South Africa Electric Vehicle (EV) market is estimated to grow at a CAGR of more than 18.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the market. The EV market is emerging as an integral part of the automotive industry that provides a pathway to achieve a higher level of energy efficiency with a reduced level of pollutant emissions and other greenhouse gases. Furthermore, in South Africa, the EV manufacturer companies are establishing microgrids based on solar that offers a significant opportunity for decentralized charging infrastructure and the introduction of electrified public transport which is providing a is a big opportunity to the market.

A full Report of South Africa Electric Vehicle Market Available at https://www.omrglobal.com/industry-reports/south-africa-electric-vehicle-market
The market is segmented on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on propulsion technology the market is sub-segmented into battery electric vehicle, plug-in hybrid electric vehicle. During the forecast period, plug-in hybrid electric vehicle segment is expected to show a considerable growth rate in the country. Based on battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on battery type, the Li-ion battery is anticipated to witness considerable growth during the forecast period.
Request a Free Report on Sample of South Africa Electric Vehicle Market @ https://www.omrglobal.com/request-sample/south-africa-electric-vehicle-market

Some of the major companies which are contributing to the growth of South Africa’s electric vehicle market include BMW AG, Nissan Motor Co., Volkswagen AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product innovations, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

South Africa Electric Vehicle Market Segmentation

By Vehicle Type

• Commercial Vehicles
• Passenger Cars
• Two-Wheelers

By Propulsion Technology

• Battery Electric Vehicles
• Plug-in Hybrid Electric Vehicle

By Battery Type

• NiMH
• Li-Ion
• Others

Company Profiles

• Audi AG
• BMW AG
• Hyundai Motor Co.
• Kia Motors Corp.
• Mitsubishi Motors Corp.
• Nissan Motor Co.
• General Motors Co.
• Renault Group
• Tata Motors Ltd. (Jaguar)
• Tesla, Inc.
• Volkswagen AG

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/south-africa-electric-vehicle-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com
Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. AnuragTiwari
Email: [email protected]
Contact no: +1 646-755-7667, +91 780-304-0404