RENERG Rwanda
RENERG (R)Ltd specializes in solar energy systems, photovoltaic installations, green real estate development, and electric vehicle solutions. Sustainable energy for homes and businesses
Image courtesy of Kabisa. One of the companies leading this growth in Rwanda is Kabisa. Kabisa, is one of East Africa's leading providers of electric vehicle (EV) sales, maintenance, and charging. Kabisa recently held a grand opening reception last month at EV House, their new headquarters in Kigali located above Camp Kigali on KN 77 Street.
Although Rwanda is a much smaller market than some of its regional peers, these incentives have led to Rwanda having more electric cars than most of the larger markets in East Africa. There are about 360,000 vehicles registered in Rwanda, with about 30,000 added each year. 99% of these vehicles are still ICE vehicles.
Rwanda is actively encouraging investment in the e-mobility sector, and the Rwanda Development Board (RDB) also gave a presentation outlining some of the initiatives to encourage investment. Some of these incentives include a preferential corporate income tax rate of 15% for investors operating in e-mobility.
Firms operating in the energy, ITC, and mass transport industries also qualify. And from January 1, 2025, only electric motorcycles can be registered in Rwanda. Hybrids also benefited from incentives, but some of these incentives are now being rolled back. Hybrids will continue to get import duty exemptions, but will now pay VAT.
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