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

3/23/2026

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Story summary
  • Africa's electric vehicle market is projected to reach $4.2 billion by 2030.
  • Tunisian startup Bako Motors produces solar-powered vehicles, including the B-Van and Bee.
  • The B-Van costs about $8,500 and the Bee costs about $6,200.
  • Bako Motors sources more than 40% of its parts locally and aims to produce 8,000 vehicles annually by 2026.