Also only 51% of Ethipians have access to electricity. That is access for at least four hours a day and enough to charge a phone, have some light and other light tasks. Charging an EV is another league entirly.
So this might backfire badly. At the same time it makes oil infrastructure obsolete and China is selling extremely cheap EVs these days. The BYD Seagull at $11,000 is rather competitive for a new car and something like a Guang Hong Mini for $4500 is also available. Obviously that is not used cars territory, but we are going to see second hand cars of these cars as well and they will be even cheaper.
Also only 51% of Ethipians have access to electricity. That is access for at least four hours a day and enough to charge a phone, have some light and other light tasks. Charging an EV is another league entirly.
So this might backfire badly. At the same time it makes oil infrastructure obsolete and China is selling extremely cheap EVs these days. The BYD Seagull at $11,000 is rather competitive for a new car and something like a Guang Hong Mini for $4500 is also available. Obviously that is not used cars territory, but we are going to see second hand cars of these cars as well and they will be even cheaper.