Ethiopia electric vehicle adoption triples in two years on policy drive Ethiopia’s electric vehicle fleet has tripled over the past year, growing from 4,600 in early 2023 to 14,000 EVs in early 2025. Electric vehicles now account for over 60% of new car registrations in 2024, driven by robust government policies and fiscal incentives. This surge positions Ethiopia as a leader in Africa’s transition to sustainable transportation, leveraging its hydropower-dominated grid to reduce reliance on costly fuel imports. The Ethiopian government has implemented bold policy measures to accelerate EV adoption. In 2022, the Ministry of Finance introduced a directive eliminating value-added tax (VAT), excise tax, and surtax on EV imports while reducing customs duties to 15% for fully built vehicles and 5% for semi-knockdown units, according to the Kenyan Wall Street report. Additionally, Ethiopia became the first country globally to ban imports of non-electric vehicles in 2024. This was aimed at cutting the nation’s $4 billion annual fuel import bill, according to Transport and Logistics Minister Alemu Sime . . . . #energyinafrica #ethiopia #electricvehicle #policydrive #electricvehicle #energy #africa