BYD captures 35% of Africa's EV market as Tesla enters via Morocco, IEA report says
Chinese automaker BYD has dramatically increased its market share in Africa's EV market from 4% in 2023 to 35% in 2025, according to the IEA's Global EV Outlook 2026 report. The report also predicts a continental sales boost due to the prolonged closure of the Strait of Hormuz. Meanwhile, Tesla is entering the African market as a latecomer, betting on Morocco as a strategic location.
Key quotes
Chinese automaker BYD Company Ltd has significantly strengthened its presence in Africa's emerging electric vehicle (EV) market, increasing its market share to 35% in 2025 from just 4% two years prior
The Global EV Outlook 2026 report, published by the International Energy Agency (IEA), predicts a continental bump in sales owing to the prolonged closure of the Strait of Hormuz
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