- Over $160 million was invested in twelve companies in the E-Mobility Ecosystem for the period 2018-2024.
- It said that the cumulative electric motorcycles that have been produced since 2019 are 4,254 from key players that include Gogo Electric, Zembo, Spiro and Redvers.
Over $160 million was invested in twelve companies in the E-Mobility Ecosystem for the period 2018-2024 in the areas of research & development, manufacturing, and charging infrastructure, according to the Uganda E-Mobility Outlook Report 2024.
The report by the Ugandan Minister of Science, Technology, and Innovation says 70 per cent of the investments were provided by the government of Uganda.
Minister of Science, Technology, and Innovation Monica Musenero, in her forward in the report, notes that “With our intentional fiscal and non-fiscal interventions, we have attracted investment of over USD 160 million and built the nation’s capacity to produce up to 10,000 electric vehicles annually with up to 40 per cent local content.”
There is a total investment commitment from the private sector of $800 Million over the next five years said the report released ahead of this year’s National Science & Technology Week.
The National Science & Technology Week 2025, set for this week, will showcase the progress made by STI towards igniting the qualitative leap of Uganda’s economy. Taking place in Kololo, the exhibition will demonstrate product market fit for Ugandan products.
The Uganda E-Mobility Outlook Report is an annual publication that reports on recent developments in e-mobility in Uganda. It is developed with the support of members of the Inter-Ministerial Technical Taskforce on E-Mobility and Uganda’s E-Mobility Ecosystem.
The report said the number of electric motorcycles produced in Uganda per year grew from thirteen (13) in 2019 when production commenced, to 2,795 in 2024, specifically growing by 139 per cent between 2023 and 2024.
It said that the cumulative electric motorcycles that have been produced since 2019 are 4,254 from key players that include Gogo Electric, Zembo, Spiro and Redvers.
The report reveals that Uganda’s full electric and hybrid electric vehicle stock (excluding electric two- and three-wheelers) grew from 2 units in 2019 to 1,127 units in 2024 with 88 per cent of these vehicles registered in 2024. 8 per cent of these vehicles were Fully Electric Vehicles (FEV), 2 per cent were Plug-in Hybrid Electric Vehicles (PHEV), and 90 per cent were Hybrid Electric Vehicles (HEV). SUVs and hatchbacks constituted the biggest share of the electric vehicle stock across all categories.
This E-Mobility Outlook Report provides a review of Uganda’s progress, as of December 2024, in building a globally competitive and sustainable E-Mobility ecosystem. It tracks key milestones in line with the National E-Mobility Strategy priorities and targets.
With over 5,000 electric motorcycles and 27 buses already on the road with up to 40 per cent local content and set up charging infrastructure across the country, the National Science & Technology Week 2025 will showcase the progress made by STI towards igniting the qualitative leap of Uganda’s economy.