Africa Electric Vehicle Market Overview
Africa electric vehicle market report comprehensively covers the market by vehicle types and countries including Kenya, Egypt, Morocco, Tanzania, Ethiopia, Nigeria, South Africa, and the rest of Africa. The Africa electric vehicle market outlook provides an unbiased and detailed analysis of the Africa Electric vehicle market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
According to 6Wresearch, the Africa Electric Vehicle Market size is anticipated to register growth during 2020-2026. Although the electric vehicle market is at a very premature stage in Africa, government initiatives and offers would shift the demand for a cost-effective and eco-friendly electric transport system. The region is also witnessing a rising trend for used electric vehicles. However, the overall market growth is anticipated to slow down in 2020 on account of the COVID-19 outbreak leading to economic lockdowns across several African countries.
Increasing disposable income coupled with rising penetration towards reducing carbon emission is driving the Africa Electric Vehicle Market Growth. Additionally, rising pollution and increasing environmental concerns are proliferating the Africa Electric Vehicle Market Share. Increasing government initiatives such as providing incentives in order to promote electric vehicles are propelling the growth of the industry.
electric vehicle market in Africa is anticipated to register sound revenues during the forecast period 2020-26F on the back of the substantial growth of the automotive industry. Additionally, rising environmental concerns are leading to an increased need to switch over to vehicles that tend to be embedded with zero carbon emission engines along with low maintenance costs and electric vehicles are turning out to be a lucrative deal product here. Moreover, an increase in technological up-gradation in the development of lithium-ion batteries is leading to the increasing adoption of electric vehicles and would accelerate Africa electric vehicle market growth in the upcoming six years.
Key Highlights of the Report:
- Africa Electric Vehicle Market Overview
- Africa Electric Vehicle Market Outlook
- Africa Electric Vehicle Market Forecast
- Africa Electric Vehicle Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
- Historical Data and Forecast of Kenya, Egypt, Morocco, Tanzania, Ethiopia, Nigeria, and South Africa Electric Vehicle Market Revenues for the period 2016-2026
- Historical Data and Forecast of Kenya, Egypt, Morocco, Tanzania, Ethiopia, Nigeria, and South Africa Electric Vehicle Market Revenues, By Vehicle Types, for the period 2016-2026
- Key Strategic Recommendations
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