Africa Electric Vehicle Market Overview
Electric Vehicle Market In Africa 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.
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
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