Morocco Electric Vehicle Market 2024-2030

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    MOROCCO ELECTRIC VEHICLE MARKET

     

    INTRODUCTION

     Morocco has established the national energy strategy to increase the amount of power produced using renewable energy sources. Additionally, automobile manufacturers are establishing production facilities in the nation, which has led to a drop in the price of electric vehicles and a rise in the market’s earnings.

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    In addition, expanding environmental concerns, advantageous agreements, and government incentives are the main drivers of electric car penetration in Morocco.

     

    MOROCCO ELECTRIC VEHICLE MARKET SIZE AND FORECAST

     

    The Morocco 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.

     

    MOROCCO ELECTRIC VEHICLE MARKET RECENT PARTNERSHIPS

    A global automaker with Dutch headquarters, Stellates, has expanded its collaboration with Morocco to build electric vehicles at the Citroen Ami assembly factory in Kentia.

     

    The Opel Rocks-e, an electric vehicle that the German automaker Opel, a division of the Stellates company, recently introduced on the global market, will also be produced at the Kentia facility. It is a little two-seater measuring 2.41 meters that young people with an AM1 driving license, particularly in Germany, can operate.

     

    In reality, the Opel Rocks-e is a Citroen Ami that has been rebadged for the Moroccan and global markets. The electric vehicle has a top speed of 45 km/h and a range of 75 kilometers.

     

    Opel claims that this makes the electric vehicle perfect for urban everyday traffic, not just for inexperienced drivers but also for individuals who want to travel without emitting any emissions and don’t want to waste a lot of time hunting for parking at their destination.

     

    A memorandum of understanding (‘MOU’) was signed by Renault Group and Manage Group, a Moroccan participant in the EV market, to ensure the supply of low-carbon and ethical cobalt sulfate for electric batteries. In accordance with the conditions of the contract, Manage Group will provide 5,000 tones of cobalt sulfate.

     

    Manage Group also aims to invest in the building of a factory to convert cobalt ore into cobalt sulfate at the Gemas industrial complex in Morocco.

     

    The Renault Group claims that with this partnership, it has secured a sizable supply of cobalt sulfate, representing an annual battery production capacity of up to 15 GWh.

     

    MOROCCO ELECTRIC VEHICLE MARKET DYNAMIC

    In Morocco, Renault has been making electric vehicles (EVs). Building a new facility in Tangier to produce EVs for the North African market, the Renault-Nissan-Mitsubishi Alliance has made significant investments in the nation.

     

    The Renault-Nissan-Mitsubishi Alliance has started manufacturing the Renault Zoe EV in Morocco, and in the upcoming years, the business wants to increase its selection of electric vehicles there. An affordable version of the Renault Zoe, a well-liked EV in Europe, has been made available on the Moroccan market.

     

    The Renault Zoe is an excellent option for driving in cities and suburbs because of its 41 kWh battery, which offers a range of up to 395 kilometers on a single charge. The vehicle can accelerate from 0 to 100 kilometers per hour in 9.5 seconds and has a peak speed of 140 kilometers per hour.

     

    To help the EV industry expand, Renault has also teamed up with the Moroccan government to build a nationwide network of charging stations. It is now one of the most EV-friendly nations in Africa thanks to the company’s installation of more than 1,000 charging stations throughout Morocco. As a result of Renault’s successful investment in Morocco, electric mobility is now a reality there thanks to the company’s EV offerings.

     

    MOROCCO ELECTRIC VEHICLE MARKET RECENT PARTNERSHIP

    Chinese carmaker BYD Auto has launched its electric vehicle (EV) products in Morocco in an effort to support eco-friendly travel there. To introduce its EVs to the Moroccan market, BYD Auto, a manufacturer of electric buses, taxis, and passenger vehicles, has joined up with the regional distributor OMAC Auto.

     

    The first vehicle to be released in Morocco is a mid-size SUV called the BYD Tang EV. A single charge of the 86.4 kWh battery pack of the Tang EV allows it to go up to 520 kilometers.

     

    The vehicle’s peak speed is 180 kilometers per hour, and it boasts a 0-100 kph acceleration time of under 4.6 seconds. With a roomy cabin and cutting-edge technologies like a 12.8-inch touch screen, wireless charging, and a panoramic sunroof, the Tang EV is made to give an opulent driving experience. It also has cutting-edge safety technologies, including adaptive cruise control, automated emergency braking, and lane departure warning.

     

    The ambitious objective of Morocco to cut greenhouse gas emissions and promote environmentally friendly transportation is something that BYD Auto hopes to support.

     

    To offer its clients assistance and after-sales service, the firm established a showroom and service facility in Casablanca. An important step towards Morocco’s reduction of its carbon footprint and promotion of sustainable mobility is the adoption of BYD Auto’s EVs. The Tang EV appeals to Moroccan customers who are concerned about the environment because of its remarkable range and performance as well as its cutting-edge features.

     

    MOROCCO ELECTRIC VEHICLE MARKET COMPANY PROFILE

     

    THIS MOROCCO ELECTRIC VEHICLE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Electric Vehicles are manufactured per annum in Morocco ? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Morocco Thermal CCTV Camera and key vendor selection criteria
    3. Where is the Thermal CCTV Camera manufactured? What is the average margin per unit?
    4. Market share of Morocco Thermal CCTV Camera market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Morocco Thermal CCTV Camera in-house
    6. key predictions for next 5 years in Morocco Thermal CCTV Camera market
    7. Average B-2-B Thermal CCTV Camera market price in all segments
    8. Latest trends in Thermal CCTV Camera market, by every market segment
    9. The market size (both volume and value) of the Thermal CCTV Camera  market in 2024-2030 and every year in between?
    10. Production breakup of Thermal CCTV Camera market, by suppliers and their OEM relationship

     

    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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