EVs could be cheaper to own than gas cars in Africa by 2040

Electric vehicles (EVs) in Africa could become more affordable than gas cars by 2040, according to a new analysis. Despite only 1% of new cars being electric in 2025, with solar off-grid charging, EVs could offer a cheaper ownership experience. Challenges like unreliable grids, limited charging infrastructure, and financing barriers hinder EV adoption in Africa. As battery and vehicle costs decrease, EVs are projected to be cost-competitive with gas vehicles by 2040, especially in countries like South Africa, Mauritius, and Botswana. Solar-based charging systems and improved financing options are crucial to making EVs a viable option in Africa and globally.