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South Africa Electric Cars Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

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    Report

  • 144 Pages
  • January 2023
  • Region: South Africa
  • Mordor Intelligence
  • ID: 5716908
The South Africa Electric Cars Market is projected to register a CAGR of 8.50%

Key Highlights

  • Largest Segment by Fuel Type - BEV: Sales of hybrid vehicles are anticipated to outpace those of all-electric vehicles in South Africa as a result of rising CO2 emissions and taxation. These vehicles do not require EV charging infrastructure. These automobiles are also appropriate for use in nations with inadequate charging infrastructure. As a result, higher adoption rates are anticipated for the segment in the coming years.
  • Fastest-growing Segment by Fuel Type - HEV: BEV is the fastest-growing segment with a 16.2% CAGR due to aggressive electric policy, fixed purchase subsidies, and extremely low-interest loans supported by development finance institutions. BEV is the largest growing segment in the South African electric car market, with sales of around 203 vehicles in 2021.
  • Largest Segment By Body Type - Hatchback: SUVs are common types of vehicles that provide stability and comfort for drivers and passengers when navigating South Africa's less-than-ideal roads and a wide range of climates, terrains, and territories.

Competitive Landscape

The South Africa Electric Cars Market is fairly consolidated, with the top five companies occupying 92.30%. The major players in this market are General Motors, Hyundai Motor Company, Renault, Toyota Motor Co. and Volkswagen AG (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 EXECUTIVE SUMMARY & KEY FINDINGS

2 REPORT OFFERS

3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study​
3.3 Research Methodology

4 KEY INDUSTRY TRENDS
4.1 Population
4.2 GDP
4.3 CVP
4.4 Inflation Rate
4.5 Interest Rate For Auto Loans
4.6 Battery Price (per Kwh)
4.7 Electrification Impact
4.8 Shared Mobility
4.9 New XEV Models Announced
4.10 Charging Stations Deployment
4.11 Regulatory Framework
4.12 Value Chain & Distribution Channel Analysis

5 MARKET SEGMENTATION
5.1 Body Type
5.1.1 Passenger Cars
5.1.1.1 Hatchback
5.1.1.2 Multi-purpose Vehicle
5.1.1.3 Sedan
5.1.1.4 Sports Utility Vehicle
5.2 Fuel Type
5.2.1 BEV
5.2.2 FCEV
5.2.3 HEV
5.2.4 PHEV

6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 Audi AG
6.4.2 BMW AG
6.4.3 Fiat
6.4.4 Ford Motor Company
6.4.5 General Motors
6.4.6 Honda Motor Co. Ltd.
6.4.7 Hyundai Motor Company
6.4.8 JAGUAR LAND ROVER LIMITED
6.4.9 Kia
6.4.10 Mercedes-Benz AG
6.4.11 Nissan Motor Company Ltd
6.4.12 Porsche
6.4.13 Renault
6.4.14 Toyota Motor Co.
6.4.15 Volkswagen AG

7 KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

8 APPENDIX
8.1 Global Overview
8.1.1 Overview
8.1.2 Porter’s Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Market Dynamics (DROs)
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Audi AG
  • BMW AG
  • Fiat
  • Ford Motor Company
  • General Motors
  • Honda Motor Co. Ltd.
  • Hyundai Motor Company
  • JAGUAR LAND ROVER LIMITED
  • Kia
  • Mercedes-Benz AG
  • Nissan Motor Company Ltd
  • Porsche
  • Renault
  • Toyota Motor Co.
  • Volkswagen AG

Methodology

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