Great Business Opportunities in Electric Vehicle/Car Sector In Tanzania.

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The electric vehicle(EV)is an open field in Tanzania. With more than two vehicles.

Tanzania has the most significant number of electric vehicles  than all-electric vehicles in East Africa combined.

The Tanzania market is attractive because there are few players and no market leader. Unlike other saturated sectors, Tanzania’s electric vehicle industry has no  competition.

Another reason the sector has generated interest among investors and entrepreneurs is that Tanzania has a large population and size in East Africa.

If you want to enter the market, here are potential opportunities and challenges in this emerging sector.

Business Opportunities.
Opportunities in the electric vehicle sector in Tanzania are abundant.

The most obvious opportunities are importing, distributing, and servicing vehicles.

As more people start adopting electric cars, the most
profitable opportunities will be building electric vehicle charging stations to ensure accessible charging to customers.

Challenges
Like any other sector, challenges are there in the electric vehicle sector.

1. Lack of consumer awareness.
The first issue is that electric vehicles is a new technology in Tanzania, so users, agents, and even policymakers need more awareness.

2.Funding. The other issue is that we don’t have our own funding mechanism.

3.Lack of Skilled human capital. The lack of technicians with specialized training to service electric vehicles is the most significant stumbling block holding back the sector.

What’s Next?

Dear business builder, building new electrical vehicle business takes work. And it takes work to get all answers by yourself. It’s easy to fall in love with your ideas and lunge ahead at full speed without in-depth evaluation.

That’s why many entrepreneurs, investors, and new proje fail. The solution is to conduct due diligence before investing. You will be able to judge your ideas so you can make decisions about whether to fix problems or drop the project and move on to something better

 

Hussein Boffu runs a consultancy helping elite entrepreneurs reach their goals through actionable business planning. Contact him via email at hussein.boffu@tanzanapetroleum.com or by calling, texting, or WhatsApp at +255(0)655376543.