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Treasury eyes Sh0.9m fuel saving per car on electric vehicle switch
Energy & Petroleum Principal Secretary Alex Wachira (centre) with Kenya Power Managing Director Joseph Siror (left) and chairperson Joy Brenda Masinde (right) poses with an electric vehicle at KICC Nairobi on April 23, 2024 during the 2nd Kenya Power E-Mobility conference and Expo.
A change over to electric vehicles (EVs) would yield an annual net saving of Sh984,580 on fuel expenses per unit under the leasing programme now entering the twelfth year, disclosures by the National Treasury showed.
Treasury says that the State will gradually shift from internal combustion engine vehicles (ICEs) to EVs to shield itself from a daily requirement of 15 litres of fuel per vehicle, which translates to Sh90,000 monthly spending or Sh1.08 million.
