The sale and manufacture of EVs (electric vehicles) are booming globally as a result of technological developments and the declining cost of lithium-ion batteries, providing the African continent a greater chance to achieve the full potential of electric mobility. Due to Africa’s weak infrastructure and heavy reliance on used car imports, the transition to EVs has so far been hindered (exports of Old light-duty vehicles to the continent account for 40% of total exports). Despite being the largest EV market on the continent, South Africa only has 1,000 of its approximately 12 million vehicles that are electric.
On the other hand, forecasts indicate that by 2025, 22% of all new vehicles sold worldwide are expected to be electric, and by 2030, 35%. Building electric vehicle charging stations is becoming more popular across Africa as investors look to profit from what is predicted to be a multimillion-dollar business opportunity driven by increasing demand for e-mobility.
The current focus of most of these opportunities is on Kenya, South Africa, Morocco, and to a smaller extent aspirational markets like Uganda.
Governments, property developers, and oil marketing firms are already constructing electric charging points to handle a growing fleet of electric vehicles in an effort to hasten the transition from “dirty” to “clean” fuel. In order to build “Nopea SolarHub,” which will provide solar-powered charging points for NopeaRide’s electric vehicles, another e-mobility startup, EkoRent, teamed up with the Strathmore University Research Centre situated in Nairobi. The brand-new network of charging stations ought to be operating by the third quarter of 2022.
A real estate company called Dowgate Properties was similarly intrigued by the potential and left Nairobi to set up Electric vehicle charging points in Naivasha, Nakuru City, the fourth-largest city in Kenya.
E-mobility firms, ChargeNet, Drive Electric, and Kenya Power, the country’s power distributor, are a few other participants in this market. Kenya Power has made known its ambitions to work with mobility firms to supply electricity. According to Data Bridge experts’ projection for the Middle East and Africa Electric Vehicle Charging Stations Market to 2029, “More and more people are flocking toward electric vehicles with the rising awareness regarding environmental issues worldwide.”
The market’s valuation will rise from $129.85 million in 2021 to $9.39 billion between 2022 to 2029, according to the research firm’s predictions. The competition in this market was boosted when the German manufacturer Audi revealed intentions to install 70 ultra-fast (150kW) public charging outlets across 33 sites in South Africa in January. The charging stations use direct current (DC), which charges cars completely in less than an hour.
GridCars’ EV charging stations are scattered throughout the country’s public lifestyle as well as entertainment facilities, with some of them organized in a line on the major motorways that link Johannesburg and Cape Town. With the help of cooperation between Jaguar and GridCars, 82 public charging stations will be constructed in the nation’s major cities and along busy holiday routes. The nation’s biggest cities, including Johannesburg, Pretoria, Durban, Cape Town, Port Elizabeth, and Bloemfontein, would benefit from the R30 million ($1.87 million) infrastructure investment.
Ampersand, a Rwanda-based business, has teamed with the French oil marketer to use Total Energies’ broad national network and expand its presence in Kenya. Ampersand intends to establish battery swap stations at 141 of the 226 service stations operated by TotalEnergies that are already powered by solar energy. In Nairobi’s upscale areas, there are currently three charging facilities for electric motorbike users’ batteries. Josh Whale’s company claims it can grow much faster than anticipated by utilizing TotalEnergies’ amazing experience to grow its system of battery swap facilities.