Three-Year EV Adoption Plan in Kenya Involves an Investment of USD 1.9 Million

Posted on : Monday , 29th April 2024

The nation's energy distributor, Kenya Power, announced that it will invest a total of 1.93 million US dollars over the next three years to promote the use of electric vehicles (EVs) in Kenya.

 

According to Kenya Power Managing Director Joseph Siror, the investment pays for the development of charging stations at various locations throughout the nation as well as the expense of buying electric vehicles and motorcycles to assist commercial operations.

 

"We plan to use our EV charging stations to collect data that will inform the next steps in our support of the growing electric mobility industry, in addition to our need to charge our electric vehicles," Siror said to reporters in Nairobi, the country's capital.

 

To ensure the construction of safe, dependable, accessible, and reasonably priced charging services and to expedite the adoption of electric vehicles, Kenya created a framework for infrastructure related to battery swapping and charging in September 2023.

 

As per the report by the Energy and Petroleum Regulatory Authority (EPRA), in December 2023, EVs made up 1.62 percent of the total vehicles registered in Kenya. The country's objective is to achieve a 5 percent share by 2025.

 

"In addition to the additional charging stations that we intend to install in the current financial year, we intend to install 10 additional facilities annually in 2025 and 2026," Siror stated.

 

According to the EPRA, the energy mix of the nation is ideal for e-mobility, as about 85% of energy generation comes from renewable sources.