The Future of Electric Vehicles is driven by technological innovation,environmental imperatives & evolving consumer behavior.
By 2040, EVs are expected to dominate global markets,reshaping mobility & sustainability.
Several technological advancements namely; improved batteries, fast charging & integrated design, serve as key drivers.
While the African adoption rate of electric vehicles (Evs) is growing, it remains relatively low compared to other global regions.
Yet, the African EV market is expected to generate $85.6 million in revenue in 2024, with a projected annual growth rate of
17.33% from 2024 to 2028.
Several African countries have set ambitious targets and implemented policies to support EV adoption.
By 2040, projections indicate that there could be between 13.5 million and 25 million EVs in sub-Saharan Africa
Infrastructure Expansion- Widespread adoption requires significant investment in charging infrastructure, especially
in Urban areas.
Governments pledged funds to expand public charging networks & provide grants for heavy-duty vehicle purchases.
Only 17% of African countries have 10 or more public charging stations.
IBD Innovative Solutions and Expertise - With 30 years of experience in large industrial electrical
projects, and over 5 years in EV charging stations, and over 4500 stations installed, IBD gained unique expertise and vast experience in the construction, operation, and maintenance of EV charging stations for public and residential use.
Several funding / commercial strategies are available, suitable for governments and investors.