Or follow us on Google NewsLike a lot of countries on the African continent, Ethiopia has an exceptionally low motorisation rate. So, in just 2 years, locally assembled EVs and imported EVs have added almost 10% of Ethiopia’s current total ICE vehicle registrations! Not a plan to phase out new ICE vehicle registration by 2035 or 2040, no, but an impending immediate ban! Almost 2 years ago, the Ethiopian government introduced some incentives to catalyse the adoption of 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%.

Source: Ethiopian News May 13, 2024 04:44 UTC