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KIPCHUMBA MURKOMEN, E.G.H

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Kenya's transport secretary says tax move for EVs in new finance bill proposal unfriendly

Roads and Transport Cabinet Secretary Kipchumba Murkomen has opposed introducing taxes in the electric transport sector as proposed in the Finance Bill, 2024. The Bill proposes various changes to the incentives introduced under Finance Act, 2023, including removing the tax incentives on electric vehicles (EVs). It proposes that the supply of electric bicycles, solar and lithium-ion batteries and electric buses of tariff heading 87.02, which are currently zero-rated would be subjected to Value Added Tax (VAT) of 16 per cent He said the government intends to adopt policies that will foster a more conducive business environment for e-mobility companies. Mr Murkomen said unbridled taxation on electric vehicles can hinder their adoption for several reasons, including becoming a cost barrier, incentive reduction, environmental impact, technological progress and market growth. The CS said to achieve the current government’s agenda on e-mobility, President William Ruto during his recent State visit to the US outlined the commitment by his administration to eliminate all taxes and duties applicable to the first 100,000 EVs in Kenya. According to Mr Murkomen, the incentives for the electric mobility sector introduced in 2023, through the Finance Act to incentivise green energy use in the Transport Sector have increased the uptake of EVs with numerous start-ups setting up in Kenya. https://www.standardmedia.co.ke/business/business/article/2001497055/murkomen-opposes-evs-tax-plan-says-it-will-reverse-gains

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  • We Don't Have Time

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    23 w

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    • Tabitha Kimani

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      24 w

      The government should be encouraging the uptake of EVs and the proposed taxes will act against that.

      • Princess

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        32 w

        This is a potential set back for the adoption of electric vehicles.

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        • rosebellendiritu

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          33 w

          I am glad that he is standing for what is right inorder to make a significant step towards clean energy.

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          • Boniface Kuria

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            34 w

            Especially because they are also introducing an Eco-tax, they should offer tax incentives for EVs as other countries have done

            5
            • Elizabeth Gathigia

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              34 w

              Its good of him to oppose taxes on EVs coz with electric vehicles co2 emissions is reduced

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              • Grace Njeri

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                34 w

                More taxes on Evs should be discouraged since they are one of the most effective ways to reduce emissions.

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                • walter lungayi

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                  34 w

                  I strongly appreciate his stance against taxes on EVs, since this will lower the incorporation of EVs in the transport sector due to fear of huge taxes to be imposed.

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                  • Jane Wangui

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                    34 w

                    EVs are the the way to go if we need to reduce the rate of carbon emission in our country and this is a great move by the cabinet secretary

                    5
                    • Jane Kamau

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                      34 w

                      Good news seeing the cabinet Secretary speaking his voice this opposition of new taxes on EVs is great

                      5
                      • Gorffly mokua

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                        34 w

                        This is great seeing him standing up for the electric transport sector by opposing new taxes on EVs.đź‘Ź

                        12
                        • Joseph Githinji

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                          34 w

                          @gorffly_mokua It is a great show of excellence in his leadership, this is the way to go.

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                        • Joseph Githinji

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                          34 w

                          Its great to see the Cabinet Secretary voice this concern, I agree with him that we shouldn't tax EVs but rather put more carbon tax to foster a sustainable environment.

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                          • Gorffly mokua

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                            34 w

                            @joseph_githinji Absolutely, I agree. We should support EVs and focus on carbon taxes to promote a sustainable environment

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