Two in 10 electric vehicles in Kenya operate on Bolt - Capital Business
Connect with us

Hi, what are you looking for?

Kenya

Two in 10 electric vehicles in Kenya operate on Bolt

Out of an estimated 24,000 electric vehicles currently in use across the country, 5,808 operate on the Estonian-based ride-hailing application, representing about 24 percent of the national EV fleet.

NAIROBI, Kenya, Feb 9 – Two in every 10 electric vehicles (EVs) in Kenya operate under the ride-hailing platform Bolt, highlighting the growing role of mobility apps in accelerating electric vehicle (EV) adoption, an analysis by Capital FM shows.

Out of an estimated 24,000 electric vehicles currently in use across the country, 5,808 operate on the Estonian-based ride-hailing application, representing about 24 percent of the national EV fleet.

“The launch of the E-Mobility Policy provides important regulatory clarity for a transition that is already taking place on the ground,” said Dimmy Kanyankole, Senior General Manager for Bolt East Africa.

Kanyankole noted that ride-hailing platforms are playing a critical role in scaling up EV adoption by improving access to electric vehicles, including through partnerships with financial institutions that enable drivers to acquire EVs more affordably.

“By combining income-generating use with lower operating costs, ride-hailing is helping electric vehicles reach scale much faster than private ownership alone,” Kanyankole said.

Kenya’s EV market has expanded rapidly in recent years, driven largely by strong growth in electric motorcycles. Registered electric motorbikes increased from 678 units in 2022, contributing to an estimated national EV fleet of 24,000 vehicles by 2025.

Unlike privately owned vehicles, EVs operating on ride-hailing platforms benefit from higher utilisation rates, allowing drivers to recoup their investment faster while increasing public exposure to electric transport. This model supports both income generation and the broader rollout of electric mobility in urban areas.

Bolt said it continues to engage with policymakers and industry stakeholders to support the responsible growth of e-mobility in Kenya.

Visited 20 times, 20 visit(s) today

More on Capital Business

Climate

Yet beneath the glossy disclosures lies a more uncomfortable reality: ESG performance in Kenya remains uneven, difficult to verify independently, and heavily reliant on...

Kenya

Speaking during the World Governments Summit in Dubai, Miano said technology is no longer optional in the fast-evolving global travel industry but central to...

Technology

NAIROBI, Kenya, Feb 5 – Nigeria’s latest fintech policy push is sending ripples across Africa’s digital finance ecosystem, with potential implications for Kenya’s fast-maturing...

Kenya

NAIROBI, Kenya, Feb 4 – A national programme aimed at turning university research into market-ready products has helped mobilize Sh605.6 million and create 438...

Kenya

The administration places the firms under statutory protection as the administrators evaluate options to rescue the businesses as going concerns or secure better outcomes...

Kenya

Mohamed Daghar, principal secretary in Kenya's Ministry of Roads and Transport, said that Kenya is prioritizing electric mobility as it will facilitate the country's...

Kenya

The regulator’s Audience Measurement and Industry Trends Report shows that 54.4 per cent of Kenyans were using WhatsApp in the fourth quarter of the...

Kenya

Revenue from electricity sales climbed 6.9 percent to Sh114.9 billion, supported by stronger demand and improved distribution efficiency, while finance costs fell by Sh492...