Financial & Tax Incentives for PSVs and Commercial Transporters to Convert to Electric Vehicles

The Kenya Kwanza government promised to provide financial and tax incentives for public service vehicles and commercial transporters to convert to electric vehicles.

• January 2023 – The National Treasury developed a Green Fiscal Incentives Policy Framework that would result in fully electric-powered motor vehicles facing only a 10% duty charge.
• February 2023 – The National Treasury has reduced excise duty on electric motor vehicles to 10 per cent to promote the uptake of the cars. According to the Financial Year 2022/2023 Supplementary Estimates No. 1, the reduction only applies to motor vehicles that are 100 per cent electric.
• In 2025, the registration fees for electric vehicles have been lowered, toll discounts are available for electric vehicles and low-interest loans for EV purchases are now available.