Opinion: Aid cuts could help Africa’s EV sector

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Declining foreign aid is pushing low and middle-income countries to take ownership of policies, says Jonathan Philips, Director of the Energy Access Project at Duke University. Kenya’s green transition has been slowed by inconsistent fiscal policies. To unlock e-mobility’s potential, the government must adopt a long-term tax framework that treats incentives as investments.

• Africa’s EV boom has relied heavily on international DFIs and impact investors, particularly in early movers like Kenya. Yet for the market to reach true scale, local financial institutions must engage actively. 

• Contrary to popular belief, e-mobility is no distant dream for emerging markets. Kenya is proving how local innovators can drive rapid adoption, especially in the two- and three-wheeler segments.

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