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The market for electric car chargers is anticipated to increase as a result of rising electro-mobility and the expanding demand for more effective charging options.
Further boosting the demand for EVs and anticipated to support the expansion of the EV charging industry is growing awareness about the need to reduce vehicle emissions that contribute to smog and climate change.
Additionally, the International Energy Agency (IEA) reports that electric car sales represent a year-over-year increase. This development is anticipated to create growth opportunities for the EV charger market.
ZAMBIA needs to establish rules and standards for installing charge stations for electric vehicles.
With the help of green technology like promoting electric vehicles and developing a sustainable sector that supports its value chain, they have a strategy to move Zambia into the future.
An electric vehicle can access the grid by plugging into a charging station. They store the electricity in rechargeable batteries and use them to power an electric motor that turns the wheels.
Because they can accelerate faster than vehicles powered by traditional fuel sources, electric vehicles feel lighter to drive.
The Zambia EV charger 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.
Zambia’s industrialization effort will be boosted by the introduction of electric utility cars. This will also support government efforts to build a green economy. The deployment of electric vehicles will aid in the reduction of carbon emissions and advance efforts to combat climate change.
Amilak Investment predicted that Zambia would serve as the region’s centre for the production of electric vehicles. The company will be sourcing all of the vehicle’s raw materials locally once the assembly facility opens in the Lusaka Multi-Economic Zone.
Imperial Motors Zambia, has encouraged ZAMBIA to implement laws and rules governing the installation of charging stations for electric vehicles.
Government has a plan to modernise Zambia with green technologies, including the promotion of electric vehicles and the development of a sustainable sector that supports its value chain. A Nissan Navara single cab was unveiled by Imperial Motors.
Zambia, the continent’s second-largest copper producer, is preparing to lead the way with innovative electric vehicle charging technologies as the world makes significant efforts to reduce carbon emissions.
The lithium rechargeable battery then increases the need for charging ports to recharge the battery, which ZESCO ltd, the electricity company in the country of Southern Africa, is preparing for.
They want to switch to using electricity instead of fossil fuels to power their vehicles. Zesco wants to take the initiative in ensuring that chargers are mounted wherever and wherever there is a demand.
The cost of energy utilization in an electric car compared to a car that runs on fossil fuels is highly fascinating. There is a six times difference. Driving an electric vehicle is six times less expensive.
The fact that Zambia’s electricity is generated nearly entirely from pure hydroelectricity is one of the main advantages of an electric charger. Thus, it implies that they will run their homes and automobiles on clean energy.
