Ruto to phase out petrol and diesel - and go fully electric in 3yrs

[hk]

Let the market decide not government mandates and decrees. Already the Electric motorbike market is about to explode, there's a waiting list on locally assembled electric motorbikes. Delivery companies are exploring option to buy electric motorbikes purely driven by economics. Charging stations kengen/kplc  are installing https://www.businessdailyafrica.com/bd/corporate/companies/kenya-power-plan-for-electric-vehicle-charging-stations-3642488 and individual investors will soon pile in.

A forward thinking government would be looking at ways to get kenya in the emerging market not just as consumers but as components producers. Kenya is endowed with geothermal, lithium can be extracted from geothermal brines to create battery industry. 70% the government owns in kengen should be sold on the NSE to raise funds for r&d, this is an opportunity to be participant of emerging industry.

[RV Pundit]

Agreed but gov is a catalyst to SCALE this nationally and quickly...by providing capital and capacity to meet the demand you're saying is pent up.

According to Ndii there is existing a million plus motor bikes which would benefit from conversion. Also there is 200K new bike market plus 500K in the region....so the market can go as high as 1 million motorbikes...that can employ even 200K kenyans.

Interesting the lithium can be extracted from geothermal brine. Look like NAIVASHA SEZ could work. We just need to buy Kenyatta out first - then give out the land to investor in lithium, motorbikes and etc. We cannot have kenyatta benefiting from that SEZ.

I think I heard Veitnam export 12B worth of electric motorbikes....this where Kenya can easily tap into. A million motorbikes each sold for a 1k usd is worth a billion dollars...and this can be done very very quickly.

Let the market decide not government mandates and decrees. Already the Electric motorbike market is about to explode, there's a waiting list on locally assembled electric motorbikes. Delivery companies are exploring option to buy electric motorbikes purely driven by economics. Charging stations kengen/kplc  are installing https://www.businessdailyafrica.com/bd/corporate/companies/kenya-power-plan-for-electric-vehicle-charging-stations-3642488 and individual investors will soon pile in.

A forward thinking government would be looking at ways to get kenya in the emerging market not just as consumers but as components producers. Kenya is endowed with geothermal, lithium can be extracted from geothermal brines to create battery industry. 70% the government owns in kengen should be sold on the NSE to raise funds for r&d, this is an opportunity to be participant of emerging industry.

[hk]

Agreed but gov is a catalyst to SCALE this nationally and quickly...by providing capital and capacity to meet the demand you're saying is pent up.

According to Ndii there is existing a million plus motor bikes which would benefit from conversion. Also there is 200K new bike market plus 500K in the region....so the market can go as high as 1 million motorbikes...that can employ even 200K kenyans.

Interesting the lithium can be extracted from geothermal brine. Look like NAIVASHA SEZ could work. We just need to buy Kenyatta out first - then give out the land to investor in lithium, motorbikes and etc. We cannot have kenyatta benefiting from that SEZ.

I think I heard Veitnam export 12B worth of electric motorbikes....this where Kenya can easily tap into. A million motorbikes each sold for a 1k usd is worth a billion dollars...and this can be done very very quickly.

Government need to stick to regulations where needed. Electric motorcycle adoption will be driven by demand, it simply makes economic sense for owners and operators. Boda boda industry is already big without government financing. The motorcycle owners will convert to electric bikes if it makes economic sense to them. The government regulators should focus on power supply reliability and cost.
The most important land isn't the SEZ but the kengen industrial park and geothermal authority owned land. The primary investor in lithium should naturally be kengen, that's why it needs to be removed from government control to install new management that'll be interested in investing into the future.

[RV Pundit]

Let see the nature of their intervention - tomorrow when we get more details. But I agree gov should sell more shares in Kengen, Safaricom, KCB and get out of their way...it probably best to sell to a strategic partner involved in electric stuff.

Government need to stick to regulations where needed. Electric motorcycle adoption will be driven by demand, it simply makes economic sense for owners and operators. Boda boda industry is already big without government financing. The motorcycle owners will convert to electric bikes if it makes economic sense to them. The government regulators should focus on power supply reliability and cost.
The most important land isn't the SEZ but the kengen industrial park and geothermal authority owned land. The primary investor in lithium should naturally be kengen, that's why it needs to be removed from government control to install new management that'll be interested in investing into the future.