MAURITANIA ELECTRIC VEHICLE MARKET

INTRODUCTION

 A vehicle that runs entirely or partially on electricity is referred to as an electric car. E-cars, as opposed to conventional vehicles, which run on fossil fuels, have an electric motor that is fueled by a fuel cell or batteries. The common names for an electric vehicle are "E.V." or "e-vehicle." The word typically refers to both PHEVs and BEVs.

Battery electric vehicles are denoted by the letters BEV, whereas plug-in hybrid electric vehicles are denoted by the letters PHEV.

An electric motor, as opposed to an internal combustion engine that produces power by burning a mixture of fuel and gases, powers an electric vehicle (E.V.). As a result, electric vehicles are considered a potential replacement for current-generation cars in order to solve the problems of increasing pollution, global warming, and resource depletion.

MAURITANIA ELECTRIC VEHICLE MARKET SIZE AND FORECAST

The Mauritania Electric Vehicle Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

MARKET DYNAMICS

The Mauritania Electric Vehicle Market are seeing an increase in the demand for electric vehicles as a result of the technology's rapid advancement. The market is being driven by reasons like rising environmental concerns, government incentives and subsidies for electric vehicles, and rising demand for electric vehicles.

However, the market's expansion is being hampered by the hefty upfront cost.By offering public vehicles of its own to go along with the  renewable energy produced for Aman project, CWP Global has pledged to promote the country's electric vehicle markets under an MoU and subsequent agreement made with the Mauritanian government last year.

A  million contract launched Senegal's Bus Rapid Transfer Project, the continent's first 121-vehicle electric bus fleet, last month. By joining forces with the Senegalese Transport Ministry in this historic public-private partnership, French infrastructure experts Meridiam and the transportation company Keolis will revolutionize transportation in the nation's congested capital, which is home to millions of  people.  electric buses will begin operating.

COVID-19 IMPACT

Due to a number of issues, including high EV import duties and a lack of infrastructure for charging stations, Mauritania, a nation in North-West Africa, has been reluctant to adopt electric vehicles (EVs). The COVID-19 epidemic, however, has further hampered the development of EVs in the nation. Since the epidemic has caused a drop in the price of oil globally, Mauritanians can now afford to keep driving their conventional fossil-fuel-powered cars.

The epidemic has also decreased economic activity, which has decreased consumer desire for new automobiles, especially EVs. To encourage the use of EVs in Mauritania, there have been several initiatives. The government has made measures to lower taxes on electric vehicles and offer financial incentives for EV charging stations.

The nation's capital, Nouakchott, now has the first EV charging station. The station is a component of a bigger program to encourage environmentally friendly transportation across the nation.

Additionally, electric bikes are becoming more and more common in Mauritania, especially in metropolitan areas where traffic congestion is a significant problem. These motorcycles are more accessible to more Mauritanians than regular automobiles since they are less expensive and require less maintenance. There have been several initiatives to support sustainable mobility in Mauritania, despite the COVID-19 epidemic slowing the uptake of EVs there.

Future EV adoption may expand due to the popularity of electric bikes, government initiatives to lower taxes on EVs and offer incentives for charging infrastructure, and other factors.

MARKET DYNAMIC

With only a few electric vehicles on the road, the Mauritanian market for electric vehicles is still in its infancy. There are a number of things that might explain this circumstance. The first big hurdle is that most people cannot buy electric cars due to their expensive price, which is a huge deterrent. The absence of infrastructure, like charging stations, is a second problem that has to be solved.

Third, in a nation whose cities are spread out far apart, the short driving range of electric cars is also a cause for worry. However, there are some encouraging signals that suggest the Mauritania market for electric vehicles may expand in the future. To encourage renewable energy and lower its carbon impact, for instance, the government has begun to take action.

In order to reach 30% of the country's energy needs, Mauritania established a National Renewable Energy Program. The implementation of solar power plants, wind farms, and other renewable energy projects is encouraged by this initiative. The interest shown by several foreign businesses in the Mauritanian market is another encouraging trend. For instance, the Chinese manufacturer BYD revealed plans to build an electric vehicle assembly facility in Mauritania.

For both the domestic market and export to nearby nations, the company would make electric buses and taxis. Despite these encouraging results, Mauritania's electric car sector is still expected to confront certain obstacles as it expands.

The first factor that can prevent the adoption of electric cars is the absence of a comprehensive policy framework. Second, the high cost of batteries and other parts may make electric vehicles less affordable than conventional automobiles. Third, customer ignorance and a lack of knowledge about electric vehicles may potentially hinder their uptake.

COMPANY PROFILE

• Suzuki.
• Mercedes‒Benz.
• Renault.
• Volkswagen.
• DAF.
• Ford.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Electric Vehicles are manufactured per annum in Mauritania ? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Mauritania Electric Vehicle and key vendor selection criteria
3. Where is the Electric Vehicle manufactured? What is the average margin per unit?
4. Market share of Mauritania Electric Vehicle manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Mauritania Electric Vehicle in-house
6. key predictions for next 5 years in Mauritania Electric Vehicle
7. Average B-2-Bl Mauritania Electric Vehicle price in all segments
8. Latest trends in Mauritania Electric Vehicle, by every market segment
9. The market size (both volume and value) of the Mauritania Electric Vehicle market in 2022-2030 and every year in between?
10. Production breakup of Mauritaniaa Electric Vehicle, by suppliers and their OEM relationship