Connect with us


Business

Top 10 African Countries Leading in Electric Vehicle Adoption

Published

rXvktkpTURBXy8zZDIwN2Y2OGE4MTY0MmVjZjA1MmNiMDVkYzQ5NjRlOC5qcGeSlQMAAM0KAM0FoJMFzQSwzQJ2

Top 10 African Countries Leading in Electric Vehicle Adoption, According to Mordor Intelligence, the size of Africa’s electric vehicle market in 2024 is estimated at $15.80 billion and is expected to hit $25.40 billion by 2029.

Globally, China, Europe and the USA lead other countries as the largest markets for electric vehicles and the combined sales of EVs in all three countries accounted for around 95% of all EV sales in 2023.

Advertisement

Despite having the lowest EV adoption rate globally, some African countries boast of some impressive advancements in the adoption of EV with partnership from the government and the private sector.

Africa however, has peculiar problems which may hamper the full adoption of EV in the continent. These issues range from high cost of conversion, lack of adequate enabling infrastructure such as charging points, high cost of capital, competition from second-hand imports, low energy access, poor power grid infrastructure, and a legacy of depending on fossil fuels.


Join Our WhatsApp Group

Don’t miss out on any real-time information. Join our WhatsApp group to stay updated.

CLICK HERE TO JOIN


Advertisement

The list below in no particular order, shows African countries that currently have a robust adoption rate for electric vehicles;

South Africa

South Africa’s infrastructure advancement and developed manufacturing industry makes it an ideal hub for EV manufacturing. As of 2020, there were 6000 EVs in the country.

Advertisement

Morocco

Morocco’s EV fleet as at 2023 was put at 10,000. The country currently produces more vehicles than South Africa while its auto industry accounts for 22% of GDP and $14 billion in exports.

Kenya.

Kenya currently hosts the continent’s largest e-mobility start-up ecosystem with an investment ecosystem that shows increasing interest in e-mobility. The country’s EV registration (3,753) however, accounted for just 1.7% of new vehicle sales in the country.

Advertisement

Tanzania

Tanzania has fast become a force in Africa’s EV market. A 2023 report by the Africa E-mobility alliance put the number of EVs in Tanzania at 5000 vehicles.

Angola

Advertisement

Angola also boasts of having one of the largest EV adoption in Africa with 1000 units according to the Africa E-Mobility Alliance with an additional 2000 EV imports from the United States in 2024.

Ghana

Ghana recorded an impressive 17,000 EV units including two and three-wheelers according to government data. The country also has one of the largest EV four-wheeler fleets in Africa, with about 1,000 tracked in the Africa E-mobility Alliance’s 2023 report.

Advertisement

Rwanda

As at 2022, Rwanda had about 900 EVs listed in its database. This number has sharply risen to about 1,182 include two, three and four wheelers.

Egypt

There has been a sharp rise in the number of EVs in Egypt rising from 1800 recorded in 2021, to between 3500 and 4000 EVs in 2023.

Advertisement

Ethiopia

The growth of EVs in Ethiopia has been linked to favourable government policies. According to estimates from Cleantechnica.com, there were about 5000 to 7000 EVs plying Ethiopian roads

Benin

Advertisement

Benin is also emerging as a force in EV adoption with the presence of over 3000 electric vehicles, mainly electric motorcycles.

The data on Nigeria’s EV market is currently not available but sales data from one of the top automobile companies, Stallion Motors showed it had only sold 120 units of Kona, (Nigeria’s first EV) since its launch in 2020.

Nigeria is yet to make its presence felt in the EV market despite its large population and large tech market base although some indigenous companies like Innoson, have made some advanced progress with their EV manufacturing plant.

Advertisement

According to Cornel Osigwe, the company’s Head of Corporate Communications, Innoson is in the process of releasing the first set of its EVs which are currently still undergoing final certification and approval tests by the company’s quality control department for sales.


Turo247News is on WhatsApp!

CLICK HERE TO JOIN

Share News with us via Email: turo247newz.com@gmail.com

Join Our Social Media Channels
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

How Nwoke provides solutions to entrepreneurs’ challenges

Published

on

IMG 20250320 WA0017

Despite the Japa syndrome plaguing Nigeria as many able-bodied and well-educated youths have left Nigeria for greener pastures elsewhere, some

read more How Nwoke provides solutions to entrepreneurs’ challenges


Turo247News is on WhatsApp!

CLICK HERE TO JOIN

Share News with us via Email: turo247newz.com@gmail.com

Join Our Social Media Channels
Continue Reading

Business

Crypto Revolution Ahead – Top 10 Best Cryptos to Buy in 2025 That Could Skyrocket in Value

Published

on

2c172b51 a10a 47b3 ae1f 94b60976141a

The crypto market is buzzing with potential as new and existing projects continue to shape the future of decentralized finance (DeFi), NFTs, and beyond. The opportunities are vast for anyone looking to buy in this week, but knowing where to place your bets can be challenging with so many options available. 

If you’re scoping out the top 10 best cryptos to buy in 2025, you’ve come to the right place. Whether it’s new projects or tried-and-true giants, this list has something for every type of crypto enthusiast.

In the last few months, crypto has been the talk of the town, and 2025 promises to be another year of groundbreaking developments. But what makes this year different? Qubetics ($TICS) is poised to take things to the next level with its unique approach to solving the pain points that previous projects couldn’t entirely fix. It’s all about finding solutions in the blockchain space that work for real-world applications. If you’re looking for a promising token with solid potential, keep your eye on Qubetics—it could just be the ticket.

1. Qubetics ($TICS): A Game Changer for DeFi and Beyond

Qubetics is not your typical DeFi project. It’s designed to address the challenges other blockchain projects have struggled to solve. Qubetics has been generating quite a buzz lately, especially since it’s crypto presale entered its 26th stage. With over 501 million tokens already sold and over $15.2 million raised, Qubetics is on a fast track to something special.

