Story perspectives

Africa's EV Market to Hit $4.2 Billion by 2030

3/12/2026

Summary

Story summary

Africa's electric vehicle market is projected to reach $4.2 billion by 2030, according to Mordor Intelligence.
Tunisian startup Bako Motors produces solar-powered vehicles, including the B-Van and Bee, to extend battery life.
The B-Van costs 24,990 Tunisian dinar ($8,500) and the Bee 18,264 Tunisian dinar ($6,200).
Bako Motors aims to manufacture 8,000 vehicles annually by 2026 and target 5–10% of Africa's 1 million-vehicle market, emphasizing local sourcing and job creation.

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Story summary

Africa's electric vehicle market is projected to reach $4.2 billion by 2030, according to Mordor Intelligence.
Tunisian startup Bako Motors produces solar-powered vehicles, including the B-Van and Bee, to extend battery life.
The B-Van costs 24,990 Tunisian dinar ($8,500) and the Bee 18,264 Tunisian dinar ($6,200).
Bako Motors aims to manufacture 8,000 vehicles annually by 2026 and target 5–10% of Africa's 1 million-vehicle market, emphasizing local sourcing and job creation.