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.
(Get 15% Discount on Buying this Report)
Get Report Sample Copy @ https://www.omrglobal.com/request-sample/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.
A Full Report of Global IoT Sensors Market is Available at: https://www.omrglobal.com/industry-reports/south-africa-electric-vehicle-market
South Africa Electric Vehicle Market Report Segment
By Vehicle Type
- Commercial Vehicles
- Passenger Cars
- Two-Wheelers
By Propulsion Technology
- Battery Electric Vehicle
- Plug-in-Hybrid Electric Vehicle
By Battery Type
- NiMH
- Li-ion
- Others
Company Profiles
- AB Volvo
- Audi AG
- BMW AG
- Daimler AG
- Ford Motor Co.
- Nissan Motor Co.
- Porsche AG
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/south-africa-electric-vehicle-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
