International Journal of Entrepreneurship (Print ISSN: 1099-9264; Online ISSN: 1939-4675)


Partnership Strategies in Global Entrepreneurship: How Does South Korea Participate In African Electric Vehicles Market Development

Author(s): Olga A. Shvetsova, Mokom BRENDA

 Electric vehicles enhance transportation cost, pollution, car maintenance, energy efficiency properties, economic sustainability, among others. As many developed countries, if not all, are moving to completely ban Internal Combustion Engine (ICE) and fully engage in electric cars, this paper investigates how the change from internal combustion engine cars to Electrical vehicles may affect the car market in developing countries. To investigate this, a systematic overview of online data using archival analysis of relevant reports and articles related to electric cars in Africa from 2010 to 2020 was performed.

                Results reveal that low-income households, the cost and maintenance of EVs and the sluggish government attitude of most African countries towards electric car adoption may even widen the technological gaps with the developed (advanced) economies in the short-run. This review is important for legislators to comprehend the challenges and prospects related to this change from CEV to electric vehicles because it explains the stability of the EV market and the niches in Africa, including regulations, plans on this new technology, demand structures and prospects for the EVs in this part of the world.

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