How Ethiopia’s Gas-Car Ban Sparked an EV Boom

Ethiopia became the first country to ban imports of gasoline-powered cars in 2024. Today, its EV share outpaces the global average, but the road ahead is uncertain. Can Ethiopia’s bet...

By Bloomberg Markets · Bloomberg Markets

Ethiopia became the first country to ban imports of gasoline-powered cars in 2024. Today, its EV share outpaces the global average, but the road ahead is uncertain. Can Ethiopia’s bet on EVs pay off? (Source: Bloomberg)