Funders & Investors Really Need To Start Supporting Kenya’s Promising Electric Car Market - CleanTechnica

The article highlights the rapid growth and promising potential of Kenya’s electric vehicle (EV) market, particularly focusing on electric motorcycles and the emerging electric car sector. Over the past seven years, Kenya’s electric motorcycle industry has expanded significantly, with market share rising from 0.5% in 2021 to 7.1% in 2024, supported by over 50 industry players and substantial funding. Electric buses are also gaining traction, led by companies like BasiGo, which plans to introduce over 1,000 electric buses soon. However, despite progress in motorcycles, tuk-tuks, and buses, electric car adoption in Kenya remains very low at just 0.18% of new vehicle registrations in 2024, with only about 300 electric cars on the road compared to tens of thousands in neighboring African countries like Ethiopia, Ghana, and Egypt. This lag in electric car adoption presents a significant investment opportunity for funders and investors. While the electric motorcycle market attracted early investment