Africa Electric Vehicle Market (2020-2026) | Size, Share, Trends, Growth, Analysis, Forecast, Revenue, Outlook & COVID-19 IMPACT

Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Countries (Kenya, Egypt, Morocco, Tanzania, Ethiopia, Nigeria, South Africa & Rest of Africa) and competitive landscape.

Product Code: ETC002543 Publication Date: Jul 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 200 No. of Figures: 90 No. of Tables: 30

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.

Africa electric vehicle market Synopsis

Africa electric vehicle market is expected to register moderate growth over the coming years owing to the rising environmental awareness, favorable government policies, and growing urbanization. Moreover, high fuel prices and high taxes & duties on oil would urge the people to shift towards electric vehicle commutation and adoption. Also, several countries in Africa have introduced many campaigns to promote electric vehicle adoption in the region by providing incentives and lucrative offers to people. All these bode well for the higher adoption of electric vehicles in the Africa region during the forecast period.

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, the 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 lockdown 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 concern are proliferating the Africa Electric Vehicle Market Share. Increasing government initiatives such as providing incentives in order to promote the electric vehicle ios propelling the growth of the industry. 

Africa electric vehicle market 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.

Market Analysis by Country

On the basis of the country, Kenya electric vehicle market is estimated to generate high sales revenues in the region owing to the electric vehicle market is still young with limited electric vehicles registration but is expected to gain traction in the years ahead owing to rising government efforts in developing vehicles charging stations in a public building to ease the charging access which is likely to act as a growth proliferating factor for the electric vehicle adoption, as a result, is estimated to bolster the growth of the Africa electric vehicle market in the upcoming six years. At present, South Africa is the leading revenue-generating country in the Africa electric vehicle market and is expected to register the highest market growth during the forecast period as well. The country is one of the major regional automotive markets thus, it has huge potential to shift towards electric vehicles in the near future.

Market Analysis by vehicle types

In Africa, the passenger vehicle segment is expected to dominate the overall Africa electric vehicle market during the forecast period on account of the high consumption and adoption of a new generation of vehicles and infrastructure. Moreover, the manufacturers are also working to improve the technology and infrastructure required for the adoption of electric vehicles, which would result in significant growth in other electric vehicle types as well in the near future.

Key Highlights of the Report:

  • Africa Electric Vehicle Market Overview
  • Africa Electric Vehicle Market Outlook
  • Africa Electric Vehicle Market Forecast
  • Historical Data of Africa Electric Vehicle Market Revenues for the Period 2016-2019
  • Africa Electric Vehicle Market Size and Africa Electric Vehicle Market Forecast Until 2026
  • 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
  • Market Drivers and Restraints
  • Africa Electric Vehicle Market Trends
  • Africa Electric Vehicle Industry Life Cycle
  • Porter’s Five Force Analysis
  • Africa Electric Vehicle Market Opportunity Assessment
  • Africa Electric Vehicle Market Revenue Share, By Company
  • Africa Electric Vehicle Market Revenue Share, By Country
  • Africa Electric Vehicle Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

 Markets Covered

The Africa electric vehicle market report provides a detailed analysis of the following market segments:

By Vehicle Types

  • Passenger Vehicle
  • Two-Wheelers
  • Bus
  • Truck

By Regions

  • Kenya
  • Egypt
  • Morocco
  • Tanzania
  • Ethiopia
  • Nigeria
  • South Africa
  • Rest of Africa
Frequently Asked Questions About the Market Study: FAQs

1). Which segment based on vehicle types is expected to dominate the overall Africa Electric Vehicle Market during the forecast period?

In Africa, the passenger vehicle segment is expected to dominate the overall Africa electric vehicle market during the forecast period

2). Which country is estimated to generate high sales revenue in the region?

On the basis of the country, Kenya electric vehicle market is estimated to generate high sales revenues in the region.

3). Does the report include the impact of COVID-19?

Yes, the report includes the impact of COVID-19.

4). Which country is generating leading revenues in overall Africa Electric Vehicle Market?

