The Ethiopian government is promoting the growth of electric vehicles (EVs) by offering incentives to increase both foreign and domestic investment in EV infrastructure and production. Ethiopia is concentrating on lowering its reliance on fossil fuels and utilizing renewable energy, including domestic EV production, in order to reach its goal of 500,000 EVs in ten years.
In an attempt to hasten the nation’s shift to electric transportation, the Ethiopian government has implemented a number of incentives to promote the growth of electric cars (EVs).
A draft national strategy for EV expansion has been established, according to a statement from the Ministry of Transport and Logistics. After taking into account the opinions of pertinent parties and receiving final clearance, it is anticipated to be put into effect soon.
According to Bareo Hassen, the state minister of transportation and logistics, the government is working to establish an atmosphere that is conducive to both domestic and international businesses importing, manufacturing, and assembling electric vehicles in the East African nation.
He stated that one of the main efforts to create a sustainable and eco-friendly transportation system is the expansion of EVs and infrastructure, and he urged the active involvement of pertinent players in this endeavor.
More than 100,000 EVs are currently on Ethiopian roads as part of the government’s campaign to switch to electric transportation. The country hopes to have up to 500,000 EVs in the next ten years, replacing the majority of fossil fuel-powered vehicles.
According to the Ministry of Transport and Logistics, Ethiopia is also attempting to increase the production of EVs and the installation of public charging stations. It is providing assistance and a number of incentives for private investors, including free or leased land for EV after-sales service companies.
Ethiopia will gain economically from the switch to electric vehicles, officials said, since it would save much-needed foreign exchange from fuel expenditures.
Ethiopia will increase EV use while lowering its reliance on fossil fuels in the transportation sector and utilizing its wealth of renewable energy sources.
In an effort to support Ethiopia’s sustainable energy transformation, Chinese EV behemoth BYD formally opened its operations in Ethiopia this week in partnership with MOENCO, an automobile distributor and retailer.
To address the nation’s steadily increasing demand for EVs, Belayneh Kindie Metal Engineering Complex, an Ethiopian enterprise, domestically assembles EV minibuses and buses using parts supplied from China’s Golden Dragon enterprise.
Belayneh Kindie’s general manager, Besufekad Shewaye, told Xinhua recently that the company sees a bright market in Ethiopia because of the nation’s enormous hydropower resources.
