The Country That BANNED Petrol Cars — 3 Years Later
3 min read
Ethiopia went from regarding 7,000 EVs in 2023 to around 140,000 by March this year, according to the government. It banned fuel and diesel vehicle imports immediately in January 2024, rather than announcing a distant target date. I see the business economics as the primary factor: Ethiopia was investing about $4.2 billion a year importing gas, while more than 90% of its electrical power comes from renewables. Changing imported gasoline with local electrical power conserves money for vehicle drivers and the country. The next target is 500,000 EVs by 2030, with heavy-truck charging currently being intended. However charging continues to be concentrated in the funding, blackouts happen, and around 85 million Ethiopians still have no electrical power. I think Ethiopia can leap straight to EVs, however those restraints issue.
#Ethiopia #ElectricVehicles #EnergySecurity
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