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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
The Toyota RAV4 is the most well-liked automobile in Ethiopia. This SUV, which has been manufactured all over the world, continues to be the most widely used car in Ethiopia. The RAV4's appeal is largely due to its performance, adaptability, and affordability.
The adoption of electric vehicles is expected to rise, and the demand for increased safety, connection, convenience, and driver assistance features is expected to rise sharply. Potential obstacles for automakers include controlling chip shortages, expanding the infrastructure for EV charging, and improving battery efficiency.
The Car market in Ethiopia accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Five electric car models were introduced by Green Tech Ethiopia. The business bought the automobiles from Dongfeng Motor Corporation in China, and it has ambitions to open a car assembly plant soon. The company has additionally introduced electric pickup trucks, buses, and midi-buses with seating for 23 people.
Customers can now purchase a 40/60 electric car package through the company's green transportation initiative. With the aid of this clause, Ethiopia's middle- and low-income societies will be able to own cars and develop other sources of revenue for their households.
Customers will pay 60% of the total price at the time of purchase, with the other 40% being funded by Green Transport.Since the cost of 1 kilowatt of electricity is 88 times less than that of 1 litre of gas, electric automobiles have a significant cost advantage over their gasoline-powered counterparts.
The company hopes to cut Ethiopia's gasoline expenses by one third by using electric vehicles. The electric vehicles with solar charging have a range of 60â120 kilometers.
The 80kWh battery in the midibus can be fully charged for just 28 birr, while the 26kWh battery in the 4 seater cars can be fully charged for 200km of travel on a full charge and be driven that far on just 9.10 birr. Even cheaper than the price of one litre of gasoline are these pricing.
The lowest possible maintenance costs for electric vehicles go along with these benefits. Additionally, there are two methods for recharging the vehicles: quick charging systems and pile chargers.
The household single phase pile chargers, which are accessible in every urban home and can charge the automobiles in a span of 30 minutes to 3 hours, are a common way to charge electric vehicles. The fast charger, meanwhile, takes anything between three and thirty minutes to fully charge a specific 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, 2023-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
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 |