CleanTechnica•about 1 month ago
A New Wave Of Disruption Could Be Coming To Africa’s Used Car Ecosystem Courtesy Of More Affordable Brand New Cars From China
Key Takeaway
The influx of affordable new vehicles in Africa signals a significant future increase in electricity demand for transportation and associated infrastructure, creating new opportunities for power sector investment.
AI Summary
- •Africa's vehicle market, currently low in new car sales, is poised for significant disruption by affordable new Chinese vehicles, potentially increasing overall vehicle penetration.
- •This trend suggests a future increase in electricity demand for transportation, particularly if these new vehicles are electric or more efficient hybrids, requiring substantial charging infrastructure development.
- •For power developers and large consumers, this presents opportunities in building out EV charging networks, grid modernization, and potentially new generation capacity to support a growing electrified transport sector.
- •The shift could prompt African governments to develop new policies and regulations around EV adoption, charging standards, and grid integration, impacting future energy planning.
Topics
emissionsoempolicy
Article Content
In a global market where around 80 million brand new vehicles are sold per year, and just over 1 million of these are sold in Africa (about 1.3%), it is not surprising that traditional automakers have generally treated most countries on the African market as markets dominated by “non-consumers.” Traditional ... [continued] The post A New Wave Of Disruption Could Be Coming To Africa’s Used Car Ecosystem Courtesy Of More Affordable Brand New Cars From China appeared first on CleanTechnica .