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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Internal combustion engines (ICEs), which have dominated transportation for more than a century, are being replaced by electric vehicles (EVs) as a preferred green transportation option. Electric vehicles (EVs) work with a battery-powered electric motor.
Electric vehicles employ traction motors that can send torque to the wheels. The two main categories of electric motors are DC and AC motors.
Electric seems to be the way of transportation in the future. Electric vehicles are becoming more and more popular around the world, and the industry is unquestionably on the upswing.
The development of charging infrastructure and battery capacity, as well as government initiatives to reduce reliance on fossil fuels and solve the climate issue, are the main drivers of this increase.
Another indication that electric vehicles are the future is the large investments that the big automakers are making to switch to them.
Africa is included in this expanding trend of electric-powered transportation. Several African nations, like Kenya and Rwanda, have enacted tax incentives to promote the importation of electric vehicles and are presently attempting to create their own domestically produced electric two- and three-wheelers.
Africa, with its abundant supplies of lithium, copper, cobalt, and other minerals, is well positioned to create EVs and might play a vital role in their production, given the rising need for minerals for batteries and electric vehicles.
The Africa EV Traction Motor Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The Volkswagen Brand and Siemens have started a pilot study to see if electric mobility is feasible in an African nation, which is a first for the continent.
The Volkswagen Group South Africa, who is also in charge of the Sub-Sahara Africa Region, made the official announcement of the pilot project. It will be a component of Volkswagen's operations in Rwanda.
Four e-Golfs and one charging station will be installed in Kigali, the capital of Rwanda, during the pilot period. Siemens and Volkswagen have agreed to work together to develop a charging system for electric vehicles.
As of the start of the pilot project, Rwanda is the first nation in Africa to offer a Volkswagen electric vehicle.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use,2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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