This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. For the automotive industry, that’s a significant opportunity. Today, Morocco and South Africa are leading the way as major players in the automotive sector, making up 80% of African exports, with Algeria also experiencing rapid growth. Reduced tariffs across the continent for inputs like aluminum from Mozambique or rubber in Cote d’Ivoire will mean the African industry as a whole becomes more dynamic. Africa could be a key region for promoting sustainable mobility by harnessing renewable energy as demand for electric vehicles and motor vehicles grows.

Source: The North Africa Journal April 05, 2023 12:15 UTC