"South Africa’s automotive sector is ranked 23rd in terms of manufacturing and is a key player in the international automotive value chain. South Africans who choose electric vehicles are motivated by environmental concerns. The country faces challenges related to air pollution and climate change, and electric vehicles provide a cleaner alternative to conventional vehicles. EV culture in South Africa places a greater emphasis on reducing carbon emissions and preserving the environment. Various initiatives focused on educating the public about electric vehicles are gaining momentum in South Africa. EV owners and enthusiasts participate in awareness campaigns, public events, and media interviews to share their experiences and knowledge. These efforts help dispel myths and misconceptions about EVs and encourage more people to consider electric vehicles as a viable transportation option. The availability and expansion of public charging infrastructure play a significant role in shaping EV culture. South Africa is gradually developing a network of charging stations in major cities, shopping centres, and along major highways. EV owners in the country actively contribute to mapping and promoting charging stations, creating a sense of community around the shared goal of expanding the charging infrastructure. According to the research report ""South Africa Electric Vehicle Market Overview, 2027,"" published by Bonafide Research, the South African electric vehicle market is expected to add more than 100 million vehicles by 2027. The electrification of public transport, including buses and taxis, is a growing trend in South Africa. Electric buses and taxis are being introduced in major cities, offering a cleaner and more sustainable mode of transportation. This trend is expected to continue as the government and private sector invest in the electrification of public transportation fleets. Electric vehicles are becoming more connected, with features such as integrated infotainment systems, advanced driver-assistance systems, and vehicle-to-vehicle communication. These technologies improve the driving experience, enhance safety, and pave the way for future autonomous driving capabilities. Several international and local automakers have started introducing electric vehicles to the South African market. Companies like Nissan, BMW, Jaguar, and Audi have launched electric models in the country. Additionally, there are local start-ups and conversion companies that retrofit existing vehicles into electric ones. GridCars, Zeppi, Moeketsi, Electric Life, Balancell, MellowCabs, and Silent Falcon are several startups in South Africa that are actively involved in the electric vehicle (EV) industry. The South African government offers several incentives to encourage the adoption of electric vehicles. These incentives include exemptions from vehicle emissions tax, import duties, and value-added tax (VAT) for imported electric vehicles. Additionally, EV owners enjoy lower annual licencing fees compared to conventional vehicle owners. The South African electric vehicle (EV) market is still in its infancy but is expected to grow at a slow but steady pace over the next five years. The EV market is currently restrained due to a variety of factors, including unfavourable EV policies and a lack of infrastructure. International OEMs with a presence in the country have invested heavily in an attempt to grow the market locally. Their global strategies are slowly filtering down into the local South African market, with 20 BEV and PHEV offerings currently available. This number is set to increase over the next few years as more OEMs introduce their EVs to the South African market. The charging infrastructure is currently lacking but is expected to expand through upcoming projects, which are likely to necessitate the further uptake of EVs in the country. EVs for public transport are currently under consideration in various cities across South Africa; the introduction of EVs will result in sustainable and local sourcing of transport fuel. It has a community of early adopters who have embraced electric vehicles despite the initial challenges. These individuals are passionate about sustainable transportation and are often at the forefront of promoting EVs in the country. They actively participate in events, forums, and social media groups to share their experiences and educate others about the benefits of EVs.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globallyDownload Sample
Considered in this report • Geography: South Africa • Historic year: 2017 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • South Africa market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Passenger Vehicle • Commercial Vehicle By population type • BEV • PHEV The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources.
Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to organic food and beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.