Africa’s EV Market Expands as Startups Tackle Infrastructure, Costs
TLDR
- Africa’s electric vehicle (EV) sector is growing rapidly, with key players overcoming infrastructure gaps, high production costs, and limited capital
- Startups like BasiGo (Kenya, Rwanda) are introducing pay-as-you-drive models, while Ampersand (Rwanda) targets 5 million e-motorcycles by 2033
- The market is projected to grow at an annualized 7.4% to reach $6.5 billion by 2030, according to 6Wresearch
Africa’s electric vehicle (EV) sector is growing rapidly, with key players overcoming infrastructure gaps, high production costs, and limited capital through innovation and partnerships. The market is projected to grow at an annualized 7.4% to reach $6.5 billion by 2030, according to 6Wresearch.
Startups like BasiGo (Kenya, Rwanda) are introducing pay-as-you-drive models, while Ampersand (Rwanda) targets 5 million e-motorcycles by 2033. SolarTaxi dominates Ghana’s market, and Jet Motor Company (Nigeria) leads in locally manufactured EVs.
Shift EV (Egypt) converts fuel-powered vehicles, while Roam Electric (Kenya) expands e-bus and bike production. Spiro, backed by Afreximbank, has deployed 18,000 e-bikes across seven countries.
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Key Takeaways
African e-mobility startups are reshaping the transport sector by integrating local charging solutions, financing options, and infrastructure investments. Backed by global investors, these companies are scaling across East, West, and North Africa. The success of BasiGo, Ampersand, and Spiro highlights demand for affordable electric transport in public and commercial sectors. While EV adoption remains low compared to global markets, policy incentives, financing solutions, and sustainable energy integration will be key to scaling Africa’s EV ecosystem. With increased venture funding and government backing, Africa’s EV market is positioned for long-term growth, offering potential for both local manufacturing and global partnerships.
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