Advertisement

Latest Developments Around Qubetics

One of the most exciting developments around Qubetics is its integrated development environment (IDE) called QubeQode IDE. This tool is a massive deal for anyone looking to build decentralized applications (dApps) within the Qubetics ecosystem. It simplifies the development process, making it accessible from individual developers to enterprises. On the top 10 best cryptos to buy, Qubetics is focused on creating a seamless multi-chain environment, allowing projects to interact smoothly across different blockchain networks.

The presale numbers speak volumes about the trust and anticipation surrounding Qubetics. So far, more than 23,400 holders are backing the project, and the momentum is growing. Analysts predict that post-presale, the price could soar to $1—an ROI of 746%. With the mainnet launch on the horizon, the cost could shoot up to $5 or even $15, with projected ROIs reaching as high as 12,590%.

Why Did This Coin Make It to This List?

Qubetics’ promise lies in its real-world applications, which are backed by its innovative technology and growing community. If you’re looking for a high-potential coin with a strong track record in presale performance, Qubetics should be on your radar.

2. Bitcoin (BTC): The King of Crypto

When it comes to cryptocurrencies, Bitcoin is the undisputed leader. While many altcoins have risen in popularity, Bitcoin remains the gold standard and continues to set the tone for the entire market. Bitcoin’s brand recognition, security, and history make it a safe bet for anyone looking to get involved in crypto.

Bitcoin’s recent price fluctuations have been largely influenced by macroeconomic factors, including inflation concerns and regulatory discussions. However, Bitcoin continues to be seen as a hedge against inflation and an alternative to traditional fiat currencies. In 2025, Bitcoin is expected to see more institutional adoption, particularly with companies beginning to include BTC in their treasury reserves. Furthermore, Bitcoin’s scalability improvements, like the Lightning Network, make it more practical for everyday use, offering faster and cheaper transactions.


Join Our WhatsApp Group

Don’t miss out on any real-time information. Join our WhatsApp group to stay updated.

CLICK HERE TO JOIN


Advertisement

3. Ethereum (ETH): The Smart Contract Pioneer

Ethereum revolutionized the blockchain world by introducing smart contracts, and it continues to hold its ground as the most widely used blockchain for decentralized applications (dApps). Ethereum 2.0 is an upgrade that promises to scale the network, reduce energy consumption, and improve transaction speeds, making it a top contender for 2025.

The Ethereum 2.0 upgrade, which transitions the network from proof-of-work (PoW) to proof-of-stake (PoS), has already started to show significant improvements. Ethereum’s scalability has increased with the introduction of sharding, and the Ethereum Virtual Machine (EVM) is becoming more efficient in processing transactions. Ethereum also remains the leader in the NFT space, with the most significant marketplaces and projects being built on its blockchain.

4. Solana (SOL): Fast, Scalable, and Efficient

Solana is all about speed and scalability. Designed to solve some of the most pressing issues of blockchain technology—specifically transaction speed and cost—Solana has emerged as one of the most popular alternatives to Ethereum. The Solana blockchain boasts high throughput, enabling it to process thousands of transactions per second, making it perfect for decentralized finance (DeFi) applications.

Solana’s network continues to grow rapidly, attracting a wide range of developers to build on its blockchain. The Solana Foundation has been investing heavily in expanding its ecosystem, and the network’s low transaction fees make it an attractive choice for DeFi and NFT projects. Despite some setbacks with network outages in the past, Solana’s developers have been working tirelessly to improve the platform’s stability and security.

With major partnerships and integrations, Solana is poised to become one of the top blockchains for decentralized applications, and its increasing adoption in the NFT space gives it an edge over competitors.Solana’s focus on scalability and its rapidly growing ecosystem make it one of the best cryptos to buy in 2025. It’s fast, efficient, and continues to attract major players in the blockchain world.

Advertisement

5. Cardano (ADA): A Sustainable Approach to Blockchain

Cardano stands out for its focus on sustainability and academic rigor. Founded by Ethereum co-founder Charles Hoskinson, Cardano aims to provide a secure and scalable blockchain for the future. With a scientific approach to blockchain development, Cardano has earned respect for its research-driven methodology.

Cardano’s Alonzo upgrade, which introduced smart contract functionality to the network, has positioned it as a strong competitor to Ethereum. The network has also focused on scalability with its Ouroboros PoS consensus mechanism, which offers a more energy-efficient solution compared to PoW. As of 2025, Cardano has made significant strides in gaining adoption in developing markets, particularly in Africa, where it’s being used for various educational and governmental applications.

6. Avalanche (AVAX): The High-Speed Blockchain Solution

Avalanche is one of the fastest blockchains on the market, offering sub-second finality and the ability to scale without compromising on decentralization. Its unique consensus mechanism, Avalanche-X, enables rapid transaction processing, making it ideal for DeFi applications.

7. Polkadot (DOT): Connecting Blockchains for the Future

8. Near Protocol (NEAR): A Developer-Focused Blockchain


Turo247News is on WhatsApp!

CLICK HERE TO JOIN

Share News with us via Email: turo247newz.com@gmail.com

Join Our Social Media Channels
Continue Reading

Business

Gene Hackman and the frightful underbelly of Alzheimer’s Disease

Published

on

Untitled design 49 1 1

Eugene Allen Hackman has been considered as one of the greatest American actors of his generation. His acting career spanned

read more Gene Hackman and the frightful underbelly of Alzheimer’s Disease


Turo247News is on WhatsApp!

CLICK HERE TO JOIN

Share News with us via Email: turo247newz.com@gmail.com

Join Our Social Media Channels
Continue Reading