Super Electrified, the EV Takeover in Ethiopia

Ethiopia is among the African countries with the lowest car ownership rates. However, it has surprised the market by being among the top 5 countries leading in electric vehicle penetration. Currently, over 100,000 EVs have hit the roads in Ethiopia, accounting for about 8% of the total registered vehicles. Globally, this percentage is just about 4. In 2024, over 60% of new car sales in Ethiopia were EVs, while the number was 20% on a worldwide scale. This is a reflection of the country’s superior acceleration in taking on EVs. Projections indicate the total number of EVs to surpass 500,000 by 2030. 1

Why are Ethiopians on an EV shopping spree?