Electric Car Sales Increasing In South Africa
South Africa’s car market is shifting gears as electric vehicle (EV) sales soar to unprecedented heights. In 2024, the country hit a milestone, registering over 1,000 fully electric cars in a single year for the first time. This landmark moment signals a promising future for sustainable motoring, with EVs steadily moving from niche to mainstream in South Africa.
Let’s explore what’s driving this growth and how it’s shaping the local automotive landscape.
A Surge In EV Sales
It’s been a record-breaking year for EV sales in South Africa. Between January and October 2024, 1,130 fully electric vehicles were registered – a 22% increase compared to 2023. To put that into perspective, it’s more than double the number registered in 2022.
This surge can be attributed to several factors, including the doubling of EV models priced under R1 million, from four to eight. Affordable options like Volvo’s EX30 and BYD’s Dolphin hatchback are making EV ownership more accessible to middle-class South Africans.
Traditional hybrids also deserve a nod, as they lead the charge in new energy vehicle (NEV) sales. With 10,739 hybrids sold in the first ten months of 2024, this category has grown by a whopping 66%. Plug-in hybrids (PHEVs) have seen an even sharper proportional rise, climbing 60% in the same period.
Why EV Sales Are Gaining Momentum
The growing variety of EV models, improved affordability, and evolving consumer attitudes toward sustainability are all contributing to this surge. South Africans are beginning to see EVs as a viable alternative to traditional combustion engines.
Government policies also play a key role. Recent incentives, such as a 150% tax deduction for investments in electric and hydrogen vehicle production, are attracting automakers to set up shop locally. While these incentives focus primarily on manufacturing, they lay the groundwork for long-term market expansion.
The introduction of more charging stations and South Africa’s rich reserves of battery-essential minerals like manganese and nickel further bolster the sector. These elements position the country as a strategic player in the global EV supply chain.
Brands Powering The EV Revolution
Two key players dominate South Africa’s EV market: BMW and Volvo. Together, they accounted for 992 of the 1,130 EVs registered by October 2024. Volvo’s EX30 crossover has been a game-changer, combining affordability with impressive performance. Starting at under R800,000, it delivers a zero-to-100km/h sprint in just 5.7 seconds, making it a popular choice among local buyers.
Chinese automaker BYD is also making waves with models like the Dolphin hatchback and Atto 3 compact SUV. Priced from R539,990, the Dolphin is the country’s most affordable EV capable of reaching 120km/h. With more models expected in 2025, BYD is poised to become a formidable competitor.
Challenges On The Road Ahead
Despite these gains, the road to widespread EV adoption isn’t without potholes. High import levies and luxury taxes on EVs make them pricier in South Africa compared to other markets. Additionally, the scarcity of rapid-charging infrastructure continues to fuel concerns about range and convenience.
Affordability remains a significant barrier. While EV prices are dropping globally, they’re still out of reach for many South Africans. Traditional hybrids, with their lower cost and established reputation, continue to outpace fully electric models in sales.
The Used EV Market Is Growing (YAY!)
As EV adoption accelerates, the market for pre-owned electric cars is starting to emerge. This presents an exciting opportunity for budget-conscious buyers to make the leap to electric driving.
Used EVs often retain their battery warranties, offering peace of mind for second-hand owners. Plus, as more new EVs hit the roads, a wider variety of models will become available in the used car market. This trend could make EV ownership a reality for even more South Africans.
South Africa’s Bright Electric Future
The rise in EV sales marks the beginning of a transformative era for South Africa’s automotive industry. With local policies supporting NEV production, a growing range of models, and increasing consumer interest in sustainable transportation, the momentum is undeniable.
If you’re curious about exploring EV options—or any other vehicles—keep an eye on Group1 Cars. We’re excited to see how this shift will shape the pre-owned market, making innovative technologies more accessible to South African drivers.
Check back soon for the latest news and updates on used cars, demo vehicles, and the ever-evolving world of motoring. You might just find the perfect pre-owned electric car waiting for you!
