Econet Wireless founder Strive Masiyiwa has dared the next big entrepreneurs to look into opportunities brought about by the emerging electric vehicle industry. For government and vehicle owners, the electric vehicle will reduce costs.
Speaking today in his post, the business mogul nudged entrepreneurs to start preparing for this huge industry, warning that it’s not an industry for developed countries alone but also a great opportunity for Africa as he hinted that VW is coming to Rwanda.
Masiyiwa said local players must start thinking around supplying raw materials, with Zimbabwe having the largest deposits of lithium used in battery manufacturing.
Other opportunities, he said, lie in electric vehicle servicing.
This is one of the coolest adaptation solutions that have emerged.
Here are some cool facts:
1. Most industrialized countries, including China, EU, have announced that they will ban the sale of petrol and Diesel engine cars from 2030.
2. The Chinese city of Shenzhen has more than 2m electric cars on its roads.
3. Most electric cars now have a range of more than 300km, after a charge which can be done at home using a normal electric socket.
4. Almost every major vehicle brand now has an electric version.
Some companies like VW and Volvo have already announced plans to stop producing the diesel and petrol versions from 2025!
5. IF YOU BRING IN AN ELECTRIC CAR INTO ZIMBABWE FOR INSTANCE; IT WILL COST YOU 75% CHEAPER THAN ITS PETROL EQUIVALENT!
Here are the maths:
~Duty on a car brought into Zimbabwe is 100%.
~Cost of an EV is 25% of rthan its petrol equivalent.
So it will cost you 75% less!
Second hand EVs are ALREADY available in Japan, EU, and China.
If you consider the cost of running and maintenance:
You don’t buy petrol!
An EV has fewer moving parts and therefore costs less to maintain!
The entrepreneurial opportunities from EVs, as they emerge in Africa is going to be explosive!!!
Just think about it!
The problem for a lot of people is that they will want to see before they believe a possibility, and by then others have already enjoyed the first mover advantage!
VW is planning to build an EV assembly plant in Rwanda.
Don’t say I did not warn you!
There are entrepreneurs rushing to locate a position in anything from servicing, to distribution. Others want to produce batteries.
What opportunities are you seeing?
Don’t be so dumb as to write it here and give away your idea;
just DO It!