Hybrid & Electric Cars in South Africa

Hybrid & Electric Cars in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

Hybrid & electric cars market includes the initial retail sale/registration of new electric and hybrid passenger cars. Passenger cars include saloons/sedans, hatchbacks, SUVs, 4x4s, and other related vehicles. Market value is calculated at the retail selling price (RSP) and the market volume is given in terms of units sold.
The South African hybrid & electric cars market recorded revenues of $81.8 million in 2024, representing a compound annual growth rate (CAGR) of 30.1% between 2019 and 2024.
Market consumption volume increased with a CAGR of 48% between 2019 and 2024, reaching a total of 1,647.0 units in 2024.
The growth of the hybrid & electric cars market in 2024 was driven by high fuel prices, advancements in battery technologies, and supportive government investments. According to the South African Department of Energy, gasoline prices in South Africa increased by 9% in August 2024 compared to August 2023, influenced by rising crude oil prices, fuel levy adjustments, and exchange rate fluctuations.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hybrid & electric cars market in South Africa
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hybrid & electric cars market in South Africa
Leading company profiles reveal details of key hybrid & electric cars market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the South Africa hybrid & electric cars market with five year forecasts

Reasons to Buy

What was the size of the South Africa hybrid & electric cars market by value in 2024?
What will be the size of the South Africa hybrid & electric cars market in 2029?
What factors are affecting the strength of competition in the South Africa hybrid & electric cars market?
How has the market performed over the last five years?
Who are the top competitors in South Africa's hybrid & electric cars market?

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value
3.2. Market volume

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast
5.2. Market volume forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the most recent market developments?

8 Company Profiles

8.1. Toyota Motor Corp
8.2. Bayerische Motoren Werke AG
8.3. Mercedes-Benz Group AG

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher

List of Tables

Table 1: South Africa hybrid & electric cars market value: $ million, 2019-24
Table 2: South Africa hybrid & electric cars market volume: Units, 2019-24
Table 3: South Africa hybrid & electric cars market category segmentation: % share, by value, 2019-24
Table 4: South Africa hybrid & electric cars market category segmentation: $ million, 2019-24
Table 5: South Africa hybrid & electric cars market geography segmentation: $ million, 2024
Table 6: South Africa hybrid & electric cars market value forecast: $ million, 2024-29
Table 7: South Africa hybrid & electric cars market volume forecast: Units, 2024-29
Table 8: Toyota Motor Corp: Key Facts
Table 9: Toyota Motor Corp: Annual Financial Ratios
Table 10: Toyota Motor Corp: Key Employees
Table 11: Toyota Motor Corp: Key Employees Continued
Table 12: Bayerische Motoren Werke AG: Key Facts
Table 13: Bayerische Motoren Werke AG: Annual Financial Ratios
Table 14: Bayerische Motoren Werke AG: Key Employees
Table 15: Bayerische Motoren Werke AG: Key Employees Continued
Table 16: Mercedes-Benz Group AG: Key Facts
Table 17: Mercedes-Benz Group AG: Annual Financial Ratios
Table 18: Mercedes-Benz Group AG: Key Employees
Table 19: Mercedes-Benz Group AG: Key Employees Continued
Table 20: South Africa Size of Population (Million), 2020-23
Table 21: South Africa Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: South Africa GDP (Current Prices, $ Billion), 2020-24
Table 23: South Africa Inflation, 2020-23
Table 24: South Africa Consumer Price Index (Absolute), 2020-24
Table 25: South Africa Exchange Rate, 2019-24

List of Figures

Figure 1: South Africa hybrid & electric cars market value: $ million, 2019-24
Figure 2: South Africa hybrid & electric cars market volume: Units, 2019-24
Figure 3: South Africa hybrid & electric cars market category segmentation: $ million, 2019-24
Figure 4: South Africa hybrid & electric cars market geography segmentation: % share, by value, 2024
Figure 5: South Africa hybrid & electric cars market value forecast: $ million, 2024-29
Figure 6: South Africa hybrid & electric cars market volume forecast: Units, 2024-29
Figure 7: Forces driving competition in the hybrid & electric cars market in South Africa, 2024
Figure 8: Drivers of buyer power in the hybrid & electric cars market in South Africa, 2024
Figure 9: Drivers of supplier power in the hybrid & electric cars market in South Africa, 2024
Figure 10: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in South Africa, 2024
Figure 11: Factors influencing the threat of substitutes in the hybrid & electric cars market in South Africa, 2024
Figure 12: Drivers of degree of rivalry in the hybrid & electric cars market in South Africa, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Toyota Motor Corp
Bayerische Motoren Werke AG
Mercedes-Benz Group AG

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Key Highlights

Scope

Reasons to Buy

Table of Contents

Companies Mentioned (Partial List)

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