Kenya looking at offering tax incentives to grow e-mobility market - News Summed Up

Kenya looking at offering tax incentives to grow e-mobility market


The government of Kenya is looking at legal and policy frameworks to further incentivise investment in the country’s e-mobility sector. Part of the plan is to also look at infrastructure development, Transport Cabinet Secretary Kipchumba Murkomen told the Transform Kenya forum this week. “As government, we are working on coming up with the necessary legal and policy framework that would encourage investment in the sector and facilitate the shift from diesel and petrol-powered vehicles to electric vehicles. “We are looking for tax incentives and other financial support to be provided to the private sector to ensure e-mobility is a success.”He said his ministry had drafted a memo to be tabled to Cabinet that will discuss the legal and policy framework for e-mobility. Through adoption of e-mobility we can lead the world in fighting the climate crisis.”He said Kenya has a culture “that’s ready to adopt new technologies and very receptive to private sector investment in the public transport system.”


Source: The North Africa Journal April 19, 2023 20:11 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */