South Africans’ appetite for new-energy vehicles, especially full-electric vehicles (EVs), has increased significantly during the past year, a new analysis of the used-car data from Cars.co.za shows.
“To put it simply, the demand for used hybrid or full-electric vehicles on our site outstrips supply,” said Hannes Oosthuizen, consumer experience manager at Cars.co.za.
“When we compared data from the first six months of 2022 with that of the corresponding period in 2021, we discovered that demand – calculated with the use of several key indicators – for hybrids went up by 67.7% year-on-year , while demand for full EVs increased by a staggering 155.5% YoY,” Oosthuizen added.
“We have seen tremendous interest in the new hybrid models of Haval as well. Interestingly, when it comes to this Chinese brand in general, we have seen a demand increase of 367.7% YoY, indicating that there is far more demand relative to stock availability.” South Africa’s automotive sector is in the midst of unprecedented change marked by the continued advancement of New Energy Vehicles , said the National Association of Automobile Manufacturers of South Africa .