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

Bloomberg Markets Monday 02 November 2026, 14:03 UTC 1 min read

Key Points

Primer Nov 2nd, 2026 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 on EVs pay off?

Ethiopia (LOCATION) EV Boom Ethiopia (ORG) EV (ORG)

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

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