EV prices rise in Nigeria and South Africa

From the newsletter

Average electric vehicle prices have increased in Nigeria and South Africa in October, according to an analysis by Mobility Rising. But while a number of vehicles became dearer — not all did. We analysed prices from four key markets: Kenya, Nigeria, South Africa and Egypt. EV prices in Egypt and Kenya remained stable during the period. 

• Every month we collect data for the three most popular electric motorcycles or scooters in each of the four countries as well as the three most popular electric cars. We calculate averages and compare this to past data. 

• Our analysis reveals that prices for the same EV models continue to diverge greatly from market to market across Africa. This is despite the continent’s reliance on imported EVs, especially cars, from the same sources.  

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