Why is Africa’s new energy market burning?

At present, the new energy market in various countries is very hot, but in everyone’s understanding, the investment in new energy is relatively expensive at present. But why is Africa now also developing a new energy boom?

In China, new energy projects themselves are difficult to make money. The upsurge of China’s new energy projects has driven domestic demand, employment, and GDP at the national level. Building a house to build high-speed rail is the same destination, these are good projects for the benefit of the people, but it is always throwing money into it, the money into it, the pull is pulled.

ev station

Lower cost

First of all, as we all know, electric vehicles are cheaper than fuel vehicles. With the production of fuel vehicles becoming increasingly limited. Raw materials for electric vehicles are likely to decline step by step, and there is also a gradual trend, with the development of trams over the years, more and more used cars will be used, which will further reduce the cost of buying electric vehicles.

Second, at present, most African countries have realized that the electric transformation of vehicles is in line with their national interests, and have introduced relevant supporting policies and plans.

South Africa, Morocco, and Egypt are the three most important automobile-producing countries in Africa, many European and American automobile manufacturers set up factories in these three countries, and most of the cars produced are exported to Europe and the United States, especially Morocco has unique geographical and cost advantages, close to the European market, cars can enter the EU market duty-free. At present, the world, especially Europe and the United States in the rapid transition to new energy vehicles, the three countries are undoubtedly hoping to continue to maintain their advantages and status in the automotive industry, the automotive industry to electric transformation is imminent, so the three countries are very supportive of the development of electric vehicle industry.

green charge

Economically viable

Under current circumstances, Africa’s transition to electrification is already economically feasible. For example, unlike China, in most African countries, two-wheelers and three-wheelers are mainly used for commercial purposes, such as motorcycle, takeout, delivery, etc., and the owners of these vehicles are often enterprises rather than individuals, considering that the comprehensive operating cost of electric vehicles during the life cycle is lower than that of fuel vehicles, and the power supply of cities can fully meet the charging of two-wheelers. Therefore, enterprises are more willing and powerful than individuals to adopt electric two-wheelers.

For example, for the minibusses operating in the city, due to fixed operating routes, the daily distance is relatively short, as long as the general charging pile is installed at a fixed location, the charge can be completed at night, so it is also possible to replace the electric minibusses.

Urban high-income office workers are also potential electric vehicle customers, they have a certain purchasing power, the daily commute distance is limited, the installation of an ordinary charging pile can meet the charging, considering the comprehensive travel cost is lower than fuel vehicles, they also have a certain power to buy small electric vehicles.

Africa is one of the regions with the most abundant energy resources in the world and has a large amount of electric energy reserves. At present, the five major power pool organizations in Africa are still in the development stage, and African countries have urgent electricity needs.

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