Nairobi motorists will pay a record Sh130.15 per litre of petrol or about Sh17.9 more this month when petroleum products start attracting 16 per cent value added tax (VAT). VAT is levied at the point of sale and is calculated as 16 per cent of all other costs in the product, including other taxes and levies, other than VAT. That means the additional pain at the pump will be compounded by rising global oil prices that have been steadily rising in recent months.
Buying an electric vehicle has long been pitched as being about saving something—the planet, your lungs, your children’s future, etc. EVs can also drive consumer savings. They aren’t just more environmentally friendly than cars with internal combustion engines: They cost a lot less to drive.
It is cheaper to drive a kilometre on electricity than it is to drive a kilometre on petrol plus electricity prices are much less volatile than fuel prices. Though your electricity costs will go up if you’re charging your EV at home, your fuel costs will go down by more.
Saving fuel isn’t the only EV cost improvement over a typical car. Since electric motors don’t have many of the complex moving parts found in a gasoline engine, EVs won’t develop the same problems. Changing the engine oil, coolant, transmission fluid, and belts can add up in value over time. By comparison, electric cars don’t have internal combustion engines, so these costs disappear. Universal vehicle expenses like tire and brake changes, insurance, and structural repair are part of owning any vehicle, but EV owners avoid many of the repeated costs associated with combustion engine upkeep.
With the advent of NopeaRide onto the Kenyan scene, this might just be the solution to the growing fuel costs in Kenya. Nopea pricing model is designed to be low for the passengers and fair plus economically sustainable for the drivers. Even better, investors are welcome to join the NopeaRide experience plus our cars are fully electric!