Global Electric Vehicles Manufacturers Showing Interest to Invest in Ethiopia

Addis Ababa, July 13,2025 (ENA) -- International manufacturers and suppliers of electric vehicles are expressing interest in supplying their products in Ethiopia and investing in the sector, Ministry of Transport and Logistics disclosed.

The number of companies engaged in the assembly and supply of electric vehicles in Ethiopia is also witnessing an annual increase.

The State Minister of Transport and Logistics, Bareo Hassen, told ENA those initiatives are underway to promote electric vehicles within the country and to enhance investment in this sector.

He mentioned that Ethiopia has launched encouraging measures aimed at decreasing reliance on fossil fuels and enabling the transport and logistics sector to leverage the nation's potential renewable energy resources.

In this context, the state minister indicated that efforts are being made to expedite the execution of the National Electric Vehicle Strategy and to render it appealing for investment.

Additionally, he revealed that the government is supporting initiatives focused on converting vehicles powered by fossil fuels to electric alternatives, as well as on technologies that aim to minimize fuel consumption and pollution.

Bareo additionally noted that a range of incentives for investors engaged in the sector has been established through policies and strategies that are yielding favorable outcomes.

He pointed out that the current count of electric vehicles in the country surpasses 115,000, and the number of companies assembling electric vehicles has exceeded 15.

The state minister further indicated that due to the focus Ethiopia has placed on the sector, numerous international electric vehicle manufacturers and suppliers are now expressing significant interest in investing in this sector.