CAR MARKET IN ETHIOPIA

INTRODUCTION

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.

CAR MARKET IN ETHIOPIA SIZE AND FORECAST

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.

NEW PRODUCT LAUNCH

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 60–120 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.

COMPANY PROFILE

• ABJEB Motors
• Access Automotive
• Belayab Enterprises
• Holland Car
• Lifan Motors

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many cars are manufactured per annum in Ethiopia? Who are the sub-component suppliers in this region?
2. Cost breakup of a Ethiopia car and key vendor selection criteria
3. Where is the car manufactured? What is the average margin per unit?
4. Market share of Ethiopia car market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Ethiopia car in-house
6. key predictions for next 5 years in Ethiopia car market
7. Average B-2-B car market price in all segments
8. Latest trends in car market, by every market segment
9. The market size (both volume and value) of the car market in 2023-2030 and every year in between?
10. Production breakup of car market, by suppliers and their OEM relationship