Pricing Review: Which countries have the cheapest charging prices?

From the newsletter

Egypt has the lowest electric vehicle charging prices, according to an analysis by Mobility Rising which tracked costs in four of Africa’s leading EV markets: Kenya, South Africa, Egypt and Nigeria. The North African country’s charging prices are five times cheaper than South Africa, seven times lower than Kenya, and more than a dozen times cheaper than Nigeria. 

• Egypt’s EV charging prices are among the lowest in Africa and even globally. The country generates a large share of its power from state-owned gas and renewable plants, keeping production costs low. The government also heavily subsidizes electricity. 

• Charging prices matter significantly for EV adoption in Africa as they affect the cost of owning the vehicle. The lower energy costs of EVs are the core financial argument for switching from fuel cars in Africa.  

More details