Burkina Faso Electric Vehicle market currently, in 2023, has witnessed an HHI of 9597, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies fro Contact online >>
Burkina Faso Electric Vehicle market currently, in 2023, has witnessed an HHI of 9597, Which has decreased substantially as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
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Although the majority of electric 2&3W vehicles are currently centred in Asia, this industry is anticipated to grow significantly in Africa over the following few years.
The examination of the electrification of two- and three-wheelers in the Sahel, with a concentration on Bamako (Mali) and Ouagadougou in order to comprehend the impact of this transformation and address any issues (Burkina Faso).
The Burkina Faso Electric Vehicle Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
Small cars like the 2&3W are probably where the switch to electric mobility in African towns will begin. There are numerous explanations behind that.
First off, two-wheelers are already the main means of transportation in many Sahelian cities, and indications indicate that this tendency will continue.
Today, 2&3Ws make up two out of every three cars in Bamako and three out of every four cars in Ouagadougou. Second, because smaller cars are obviously less expensive to buy, they are more desirable to low-income citizens who have fewer financing alternatives.
Last but not least, unlike electric automobiles or buses, most two-wheelers can be quickly recharged in a few hours using a regular socket at home or in a business. As a result, they do not require the construction of substantial charging infrastructure to be a practical mode of transportation.
In Sahelian cities, electric 2&3W provide a significant chance to reduce CO2 emissions and air pollution. In Ouagadougou and Bamako today, automobiles with internal combustion engines account for 60 to 75 percent of dangerous air pollutants and more than 50 percent of all CO2 vehicle emissions.
In Burkina Faso and Mali, respectively, ambient (outdoor) air pollution caused the loss of 357,039 and 396,308 years of “healthy” life.
Speaking to just-auto, GlobalData analyst Al Bedwell says that 2022 saw good growth in light vehicle electrification in most regions of the world.
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