South Africa electric vehicle market is projected to grow at a significant CAGR of over 18.0% during the forecast period (2019-2025). The rising need to address future energy requirements is one of the major factors to drive the growth of the market. Nissan Motor Co., BMW AG, and Volkswagen AG are carmakers and has planned to bring the electric car to South Africa, as the nation’s auto factory still left behind in the global to switch to electric vehicles. As per the National Association of Automobile Manufacturers of South Africa in August 2019, the industry has planned to do electrification to show the government about creating a favorable environment for electric vehicles in South Africa.
Browse the full report description of "South Africa Electric Vehicle Market Size, Share & Trends Analysis Report By Vehicle Type (Commercial Vehicle, Passenger Cars, Two-Wheeler) by Propulsion Technology (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle) by Battery Type (NiMH, Li-ion, Other), and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/south-africa-electric-vehicle-market
Apart from it, bringing electric vehicles in South Africa is to reduce the 23% import tariff on electric vehicles to increase the sales which are higher than the 18% import tariffs for combustion engine vehicle s and also to bring charging infrastructure in the country. South Africa is an automaker country for a long time and in 2018 exported around 210,000 cars to Europe. BMW, Ford, Mercedes-Benz, Isuzu, Nissan, Toyota, and Volkswagen are manufacturers of electric vehicles which make around 600,000 vehicles a year in South Africa and export around 65% of them. Furthermore, in South Africa, the EV manufacturer companies are establishing microgrids based on solar that will be beneficial for decentralized charging infrastructure which is providing a big opportunity to the market.
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South Africa Electric Vehicle Market Report Segment
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