African EV tax policy takes off 

• Many countries are implementing import duty waivers and tax reductions to lower EV costs.

• VAT exemptions are common across the different regions.

• Our take: African countries should be ambitious yet cautious in their policy approach… Read more (2 min)

Ride-hailing is driving EV adoption

• Ride-hailing companies are increasingly popular across Africa. There is also a growing demand for last-mile delivery.

• Uber is actively working towards a more sustainable operating model by way of strategic partnerships and initiatives tailored to specific markets.

• Our take: Where there is demand, sales follow… Read more (2 min)

Green events for Africa’s mobility leaders

• In the next three months there are 14 high-profile events, including in the African renewables sector, adjacent to mobility, as well as at a global level. Please click here. 

• Yesterday we published a list of events specifically focused on the mobility sector in Africa. In case you missed it, please see here. 

• Our take: No sector is an island, especially not electric mobility… Read more (2 min)

• Leoni AG to construct an auto wiring plant in Egypt: German cable manufacturing firm Leoni AG signed a $42 million agreement with Egypt’s Ministry of Industry to establish an automotive wiring harness plant in Badr, east of Cairo. The facility will cover 13,000 square meters and is expected to create approximately 3,000 jobs. This expansion supports Leoni's North African production capacity and aligns with Egypt’s efforts to attract industrial investment. (Marklines)

• Charging stations market forecast: A new report released yesterday projects that the Middle East and Africa (MEA) EV charging stations market will grow from $162.531 million in 2024 to $380.669 million by 2029, at a CAGR of 18.56%. This growth is driven by rising EV adoption in countries like the UAE, Saudi Arabia, Israel, and South Africa, supported by government policies and investment incentives. (ResearchandMarkets)

• China taps into Africa’s EV market: Chinese EV makers are increasingly investing in Africa, particularly in Egypt. In 2023, China’s EV exports to Africa grew by 291%, a strategic move driven by China’s expanding economic ties with developing countries, not a reaction to Western tariffs. Chinese companies like BAIC Group, Zeekr, and Chery are setting up operations in Egypt and Kenya, aiming to capitalise on Africa's growing EV market. (People’sDailyOnline)