The South Africa e-Vehicle Charging Infrastructure market is experiencing positive growth over the last few years on account of escalating partnership agreement among charging station infrastructure and EV management systems firm, increasing government initiative such as Green Transport Strategy of the national Department of Transport to promotes introduction of electric and hybrid-electric vehicles, along with spur in government spending towards the development of highway and road connectivity and launch of electric vehicle charging stations by the market players.
Moreover, burgeoning investment in infrastructure
development, introduction of various funding scheme by the government in order
to drive EV charging infrastructure and boost international trade by introducing
tax exemptions on imported electric vehicles to reduce the environmental impact
by curbing the carbon emission are the major factors proliferating the growth
of market in the forthcoming years. Besides these, the South African Automotive
Masterplan 2035 to increase localisation rate of 60% along is expected to
accentuate the growth of the market in the coming years.
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However, the COVID-19 pandemic has impacted the market growth due to disruption in the supply chain, sharp decline in the demand for electric vehicle, temporary closure of the unit and halt on the ongoing projects of EV charging infrastructure. The market is estimated to witness substantial growth once the economy revives.
Based on Application, Roads & Highways is anticipated to attain highest CAGR by 2026 in the South Africa Solar e-vehicle charging infrastructure. The growth of the segment is attributed to burgeoning investment by the government in road infrastructure, rapidly increasing electric vehicle market on road and expansion of Intelligent transport systems to a larger part of the road network.
The key players with a considerable market share in the South Africa include ABB, Schneider Electric, Eaton Corporation, Siemens AG, Leviton Manufacturing Co., Inc., Others etc.
