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Originally published by The Standard BusinessOctober 14, 2025
6h ago
Kenya's electric mobility grows amid financing barriers

Despite the growth, financing barriers has kept underserved communities and entrepreneurs locked out of the green transition...
✨ Key Highlights
Kenya's electric vehicle (EV) market is experiencing significant growth, with nearly 9,047 registered EVs as of May 2025. This expansion is supported by growing charging infrastructure and strong demand, despite existing financing challenges.
- Sales of EVs in Kenya increased by 150 per cent compared to 2024, with charging stations expanding from 67 in 2023 to over 200 in 2025.
- Wang Ai Ping, CEO MojaEv Kenya Limited, and Clifford J Aron, founder and CEO GreenMax Capital Group, signed a financing agreement for 20 electric vehicles on May 27, 2025.
- The BYD SHARK 6 electric pickup truck and Plug-in Hybrid Electric Vehicles (PHEV) are proving popular, with Loxea Kenya, a subsidiary of CFAO Mobility Kenya, placing replenishment orders due to high demand.
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