Clean Tech News & Views: EVs, Solar Energy, Batteries
Kenya President William Ruto arriving at the Africa Climate Summit after driving himself from State House in an Autopax Air EV Yetu. Image courtesy of Citizen TV on X.
Kenya is rapidly emerging as the East African e-mobility leader amid the bourgeoning electric vehicle market on the continent. With President Ruto’s endorsement during the last Africa Climate Summit, where he drove an EV to the venue, the Kenyan EV ecosystem has made rapid strides. The government has been making the right moves to increase EV adoption in Kenya, especially in the gig-economy and commercial fleet segment.
The Kenyan EV market, however, has multiple challenges. The opening of the market has led to heavy competition. According to latest estimates, upwards of 40 two-wheel EV companies are operating in Kenya, leaving little breathing space. This also ties in to the less than ambitious target for EVs, which does not provide enough “skin in the game” for EV companies. The government support, therefore, must be greater than only reduction in import duties to make the EV economics viable for customers.
Further, there will be a strict EV economics correction. At present, the product prices are arbitrary, with a perception of being higher for the customers and providing ludicrous margins for companies. Moving forward, the market forces will find a way to stabilise the economics, in favour of the demand-side.
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