Please Wait.....
Report
South Africa Electric Cars - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2029)
Market Report I 2025-04-28 I 182 Pages I Mordor Intelligence
The South Africa Electric Cars Market size is estimated at 3.53 billion USD in 2025, and is expected to reach 5.77 billion USD by 2029, growing at a CAGR of 13.04% during the forecast period (2025-2029).
The South African electric car market is on the cusp of acceleration, propelled by increasing environmental awareness and government incentives for cleaner transportation options
- As of early 2023, South Africa was at a nascent stage in the adoption of electric vehicles (EVs). The market penetration of electric cars in South Africa remained low compared to global standards, primarily due to several factors, including the high cost of EVs, limited charging infrastructure, and the lack of substantial government incentives to lower these barriers. Despite these challenges, there was a growing interest among consumers and businesses in cleaner transportation options, driven by an increased awareness of environmental issues and the global shift toward sustainability.
- Challenges facing the South African electric car market are significant but not insurmountable. High import taxes on electric vehicles make them considerably more expensive than their internal combustion engine counterparts, which discourages potential buyers. The development of a widespread and reliable charging infrastructure is another critical challenge. As of the last analysis, the country's charging network was primarily located in major cities and along some parts of the national highways, limiting the practicality of EV use for long-distance travel and in rural areas. Despite these hurdles, the future of the South African electric car market is promising.
- The South African government has started to recognize the importance of transitioning to a greener economy and has begun to implement policies that could support the growth of the EV market. These include potential tax incentives for electric vehicle buyers and investments in charging infrastructure. Moreover, local initiatives and partnerships between the private sector and government agencies are underway to increase the accessibility and affordability of electric vehicles.
South Africa Electric Cars Market Trends
South Africa is experiencing a steady rise in vehicle electrification across all segments, with future forecasts suggesting significant growth by 2030, emphasizing the nation's dedication to sustainable mobility, carbon emission reduction, and alignment with global electrification trends
- The automotive sector in South Africa is witnessing a notable push toward electrification. In the passenger cars segment, the electrification rate stood at 2% in 2022 and 4% in 2023. Light commercial vehicles' (LCVs) electrification percentage rose from 0.20% in 2022 to 1.09% in 2023. The medium and heavy-duty truck (M&HDT) category, though slower to adopt, initiated its foray into electrification in 2023, starting at a 0.10% rate. Buses, a vital component of public transportation, are transitioning as well, with their electrification rate forecasted to climb from 0.50% in 2022 to 1.96% in 2023.
- From 2017 to 2022, South Africa showcased a growing commitment to greener transportation. The electrification rate for passenger cars surged from 2% in 2017 to 5% by 2022. LCVs witnessed a similar trend, with their electrification rate expanding from 0.20% in 2017 to nearly 2% in 2022. While the M&HDT category remained largely untouched by electrification until 2022, it did exhibit a nascent interest, starting at a 0.10% rate. In contrast, the two-wheeler segment, known for its affordability, saw a significant jump in electrification, from 1.50% in 2017 to 7.81% in 2022.
- From 2024 to 2030, South Africa is poised for a steady surge in vehicle electrification across all segments. Projections indicate that by 2030, electrified passenger cars will make up 12% of the market. LCVs are expected to hit a 6% electrification rate, while the M&HDT segment is expected to expand its electric fleet, reaching 4% by 2030. Buses, crucial for sustainable urban mobility, are anticipated to achieve a 10% electrification rate by 2030. The two-wheeler segment, prized for its efficiency and affordability, is forecasted to make a significant leap, reaching a 22% electrification rate by 2030.
South Africa Electric Cars Industry Overview
The South Africa Electric Cars Market is fairly consolidated, with the top five companies occupying 78.88%. The major players in this market are Audi AG, Bayerische Motoren Werke AG, Daimler AG (Mercedes-Benz AG), Toyota Motor Corporation and Volvo Car AB (sorted alphabetically).
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 EXECUTIVE SUMMARY & KEY FINDINGS
2 REPORT OFFERS
3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study?
3.3 Research Methodology
4 KEY INDUSTRY TRENDS
4.1 Population
4.2 GDP Per Capita
4.3 Consumer Spending For Vehicle Purchase (cvp)
4.4 Inflation
4.5 Interest Rate For Auto Loans
4.6 Shared Rides
4.7 Impact Of Electrification
4.8 EV Charging Station
4.9 Battery Pack Price
4.10 New Xev Models Announced
4.11 Used Car Sales
4.12 Fuel Price
4.13 Oem-wise Production Statistics
4.14 Regulatory Framework
4.15 Value Chain & Distribution Channel Analysis
5 MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
5.1 Vehicle Configuration
5.1.1 Passenger Cars
5.1.1.1 Hatchback
5.1.1.2 Multi-purpose Vehicle
5.1.1.3 Sedan
5.1.1.4 Sports Utility Vehicle
5.2 Fuel Category
5.2.1 BEV
5.2.2 FCEV
5.2.3 HEV
5.2.4 PHEV
6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 Audi AG
6.4.2 Bayerische Motoren Werke AG
6.4.3 Daimler AG (Mercedes-Benz AG)
6.4.4 Ferrari NV
6.4.5 Honda Motor Co. Ltd.
6.4.6 Jaguar Land Rover Limited
6.4.7 Porsche
6.4.8 Toyota Motor Corporation
6.4.9 Volvo Car AB
7 KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
8 APPENDIX
8.1 Global Overview
8.1.1 Overview
8.1.2 Porter's Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Market Dynamics (DROs)
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security