Ethiopian energy storage vehicles are affordable

Are EVs a good investment in Ethiopia?

They are seen as great money-savers, but concerns linger regarding battery replacement. Tesfaye is among the 100,000 individuals driving EVs in Ethiopia, a number steadily increasing in Addis Ababa. Moreover, the future for EVs appears promising as the Ethiopian government has imposed a ban on importing fuel-powered vehicles for private use.

Are electric cars the future in Ethiopia?

“There’s no doubt that EVs are the future. It’s only a matter of time before they dominate the streets of the capital,” remarked Moges Negash, an automotive engineer and electric car expert. Ethiopia spent $6 billion on fuel imports in 2023, over half of which went to fueling vehicles, according to the Ethiopian Ministry of Transport and Logistics.

Are used cars a problem in Ethiopia?

Like most African countries, Ethiopia’s roads are dominated by used cars, which make up around 85% of vehicles. But a complex mix of high import duties — historically as high as 200% — and chronic foreign currency shortages have long made car ownership out of reach for most Ethiopians.

Is Ethiopia a leader in Africa's electric vehicle transition?

Ethiopia has emerged as an unexpected leader in Africa’s electric vehicle (EV) transition. In 2023, the country became the first in the world to ban imports of internal combustion engine (ICE) vehicles.

How many EVs are there in Ethiopia?

According to the Ministry of Transport and Logistics, the country now has 100,000 EVs on its roads, accounting for roughly 8.3% of its estimated 1.2 million registered vehicles. If accurate, that would make Ethiopia the clear front-runner in EV penetration on the continent, and a surprising contender among top global adopters .

Are EVs the future in Ethiopia?

Tesfaye is among the 100,000 individuals driving EVs in Ethiopia, a number steadily increasing in Addis Ababa. Moreover, the future for EVs appears promising as the Ethiopian government has imposed a ban on importing fuel-powered vehicles for private use. “There’s no doubt that EVs are the future.