Egypt Electric Vehicle Market Introduction and Overview
According to SPER Market Research, the Egypt Electric Vehicle Market is estimated to reach USD 9.42 billion by 2033 with a CAGR of 18.11%.
The report includes an in-depth analysis of the Egypt Electric Vehicle Market, including market size and trends, product mix, applications, and supplier analysis. Electric vehicles, or EVs for short, are cars that run entirely or mostly on electricity. Electric motors and rechargeable batteries power EVs instead of the gasoline or diesel that conventional internal combustion engine vehicles run on. Because of this basic distinction, EVs have a number of benefits over traditional cars. These benefits include fewer greenhouse gas emissions, which help to create a cleaner environment, lower operating costs because electricity is typically less expensive than fossil fuels, and quieter operation, which makes for a more enjoyable driving experience. These advantages are what are driving the shift to electric vehicles (EVs), which are becoming a more and more appealing choice for both consumers and policymakers.
- March 2024; The expansion of EV charging infrastructure throughout large cities, such as Cairo and Alexandria, is the subject of a significant endeavor. To accommodate the increasing number of EVs, fast-charging stations are being installed in strategic locations.
- April 2024; Egypt established local assembly plants through cooperation with top international electric vehicle manufacturers, including BYD and Tesla. Pharaoh Motors and Pyramid Electric Vehicles are in favor of this initiative, which attempts to increase regional output and open up job prospects in the EV industry.
Market Opportunities and Challenges
Opportunities- The performance and convenience of electric cars (EVs) could be further improved by ongoing technological progress, such as the development of solid-state batteries and wireless charging technology. Solid-state batteries answer major issues for electric vehicle buyers by providing superior safety, faster charging times, and more energy density than conventional lithium-ion batteries. With the use of wireless charging technology, physical connections are no longer necessary, making charging more convenient and user-friendly. It is anticipated that these developments would make EVs more appealing to a wider spectrum of consumers, opening up new growth prospects for the industry.
Challenges- When compared to conventional gasoline-powered vehicles, electric vehicles' (EVs) operating range is still constrained, despite advances in battery technology. For prospective EV purchasers, range anxiety the worry of running out of energy before reaching a charging station remains a major concern. Even if the majority of contemporary EVs have enough range for daily driving, longer trips necessitate careful planning or access to charging stations along the way. This restriction may discourage buyers who value flexibility and ease. To allay these worries and increase the appeal of EVs to drivers, faster charging options and improved charging networks are needed.
Market Competitive Landscape
The Egypt Electric Vehicle market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Arab Electric Vehicle Company, Egy Mobility, EgyptEV, Electra Vehicles, Green Car Egypt, Nile EV, Pharaoh Motors, Pyramid Electric Vehicles, Sphinx Electric Cars, and Tutankhamun EV are some of the key players shaping the electric vehicle market in Egypt.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Vehicle Type, By Propulsion, By Range.
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| Regions covered | Northern Region, Central Region, Eastern Region, Western Region, Southern Region.
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| Companies Covered | Arab Electric Vehicle Company, Egy Mobility, EgyptEV, Electra Vehicles, Green Car Egypt, Nile EV, Pharaoh Motors, Pyramid Electric Vehicles, Sphinx Electric Cars and Tutankhamun EV.
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COVID-19 Impact on Egypt Electric Vehicle Market
Egypt's electric vehicle (EV) market growth was initially hindered by the COVID-19 epidemic because of supply chain disruptions and unstable economic conditions. But it also quickened the government's quest for more environmentally friendly transportation. Following the epidemic, EVs have garnered greater attention as a greener, more sustainable vehicle choice. To promote the use of EVs, the government has implemented laws and incentives such as tax breaks and plans for infrastructure for charging.
Key Target Audience:
- Environmentally Conscious Consumers
- Tech-Savvy Consumers
- Automotive Dealerships
- Government and Public Sector
Our in-depth analysis of the Egypt Electric Vehicle Market includes the following segments:
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By Vehicle Type:
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Two-wheeler
Passenger Car
LCV
M&HCV
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By Propulsion:
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BEV
PHEV
FCEV
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By Range:
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0-50 Miles
51-150 Miles
151-200 Miles
201-400 Miles
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Key Topics Covered in the Report:
- Egypt Electric Vehicle Market Size (FY’2024-FY’2033)
- Overview of Egypt Electric Vehicle Market
- Segmentation of Egypt Electric Vehicle Market by Vehicle Type (Two-wheeler, Passenger Car, LCV, M&HCV)
- Segmentation of Egypt Electric Vehicle Market by Propulsion (BEV, PHEV, FCEV)
- Segmentation of Egypt Electric Vehicle Market by Range (0-50 Miles, 51-150 Miles, 151-200 Miles, 201-400 Miles)
- Statistical Snap of Egypt Electric Vehicle Market
- Expansion Analysis of Egypt Electric Vehicle Market
- Problems and Obstacles in Egypt Electric Vehicle Market
- Competitive Landscape in the Egypt Electric Vehicle Market
- Impact of COVID-19 and Demonetization on Egypt Electric Vehicle Market
- Details on Current Investment in Egypt Electric Vehicle Market
- Competitive Analysis of Egypt Electric Vehicle Market
- Prominent Players in the Egypt Electric Vehicle Market
- SWOT Analysis of Egypt Electric Vehicle Market
- Egypt Electric Vehicle Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Egypt Electric Vehicle Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Egypt Electric Vehicle Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Egypt Electric Vehicle Market
7. Egypt Electric Vehicle Market, By Vehicle Type (USD Million) 2020-2033
7.1. Egypt Electric Vehicle Market Size, Share and Forecast, By Vehicle Type, 2020-2026
7.2. Egypt Electric Vehicle Market Size, Share and Forecast, By Vehicle Type, 2027-2033
7.3. Two-wheeler
7.4. Passenger Car
7.5. LCV
7.6. M&HCV
8. Egypt Electric Vehicle Market, By Propulsion (USD Million) 2020-2033
8.1. Egypt Electric Vehicle Market Size, Share and Forecast, By Propulsion, 2020-2026
8.2. Egypt Electric Vehicle Market Size, Share and Forecast, By Propulsion, 2027-2033
8.3. BEV
8.4. PHEV
8.5. FCEV
9. Egypt Electric Vehicle Market, By Range (USD Million) 2020-2033
9.1. Egypt Electric Vehicle Market Size, Share and Forecast, By Range, 2020-2026
9.2. Egypt Electric Vehicle Market Size, Share and Forecast, By Range, 2027-2033
9.3. 0-50 Miles
9.4. 51-150 Miles
9.5. 151-200 Miles
9.6. 201-400 Miles
10. Egypt Electric Vehicle Market Forecast, 2020-2033 (USD Million)
10.1. Egypt Electric Vehicle Market Size and Market Share
11. Egypt Electric Vehicle Market, By Region, 2020-2033 (USD Million)
11.1. Egypt Electric Vehicle Market Size and Market Share By Region (2020-2026)
11.2. Egypt Electric Vehicle Market Size and Market Share By Region (2027-2033)
11.3. Northern Egypt
11.4. Central Egypt
11.5. Southern Egypt
11.6. Eastern Egypt
11.7. Western Egypt
12. Company Profile
12.1. ABOU GHALY MOTORS
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. AL-FUTTAIM GROUP
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. AUTO GROUP
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. BAVARIAN AUTO GROUP
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. BYD EGYPT
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. EL MASRIA AUTO
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. GHABBOUR AUTO
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. KAYAN EGYPT
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. MANSOUR AUTOMOTIVE
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
