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Forex Scarcity: Ethiopia Bans Importation Of Non-Electric Cars - Politics - Nairaland

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Forex Scarcity: Ethiopia Bans Importation Of Non-Electric Cars by Ibrahimcoomasie: 6:26pm On Feb 05
Africa's 2nd largest country by population bans importation of Non-Electric cars.

Alemu Sime, Ethiopia's Minister of Transport and Logistics, says the country's Logistics Master Plan bans the importation of non-electric cars. The main reason for the measure is a severe shortage of foreign exchange that affects its ability to import oil and other raw materials.

Ethiopia is, by many metrics, one of the least developed countries in the world, but it is often considered an emerging power. It has the fastest economic growth of all sub-Saharan African countries due to foreign direct investment in expanding agricultural and manufacturing industries. However, in terms of per capita income and human development index, the country has high poverty rates, low respect for human rights, widespread ethnic discrimination and a literacy rate of only 49%.

We are talking, in any case, about one of the few countries in Africa that managed to resist colonial pressure, a past of independence of which they are very proud. Yet Ethiopia spent almost $6 billion on fossil fuel imports last year, and more than half of that went on vehicle fuel. In response, the country’s Ministries of Transport and Logistics have announced a drastic measure: a total ban on importing cars into Ethiopia unless they are electric.


https://www.youtube.com/watch?v=4NwxT561TDk?si=cohwJQoZf7p2sG2E
Re: Forex Scarcity: Ethiopia Bans Importation Of Non-Electric Cars by Arobaga: 6:27pm On Feb 05
grin
Re: Forex Scarcity: Ethiopia Bans Importation Of Non-Electric Cars by chopnaira: 6:30pm On Feb 05
Problem grin
Re: Forex Scarcity: Ethiopia Bans Importation Of Non-Electric Cars by Naijanascam: 6:30pm On Feb 05
Because they have a stable power⚡ generating facilities....
Re: Forex Scarcity: Ethiopia Bans Importation Of Non-Electric Cars by OkpaNsukkaisBae(m): 6:32pm On Feb 05
Countries leaving Nigeria behind.

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Re: Forex Scarcity: Ethiopia Bans Importation Of Non-Electric Cars by chopnaira: 6:34pm On Feb 05
Naijanascam:
Because they have a stable power⚡ generating facilities....
In the video, it was said that they generate about 5MW which is similar to Nigeria's current capacity. However, they most likely have better power transmission and distribution infrastructures which is our major problem here.

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Re: Forex Scarcity: Ethiopia Bans Importation Of Non-Electric Cars by Naijanascam: 6:40pm On Feb 05
chopnaira:

In the video, it was said that they generate about 5MW which is similar to Nigeria's current capacity. However, they most likely have better power transmission and distribution infrastructures which is our major problem here.


Hope read out STABLE in my comments even if they are producing HalfMW and distributing them evenly
Re: Forex Scarcity: Ethiopia Bans Importation Of Non-Electric Cars by PressMyButton: 6:40pm On Feb 05
South Africa has also announced a big increase in the price of petrol from next week as Rand is getting weaker against the dollar. Serious nations are taking tough decisions to rescue their economies, Nigerians only care about their stomach.
Re: Forex Scarcity: Ethiopia Bans Importation Of Non-Electric Cars by okosodo: 6:42pm On Feb 05
T
Re: Forex Scarcity: Ethiopia Bans Importation Of Non-Electric Cars by Cassandraloius: 8:43am On Feb 06
When you have to much you decide what you want. cheesy
Re: Forex Scarcity: Ethiopia Bans Importation Of Non-Electric Cars by Vehiclespot: 10:07am On Feb 11
Regarding Ethiopia's decision to ban the import of non-electric cars, there are several reasons:

Foreign Exchange Shortage: Ethiopia is facing a severe foreign exchange shortage, which impacts its ability to import oil and other commodities needed for ICE vehicles. This makes electric vehicles a more feasible option due to their reliance on grid electricity rather than imported fuels .

Infrastructure Development: Ethiopia has been investing heavily in its energy infrastructure, with a significant portion of its energy coming from renewables. The country is planning to inaugurate a large hydroelectric plant, which suggests a strong commitment to clean energy and supporting the transition to electric mobility .

Economic Strategy: The move towards electric vehicles aligns with a broader economic strategy that includes boosting local production of light manufactured goods and enhancing agricultural productivity .

Policy Measures: To facilitate the adoption of electric vehicles, the Ethiopian government has implemented tax exemptions for electric cars, indicating a positive regulatory environment for EVs .

Challenges: While there are concerns about the current state of charging infrastructure, the government's commitment to expanding EV charging stations suggests a determination to overcome these challenges and promote the adoption of electric vehicles .

i wrote about the Top 10 Best Electric Vehicles in the world in year 2024. You can explore to have some insight about it. https://vehiclespot.ng/top-10-best-electric-vehicles-for-2024-comprehensive-review/

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