Beginning January 1, 2025, import duties on EVs will drop from 40% to 25%. The transfer goals to encourage the adoption of inexperienced mobility options within the nation.
Finance Minister Mthuli Ncube introduced the proposal throughout his presentation of the 2025 nationwide finances in Parliament on Thursday, November 28, 2024.
“Cognisant of the necessity to promote the usage of eco-friendly autos, which can end in lowered carbon emissions, I suggest to scale back customs responsibility on electrical motor autos, with impact from 1 January 2025,” Ncube stated.
Ncube additionally proposed responsibility rebates on gear used to determine solar-powered EV charging stations. These rebates will apply to gear imported by authorised operators, signalling the federal government’s dedication to supporting sustainable power options.
The minister underscored the significance of addressing local weather change by way of progressive approaches. “We should leverage our pure sources to fight climate-related challenges successfully,” he emphasised.
Zimbabwe’s push for EV adoption aligns with its formidable objective of reaching 33% market penetration for electrical autos by 2030. Because the largest lithium producer in Africa and rating fifth globally, Zimbabwe holds vital potential within the manufacturing of lithium-ion batteries—the core expertise powering EVs.
The nation’s huge lithium reserves may place Zimbabwe as a pacesetter in Africa’s inexperienced power transition, bolstering its economic system and aligning with the federal government’s Nationwide Improvement Technique (NDS1) to realize upper-middle-income standing by 2030.
