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Kenyan News
Home Technology

Tech Companies Drive Growth in Kenya’s EV Market

254 by 254
October 1, 2024
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Tech Companies Drive Growth In Kenya's Ev Market
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Tech companies are increasingly entering the electric vehicle (EV) market, spurred by technological advancements, rising consumer demand for sustainable transport, and strategic diversification in response to market dynamics.

In Kenya, the push for electric vehicles is gaining momentum, fueled by government initiatives, growing public interest, and the establishment of local manufacturing capabilities. As of late 2023, over 1,350 electric vehicles are registered in the country, with motorbikes comprising 62% of this figure. The number of motorcycle registrations has doubled in the past five years, indicating a growing acceptance of electric mobility among consumers.

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However, despite this progress, EVs made up only 1.62% of total vehicle registrations in December 2023, with a target to reach 5% by 2025.

As interest in EVs grows, many are looking to tech companies that have recently entered the automotive space, including those known for TVs and smartphones. Notable examples include the Skyworth EV, produced by Skyworth Auto, a division of the Skyworth Group, a major player in electronics, and the Avatr 11, developed by Avatr Technology—a collaboration among Changan Automobile, CATL, and Huawei. While Huawei isn’t a shareholder in Avatr Technology, it significantly contributes to the vehicle’s technology, including autonomous driving systems and connectivity features.

Tags: Avatr TechnologyCATLChangan Automobileelectric vehicle (EV) marketHuaweipublic interestSkyworth Group
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