Rising fuel costs boost African EV sales

Rising fuel costs in sub-Saharan Africa, driven by the Iran war, are slowing overall vehicle sales but boosting electric vehicle (EV) purchases. Chinese EVs are priced similarly to internal combustion engine alternatives, and high fuel costs in import-reliant markets like Kenya are making EVs more attractive for high-usage consumers and fleet operators. However, weak charging infrastructure, unreliable electricity supply, and high financing costs may limit widespread EV adoption.