Electric vehicle sales in South Africa surged to a record high in 2024, exceeding 1,000 units for the first time. This significant growth is attributed to various factors, including an increase in affordable EV models and government incentives.
Annual sales of electric vehicles (EVs) in South Africa exceeded 1,000 units for the first time ever in 2024. Data from Lighstone Auto and the National Automobile Association of South Africa (Naamsa) showed that 1,130 new EVs were registered in the country between January and October 2024. That is a 22% increase over the 929 registered in the entire 2023 and well over double the 502 registered throughout 2022.
The increase is likely to be much higher over the entire 2024 as car sales tend to pick up in the last few months of the year due to promotions to clear stock and may way for the next year’s models. The increase could potentially be attributed to the number of models available for under R1 million doubling from four to eight. Sales of partially electrified hybrid models have grown even more substantially than fully-electirc models. Sales of plug-in hybrids (PHEVs) jumped from 333 in 2023 to 533 in the first 11 months of 2024, an increase of 60%.More affordable traditional hybrid electric vehicles (HEVs) accounted for the biggest number of new energy vehicles (NEVs).Sales across the three NEV categories increased 60% — from 7,746 to 12,402. The table below provides a breakdown of the number of new energy vehicles sold in South Africa from 2019 to the year-to-date (YTD) in 2024.Two biggest players in a tight rivalry — and one major maker missing992 of the new fully-electric cars registered between January and October 2024 were models from the BMW and Volvo groups.BMW would only need to sell 16 more EVs in the last two months of the year to beat its 2023 sales record.It had already sold over twice as many EVs as in 2023 — when it shifted 181 units — and seemed headed for a tripling based on an average of 49 cars sold per month. Volvo is likely to be the bigger single EV brand of the two, as the BMW Group’s sales include Mini models. Volvo’s big mover has undoubtedly been the EX30 crossover, which was launched in the first quarter of 2024
ELECTRIC VEHICLES SALES SOUTH AFRICA BMW VOLVO HYBRID
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