South Africa is the leading revenue-generating country in the Africa electric vehicle market.

5). What is the study period of this report? 

The study period of this report is 2020-2026.

TABLE OF CONTENTS
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Africa Electric Vehicle System Market Overview
3.1 Africa Electric Vehicle System Market Revenues and Volume, 2016-2026F
3.2 Africa Electric Vehicle Systems Market- Industry Life Cycle, 2019
3.3 Africa Electric Vehicle Systems - Porter’s Five Forces
3.4 Africa Electric Vehicle System Market Revenue Share, By Countries, 2019 & 2026F
4. Africa Electric Vehicle System Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Africa Electric Vehicle System Market Trends
6. Kenya Electric Vehicle System Market Overview
6.1 Kenya Country Indicators
6.2 Kenya Electric Vehicle System Market Revenues and Volume, 2016-2026F
6.3 Kenya Electric Vehicle System Market Revenue Share, By Types, 2019 & 2026F
6.3.1 Kenya Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
6.3.2 Kenya Electric Bus Market Revenues and Volume, 2016-2026F
6.3.3 Kenya Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
6.3.4 Kenya Electric Truck Market Revenues and Volume, 2016-2026F
6.3.5 Kenya Electric Vehicle System Market- Key Performace Indicators
7. Egypt Electric Vehicle System Market Overview
7.1 Egypt Country Indicators
7.2 Egypt Electric Vehicle System Market Revenues and Volume, 2016-2026F
7.3 Egypt Electric Vehicle System Market Revenue Share, By Types, 2019 & 2026F
7.3.1 Egypt Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
7.3.2 Egypt Electric Bus Market Revenues and Volume, 2016-2026F
7.3.3 Egypt Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
7.3.4 Egypt Electric Truck Market Revenues and Volume, 2016-2026F
7.3.5 Egypt Electric Vehicle System Market- Key Performace Indicators
8. Morocco Electric Vehicle System Market Overview
8.1 Morocco Country Indicators
8.2 Morocco Electric Vehicle System Market Revenues and Volume, 2016-2026F
8.3 Morocco Electric Vehicle System Market Revenue Share, By Types, 2019 & 2026F
8.3.1 Morocco Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
8.3.2 Morocco Electric Bus Market Revenues and Volume, 2016-2026F
8.3.3 Morocco Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
8.3.4 Morocco Electric Truck Market Revenues and Volume, 2016-2026F
8.3.5 Morocco Electric Vehicle System Market- Key Performace Indicators
9. Tanzania Electric Vehicle System Market Overview
9.1 Tanzania Country Indicators
9.2 Tanzania Electric Vehicle System Market Revenues and Volume, 2016-2026F
9.3 Tanzania Electric Vehicle System Market Revenue Share, By Types, 2019 & 2026F
9.3.1 Tanzania Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
9.3.2 Tanzania Electric Bus Market Revenues and Volume, 2016-2026F
9.3.3 Tanzania Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
9.3.4 Tanzania Electric Truck Market Revenues and Volume, 2016-2026F
9.3.5 Tanzania Electric Vehicle System Market- Key Performace Indicators
10. Ethiopia Electric Vehicle System Market Overview
10.1 Ethiopia Country Indicators
10.2 Ethiopia Electric Vehicle System Market Revenues and Volume, 2016-2026F
10.3 Ethiopia Electric Vehicle System Market Revenue Share, By Types, 2019 & 2026F
10.3.1 Ethiopia Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
10.3.2 Ethiopia Electric Bus Market Revenues and Volume, 2016-2026F
10.3.3 Ethiopia Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
10.3.4 Ethiopia Electric Truck Market Revenues and Volume, 2016-2026F
10.3.5 Ethiopia Electric Vehicle System Market- Key Performace Indicators
11. Nigeria Electric Vehicle System Market Overview
11.1 Nigeria Country Indicators
11.2 Nigeria Electric Vehicle System Market Revenues and Volume, 2016-2026F
11.3 Nigeria Electric Vehicle System Market Revenue Share, By Types, 2019 & 2026F
11.3.1 Nigeria Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
11.3.2 Nigeria Electric Bus Market Revenues and Volume, 2016-2026F
11.3.3 Nigeria Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
11.3.4 Nigeria Electric Truck Market Revenues and Volume, 2016-2026F
11.3.5 Nigeria Electric Vehicle System Market- Key Performace Indicators
12. South Africa Electric Vehicle System Market Overview
12.1 South Africa Country Indicators
12.2 South Africa Electric Vehicle System Market Revenues and Volume, 2016-2026F
12.3 South Africa Electric Vehicle System Market Revenue Share, By Types, 2019 & 2026F
12.3.1 South Africa Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
12.3.2 South Africa Electric Bus Market Revenues and Volume, 2016-2026F
12.3.3 South Africa Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
12.3.4 South Africa Electric Truck Market Revenues and Volume, 2016-2026F
12.3.5 South Africa Electric Vehicle System Market- Key Performace Indicators
13. Rest of Africa Electric Vehicle System Market Overview
13.1 Rest of Africa Electric Vehicle System Market Revenues, 2016-2026F
14. Africa Electric Vehicle System Market Opportunity Assessment
14.1 Kenya Electric Vehicle System Market Opportunity Assessment, By Types
14.2 Egypt Electric Vehicle System Market Opportunity Assessment, By Types
14.3 Morocco Electric Vehicle System Market Opportunity Assessment, By Types
14.4 Tanzania Electric Vehicle System Market Opportunity Assessment, By Types
14.5 Ethiopia Electric Vehicle System Market Opportunity Assessment, By Types
14.6 Nigeria Electric Vehicle System Market Opportunity Assessment, By Types
14.7 South Africa Electric Vehicle System Market Opportunity Assessment, By Types
15. Africa Electric Vehicle System Market Competitive Landscape
15.1 Africa Electric Vehicle System Market Revenue Share, By Company
15.1.1 Kenya Electric Vehicle System Market Revenue Share, By Company, 2019
15.1.2 Egypt Electric Vehicle System Market Revenue Share, By Company, 2019
15.1.3 Morocco Electric Vehicle System Market Revenue Share, By Company, 2019
15.1.4 Tanzania Electric Vehicle System Market Revenue Share, By Company, 2019
15.1.5 Ethiopia Electric Vehicle System Market Revenue Share, By Company, 2019
15.1.6 Nigeria Electric Vehicle System Market Revenue Share, By Company, 2019
15.1.7 South Africa Electric Vehicle System Market Revenue Share, By Company, 2019
15.2 Africa Electric Vehicle System Market Competitive Benchmarking, By Operating and Technical Parameters
16. Company Profiles
17. Key Strategic Recommendations
18. Disclaimer

