The government’s five-year plan to safeguard both people and the environment.
The government supported the transition to electric mobility because it was the current global trend and noted that electric mobility in Mozambique stood a strong ground because the vast majority of the nation’s electricity is produced using renewable energy sources, with hydroelectricity accounting for the highest share.
Mozambique’s participation in the Global Fuel Economy Initiative brought attention to the necessity of policies and incentives to encourage the import of cleaner, lower-emission vehicles, including electric vehicles.
There are suggestions to take into consideration, such as the need for the nation to create a legal framework for electric mobility that governs the introduction of such mobility; the requirement for fiscal incentives to encourage electric vehicles; the establishment and/or capacity building of institutions that will regulate electric mobility; and the inclusion of cities/local authorities in the discussions about electric mobility as they present the first opportunity for mass uptake.
Finally, it was suggested to establish an inter-ministerial technical working group to interact with decision-makers and support the adoption of electric mobility in Mozambique.
The Mozambique 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.
Tesla is looking to Mozambique for a critical component for its electric vehicle batteries. Analysts consider this action by the big EV company to be a first-of-its-kind effort to lessen its reliance on graphite from China.
According to the corporation, it will purchase the material from its processing facility in Vidalia, Louisiana, which purchases graphite from its mine in Balaam, Mozambique.
The agreement states that Tesla intends to purchase up to 80% of the plant’s annual production, or about 8,000 tonnes of graphite.
The United States wants to develop enough domestic capacity to enable the production of (lithium-ion batteries) there. Additionally, this agreement will enable Tesla to independently source graphite from China.
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