index (HHI) indicates a very concentrated market.