Why Africa is attracting luxury EV companies

October 07, 2025

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Swedish automaker Volvo has announced that the ES90, its newest electric vehicle, will make its Africa debut in South Africa in 2026. Volvo has commenced production of the ES90, a luxury sedan offering a range of up to 700 km and top speed of 180 km/h. It comes with a 92 kWh battery, which can be charged from 10-80% in 22 minutes with a 300 kW DC charger.  

  • Volvo is the biggest EV company in South Africa, commanding 43% of the market in 2024. The new ES90 expands Volvo’s lineup in the country, positioning it for further dominance.  

  • It highlights the growing number of luxury EVs being introduced to the continent. This follows increased demand in a continent where the number of high networth individuals is accelerating.  

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