First Ethiopian assembled Hyundai Ioniq EV has started to roll off the assembly lines as Marathon Motor Engineering, a joint venture between Hyundai Motor Company and Olympic Champion Haile Gebrselassie, has started assembling the all-electric Hyundai Ioniq in the African country.
In his Tweet, Abiy Ahmed Ali, the Prime Minister of the Federal Democratic Republic of Ethiopia, said:
“As we transform Ethiopia’s greening & climate resilient aspirations into concrete actions through the #GreenLegacy initiative, this morning I received the first electric car fully assembled in Ethiopia. No emission cars can help reduce pollution.”
As we transform #Ethiopia’s greening & climate resilient aspirations into concrete actions through the #GreenLegacy initiative and Sheger & Entoto Parks, this morning I received the first electric car fully assembled in Ethiopia. No emission cars can help reduce pollution. pic.twitter.com/dIu3s88Q0h
— Abiy Ahmed Ali 🇪🇹 (@AbiyAhmedAli) July 27, 2020
Clean and renewable hydropower dominates Ethiopia’s energy generation mix, contributing around 90% of the installed generation capacity. The electricity tariffs are also very favorable, with residential tariffs at around $0.06/kWh. Driving EVs in Africa is a whole lot cheaper than driving cars with conventional internal combustion engines. A study by AfricanEV reveals just how good driving the Hyundai Ioniq EV and several others can be in Ethiopia.
It costs just $0.92 to drive the Hyundai Ioniq over a 100 km trip in Ethiopia, whereas the same trip in a Toyota Corolla would cost $5.37. The Hyundai Ioniq has been well received in Europe and in other markets where it has been launched and is expected to do well in the East African market too.