By Tajeu Shadrack Nkapapa
Speaking before the Departmental Committee on Finance and National Planning, the Cabinet Secretary for Roads and Transport, Hon. Kipchumba Murkomen stated that last year’s tax exemptions for electric vehicles led to the registration of more EV.
Additionally, the CS stated that the tax exemption saved millions liters of fossil fuel imports and also attracted more money in investments.
“The exemption of taxes for electric vehicles in the last year has resulted in the registration of 2,128 electric vehicles, saved over 1 million litres of fossil fuels imports, attracted over USD 100 million in investment, and saved commuters transport costs,” said the CS.
“In my submissions before the Departmental Committee on Finance and National Planning, I put up a case for the retention of these tax exemptions for the first 100,000 EVs that will be imported into the country – including electric buses, electric cars, electric tuktuks, and electric bicycles,” he further explained.
This proposal follows a successful year of savings and investments in the country.
This will be part of the country’s continued effort to reduce carbon emissions and curb climate change, as per the Kenya National Adaptation Plan 2015-2030 and the Nairobi Declaration 2024.
“I also advocated for continued VAT exemption for the aviation sector which has so far resulted in the growth of the sector, the creation of jobs, and improved investments,” Hon Murkomen said.
Also present in the Finance and National Planning Committtee appearance were members of the E-mobility Taskforce led by the Chair, Daniel Ngumi.