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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
An electric motor replaces the internal combustion engine in all-electric vehicles, often known as battery electric vehicles (BEVs). Even while mining and processing lithium, nickel, cobalt, and other required metals has an influence on the environment, Kenya is well-positioned to have an extraordinarily green EV industry when it comes to running them.
By halving taxes and providing various subsidies on the purchase of electric vehicles, Kenya has taken significant steps to promote the use of them for transportation throughout the nation. This will help to reduce the country's rising pollution and maintain a stable climate, which will increase demand for electric vehicles during the forecast period.
The Kenya electric vehicle 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 Swedish-Kenyan EV startup Opibus has launched its first electric bus on Kenyan roads, ushering in its foray into the mass transit sector. Plans to introduce electric public transportation buses were initially made public by Opibus.
In preparation for the commercial introduction of EV buses in Kenya, the firm is operating a pilot.Over the past five years, Opibus has been in the business of converting current gasoline and diesel cars to electric in order to make them more future-proof.
EVs provide a number of advantages, including lower transportation costs and zero carbon emissions. more than 170 cars were transformed for a variety of clientele, including mining companies and tour operators. Due to the fact that their vehicles are designed and manufactured locally, they have a competitive advantage in terms of reduced prices.
Local production also enables output to be customized for regional market demands. The patented electric vehicle platform from Opibus is modular and can support a variety of automobiles. This makes it possible to design a bus that meets the dependability, toughness, and cost requirements of the African use case.
This implies that a rapidly scaled-up, globally competitive product can be produced using local and international contract manufacturers.
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 |