Nigeria Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions (Eastern Region, Mid-Western Region, Western Region, Northern Region) and competitive landscape

Kenya Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions (Central Region, Coastal Region, Rift Valley, Eastern Region, Western Region, Northern Region) and competitive landscape

Morocco Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types(Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions(Northern Region, Central Region, Southern Region) and competitive landscape.

Netherlands Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types(Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions(Northern Region, Eastern Region, Western Region, Southern Region), And Competitive Landscape.

Saudi Arabia Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types(Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions(Northern Region, Central Region, Western Region, And Eastern Region) And Competitive Landscape.

Turkey Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types(Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions(Aegean, Black Sea, Central Anatolia, Eastern Anatolia, South-eastern Anatolia, Marmara, Mediterranean) and competitive landscape

Middle East Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Countries (Saudi Arabia, Qatar, UAE, Kuwait, Oman, Turkey, Bahrain, Rest of Middle East) and competitive landscape

Asia Pacific (APAC) Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Countries (China, India, Japan, Australia, Malaysia, Philippines, Indonesia, South Korea, Cambodia, Myanmar & Rest of Asia Pacific) and competitive landscape

 
Pricing
  • Single User License
    $ 4,200
  • Department License
    $ 4,650
  • Site License
    $ 5,100
  • Global License
    $ 5,500

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All