Zambia manufactures energy storage vehicles

Are EV companies pursuing a symbiotic relationship in Zambia?

President Hichilema said, “We have the natural resources, they have the technology. This is the symbiotic relationship we are pursuing with companies like BYD and CATL, who are the largest EV and energy storage battery manufacturers, to invest in Zambia.” Exciting times for the EV sector in Zambia.

Is Zambia a positive development for the EV ecosystem?

I must say this is an incredibly positive development for the Zambian EV ecosystem. Zambia now joins several countries in Africa, such as Ethiopia, Mauritius, and Rwanda, to remove or reduce customs duty on electric vehicles.

What is Zambian Electric Mobility & Innovation Alliance?

The Zambian Electric Mobility and Innovation Alliance (ZEMIA) is a non-profit organization dedicated to supporting the adoption, development, and growth of the electric mobility ecosystem in Zambia. ZEMIA played a key role in lobbying the Zambian government to implement these new incentives.

How will the removal of customs duty affect electric vehicles in Zambia?

The removal of customs duty for full electric vehicles and the reduction of customs duty for hybrids is a very welcome development. This will help reduce the costs of electric vehicles in Zambia, making them more competitive with ICE vehicles from an upfront purchase point of view.

How clean is Zambia's Electricity Grid?

Zambia’s installed national generation capacity stands at about 3,500 MW compared to a peak national demand of approximately 2,300 MW. Zambia’s grid is also powered by some very clean electricity, with about 90% being powered by hydro. EVs in Zambia will therefore be powered with some exceptionally clean electricity.

What's new in Zambia's 2024 national budget?

Here is some good news from Zambia. Presenting the 2024 National Budget, Hon. Dr. Situmbeko Musokotwane, Zambia’s Minister of Finance and National Planning, announced that, “ to continue promoting the usage of clean energy as well as supporting the green economy and climate change mitigation, I propose the following measures: