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Are Green Cars at the Green Light?

Green Cars
Green Cars

Emerging countries are slowly opting for smart and sustainable cars

Auto
manufacturers have shifted their priorities to not only meet emissions
standards, but also to keep up with government policies to improve air quality
in each country. Fuel-efficient cars have not yet caught on in developing
markets as fast as they have in Western markets but there is a slow, apparent
change of car buyers going green globally. Carmudi analyzed millions of
listings on the company’s car classifieds website, and the data shows that auto
demand worldwide, including in Sri Lanka is shifting towards greener rides.
Carmudi
found that countries in the Middle East such as UAE and Qatar are still in love
with their SUVs. The number of eco-friendly car listings in the country stand
at 5.8% and 1.88% respectively, but green cars are slowly becoming a more
attractive option for car buyers.
In
Pakistan, green cars have also gained traction in recent years with the number
of hybrid cars listed online growing 85 percent in the past two years,
alongside a 17.48 percent slump in listings for petrol-fueled cars in the
country. This trend goes hand in hand with governmental policies to improve the
country’s air quality and cut carbon commissions in the coming decade.
In
Sri Lanka, 43.5 percent of cars listed for sale are eco-friendly cars, and out
of those, 93 percent consist of hybrid cars. The hybrid car market in Sri Lanka
is monopolized by the likes of Honda’s Insight Hybrid model and Toyota’s Prius
Hybrid Synergy Drive models. Carmudi Sri Lanka also saw growth in the number of
electric car listings, which grew four percent in the past 12 months. This
growth is at a much larger stage over the last few months as we see a surge in
the sales of plug-in electric vehicles such as the Nissan Leaf and the
Mitsubishi Outlander PHEV.
Despite
the apparent shift towards green rides in Asia and Middle East, countries in
Africa have yet to jump on the bandwagon. Carmudi saw low percentages of
eco-friendly cars listed for sale on the platform from West African countries
such as Senegal (0.79%), Ghana (0.55%), Nigeria (0.37%), and Ivory Coast
(0.26%). The slow adaptation can also be seen in East and Central African
countries such as Cameroon (0.97%) and Tanzania (0.70%).
So
will the emerging markets continue to grow more fond of
environmentally-friendly cars? Carmudi predicts that motorheads in Africa will
stick with gas-guzzling petrol-powered cars. In the Middle East, the eco-friendly
trend will pick up in the coming years as many federal institutions across the
region have begun to adopt electric or hybrid cars while motorists in Asia will
most likely switch to greener and more economical rides in the near future.
The
Managing Director for Carmudi Sri Lanka, Mr. Firaz Markar, had the following
remarks regarding the state of the green automotive industry in Sri Lanka: “The
Sri Lankan consumer has always been green automotive friendly, largely due to
the high cost of fuel as well as favorable regulatory terms bringing down the
cost of green vehicles. While hybrid vehicles such as the Toyota Prius and
Honda Insight started this surge, over recent months we have seen a dramatic
growth in the sales of plug-in electric vehicles such as the Nissan Leaf and
Mistubishi Outlander PHEV. Exceptional upfront cost savings, lower running
costs, and also certain households moving to solar powered energy are primary
factors as we see it. We are currently well poised to bring down national
fossil fuel bills based on current automotive trends. It’s great to see the
acceptance of such modern technologies within an emerging market such as ours.
These are very exciting times for the automotive future of our country.”
About
Carmudi

Carmudi
was founded in 2013 and is currently available in Bangladesh, Cameroon, Congo,
Ghana, Indonesia, Ivory Coast, Mexico, Myanmar, Nigeria, Pakistan, Philippines,
Qatar, Rwanda, Saudi Arabia, Senegal, Sri
Lanka, Tanzania, United Arab Emirates, Vietnam, and Zambia. The vehicle
marketplace offers buyers, sellers and car dealers the ideal platform to find
cars, motorcycles and commercial vehicles online.

About elanka@2017

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