It’s Happening! Car Dealers In Africa Are Starting To Stock More Used EVs
We are starting to see more and more used car dealers in Africa stocking used EVs and not just bringing in EVs per order.
We are starting to see more and more used car dealers in Africa stocking used EVs and not just bringing in EVs per order.
We continue with our push to show that driving electric in Africa can be a whole lot cheaper than driving ICE. How cheap? In some cases, driving electric is as good as driving for free thanks some really cheap residential electricity tariffs in several countries.
Marathon Motor Engineering, a joint venture between Hyundai Motor Company and Olympic Champion Haile Gebrselassie, has started assembling the all-electric Hyundai Ioniq in Ethiopia.
Driving electric in many African countries is a whole lot cheaper than driving ICE. Ghana, like many other African countries, has a very low motorization rate compared to most parts of the developed world. This presents a huge opportunity for another leapfrog moment where consumers can jump straight into the world of EVs, bypassing the ICE Age.
Ghana’s new Automotive Development Policy has encouraged VW, Toyota, and Nissan to look into opening assembly plants in the country. The Ghana Automotive Development Policy provides the necessary framework to establish assembly and manufacturing capacity in Ghana. The initial focus will be on new passenger cars, SUVs, and light commercial vehicles which would include pickups, minibuses, and cargo vans. VW Ghana’s new vehicle assembly plant has already started production in Accra’s North Industrial Area.
There is a saying, “United we stand, divided we fall.” It comes in many forms, in many languages, including Abraham Lincoln’s “A house divided against itself, cannot stand,” a fairly close restatement from the Bible.
ZOLA Electric is one of many distributed solar companies thinking about what COVID-19 means for their business and how solar can be deployed to help combat the pandemic.
Ghanaian startup SolarTaxi, an initiative started by Kumasi Hive through the partnership with the Mastercard Foundation in 2018, is scaling up its electric bike business.
The Brookings Institution says consumers in Africa are brand conscious and brand loyal. When it comes to cars, that brand is Toyota! In the brand new vehicle market, the Toyota Hilux is king in South Africa and also tops other charts. Other popular models in the new vehicle market are the Corolla, the Fortuner, and the Yaris.
Renewable energy produced through off-grid and mini-grid wind and solar installations – called distributed renewable energy – has consistently been identified as the most effective, affordable, and resilient way to deliver electricity services to rural areas without access. However, only about 1-2% of financing for electricity in Africa is currently flowing to distributed renewable energy.