Due to the import ban on combustion-engined cars, the Ethiopean banks are more willing to subsidize electric vehicles than second-hand fossil-fueled cars /pexels
Two years ago, when Ethiopia announced an immediate ban on the import of internal combustion engines, everybody reacted with a mixture of skepticism and indifference.
It was viewed as a bold, perhaps desperate, fiscal maneuver by a nation grappling with fuel shortages and a hard-currency deficit.
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