EVs Could Be Cheaper To Own Than Gas Cars in Africa by 2040

Source: Slashdot

Overview

Electric vehicles accounted for just 1 % of new car sales across Africa in 2025, but a study published in Nature Energy by researchers at ETH Zurich finds that EVs paired with solar off‑grid charging systems—solar panels, batteries, and an inverter—could become cheaper to own than gas‑powered equivalents across most of the continent by 2040.

Cost Analysis

The analysis considered total cost of ownership, including sticker price, financing, and fuel or charging costs, while excluding policy‑related factors such as taxes and subsidies.

Vehicle Segments

• Electric two‑wheelers could reach cost parity even sooner, by the end of the decade, thanks to smaller battery packs.
• Small cars remain the toughest segment for achieving parity.

Financing Challenges

The biggest obstacle is financing: in some African countries, political instability and economic uncertainty push borrowing costs so high that interest on an EV loan can exceed the vehicle’s purchase price. South Africa, Mauritius, and Botswana are already near the financing conditions needed for cost parity, whereas countries like Sudan and Ghana would require drastic cuts.