Or follow us on Google NewsA year ago, the Ethiopian government introduced some incentives to catalyze the adoption of electric vehicles. Ethiopia’s Ministry of Finance exempted all electric vehicles from VAT, surtax, and excise tax! This move was made to encourage the local assembly and component manufacturing sectors for electric vehicles. Semi-knocked-down kits now attract a customs duty tax of 5% and fully built electric vehicles will have a customs duty of 15%. The growth of EV imports in Ethiopia, which now dwarfs EV imports in some of the other major African countries, just goes to show how things can really move quickly.

Source: Ethiopian News October 24, 2023 21:35 UTC