How many battery electric vehicles are sold in South Africa?
Battery electric vehicles (BEVs) constitute a minor but fast-growing segment in South Africa’s NEV market. In the first half of 2023, South Africa saw the sale of 502 BEVs, matching the total number of BEVs sold during the entirety of 2022. This suggests the potential for over 1,000 BEV sales in a single year.
How much do EVs cost in South Africa?
Currently, South Africa’s EVs are priced much less competitively than ICE vehicles. South Africa’s expanding middle class, which represents a significant portion of the market, typically purchases vehicles priced between R150k and R350k (USD 7,923 – 18,487).
Will Cape Town release an RFP for 100MW battery energy storage?
The City of Cape Town will, in the third quarter of this year, release an RFP for 100MW of battery energy storage systems in an effort to bolster energy security.
Why does South Africa need EV manufacturing?
This expansion is essential to facilitate long-distance EV travel between cities and provinces. Numerous OEMs currently operate in South Africa, serving the private passenger vehicle market. There are key automotive manufacturing hubs in the Eastern Cape (EC), KwaZulu-Natal (KZN), and Gauteng (GP) regions.
How many electric vehicles were sold in South Africa in 2023?
There were 28 EV models sold in South Africa in 2023 across 10 different OEMs. Sales of electric heavy duty trucks and light delivery vehicles were recorded in official statistics for the first time in 2023. This shows that the EV market in South Africa is diversifying away from what has been a focus on electric private passenger vehicles.
Are electric vehicles growing in South Africa?
Sales of electric private passenger vehicles in South Africa have been growing at a steady rate year on year as shown in Figure 8. EV sales in South Africa grew by 85.46% from 502 vehicles sold in 2022 to 931 vehicles sold in 2023. Figure 8: Battery electric vehicle sales in South Africa 2015 to 2023
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