• The company unveiled its AION Y and ES9 models
• The Ethiopian government has already banned the production, import, and assembly of gas-powered cars
• more than 100,000 EVs are currently on the road across Ethiopia, which aims to have up to 500,000 EVs in the next 10 years
• GAC, through its partner Huajian Group, will sell electric vehicles, establish charging infrastructure, and initiate local assembly operations in Ethiopia

• Charging equipment for electric vehicles will be exempt from tax
• The draft policy widens that tax gap by imposing an additional 20% excise tax on every new passenger car or light commercial vehicle that lands in CBU at the port
• Importers will also have to present emissions and road-worthiness certificates before shipment
• Ministry wants to close another gap between consumers and lenders by introducing an asset-based vehicle loan (car as collateral)
• Multiverse Enterprise Plc teaming up with the Defense Engineering Industry Corporation to assemble and finance about 5,000 diesel and electric taxis.
• Commercial Bank of Ethiopia (CBE) endorsed the plan, earmarking 17% of a 35-billion-Br fund for down payments.
• Multiverse wants to swap 15,000 cabs and claims to have supplier credit in forex.
• The draft’s export section eyes the African Continental Free Trade Area

• Golden Dragon’s presence in the country has expanded steadily, with nearly 900 new energy buses now in operation across Ethiopia
• Golden Dragon and BKG began constructing a seven-hectare assembly plant in 2019 and the facility was completed in 2023 and began producing electric bus kits in 2024

- This expansion into Ethiopia, Green Motion’s 80th destination, follows a two-year negotiation process to align the company’s international standards with local regulations.

- After three months of discussions, an agreement was reached, allowing Green Motion to charge a 1% service fee for bookings in Ethiopia.

- Featuring three charging modalities, the station can simultaneously charge up to 32 electric vehicles, ensuring convenience and efficiency for drivers

- The chargers are designed for efficiency, capable of replenishing batteries at a rate equivalent to traveling 1 km per second, depending on the vehicle’s capabilities.

The Chinese car manufacturer BYD has officially entered the Ethiopian market with the introduction of five battery electric vehicle (BEV) models, including the compact hatchback Seagull and the Tang SUV, in collaboration with its Ethiopian distributor, MOENCO, one of the largest automotive distributors and retailers in the country, representing over 20 brands, including Toyota.