Climate love
Image of Kenya ๐Ÿ‡ฐ๐Ÿ‡ช

Kenya ๐Ÿ‡ฐ๐Ÿ‡ช

Climate love

Govt. mulls tax incentives to accelerate adoption of electric vehicles

The National Treasury is planning grant financial and tax incentives to public service vehicles and commercial transporters to convert to electric vehicles from fossil fuel powered vehicles beginning the next financial year. The move is expected to help increase adoption of electric vehicles estimated at 350 and bikes according to the Energy and Petroleum Regulatory Authority (EPRA). Majority of 3.5 million registered vehicles in Kenya out of which an estimated 2.2 million are still on the road are powered by either petrol or diesel. National Treasury Cabinet Secretary Prof. Njuguna Ndungโ€™u in the Draft 2023 Budget Policy Statement says the government will seek to leverage the financial support that will be provided to the bodaboda sector through the Hustlers Fund, to develop the nascent electrical vehicle (EV) and motorcycle assembly industry. โ€œAccelerating transition to electric vehicles is a win-win proposition in terms of contributing to Kenyans emission reduction commitment, cheaper transport, and leveraging on the large local and regional motorcycle market to build an electric vehicle industry,โ€ said Prof. Ndungโ€™u. The move by Treasury comes amid rapid development of e-mobility sector in the country supported by KenGen, Kenya Power, Roam and BasiGo. In the financial year 2023/2024 National Treasury expects to embark on financing EV charging infrastructure in all urban areas and along the highways and create incentives for adoption of electric mass transit systems in all cities and towns in Kenya. KenGen which announced plans to commercialize its charging stations last year has already begun piloting its infrastructure with four electric vehicles which are used to collect data and drive policy development. The power generator targets to install at least 30 EV charging stations across the country by end of 2023. Kenya Power which is seeking to transition its fleet to electric from gasoline also plans to establish 30 charging stations across the country by end of this year. BasiGo which is the firm company to rollout electric busses in Kenya already targets to increase assembly of the buses after securing a Ksh 6B investment. https://kbc.co.ke/local-business/article/34798/govt-mulls-tax-incentives-to-accelerate-adoption-of-electric-vehicles

Do you agree?

89 more agrees trigger scaled up advertising

  • We Don't Have Time

    โ€ข

    โ€ข

    โ€ข

    77 w

    Dear walter lungayi Thank you for getting your climate love to level 2! We have reached out to Government of Kenya and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time

    1
  • winnie nguru

    โ€ข

    77 w

    Love that the government is embracing this

    1
    • Muhammad Fahd Khan

      โ€ข

      78 w

      That is nice

      1
      • john linus Tom

        โ€ข

        78 w

        This is amazing and commendable

        3
        • Patrick Kiash

          โ€ข

          โ€ข

          โ€ข

          78 w

          Commendable

          1
          • George Kariuki

            โ€ข

            78 w

            The fact that this initiative will be targeted at public service vehicles and commercial transporters is also noteworthy, as these types of vehicles typically have higher usage rates and therefore greater potential for emissions reductions.

            2
            • Daniel Waweru

              โ€ข

              78 w

              Kenya is headed in the right direction. Together we can do it.

              1
              • Gorffly mokua

                โ€ข

                โ€ข

                78 w

                Wow! This is incredible news. This is the wat to go.

                1
                • Rashid Kamau

                  โ€ข

                  โ€ข

                  78 w

                  positive steps

                  2
                  • Edwin wangombe

                    โ€ข

                    โ€ข

                    78 w

                    This is great step that Kenya has taken towards making the transition to a green planet possible

                    1
                    • Elizabeth Gathigia

                      โ€ข

                      78 w

                      Great move, adopting electric cars it's leading in the right way

                      1
                      • rosebellendiritu

                        โ€ข

                        โ€ข

                        78 w

                        Thanks to the government for committing to assist transition

                        5
                        • Tabitha Kimani

                          โ€ข

                          โ€ข

                          78 w

                          Its the incentives that are needed enhance transition

                          2
                          • Kamau WA Githinji

                            โ€ข

                            78 w

                            excellent work

                            2
                            • Munene Mugambi

                              โ€ข

                              โ€ข

                              78 w

                              This should be a pacesetter for other agencies as well

                              9
                              • walter lungayi

                                โ€ข

                                โ€ข

                                78 w

                                This is amazing. Good work ๐Ÿ‘

                                2
                                Welcome, let's solve the climate crisis together
                                Post youtube preview with preloading
                                youtube overlay

                                Write or agree to climate reviews to make businesses and world leaders act. Itโ€™s easy and it works.

                                Write a climate review

                                Voice your opinion on how businesses and organizations impact the climate.
                                0 trees planted

                                One tree is planted for every climate review written to an organization that is Open for Climate Dialogueโ„ข.

                                Download the app

                                We plant a tree for every new user.

                                AppleAndroid