Electric Vehicle charging generates Ksh.190M for Kenya Power in one year

New data released on Wednesday by Kenya Power reveals that electricity consumption for charging electric vehicles (EVs) skyrocketed by 188% in 2025, helping the company generate KSh.190 million, up from KSh.64,843,181 a year ago.

The impressive Ksh.126 million growth was occasioned by a surge in demand for power by electric vehicles.

According to Kenya Power, as of 2025, Kenya had registered over 35,000 EVs, the majority of which were motorbikes popularly known as boda bodas.

"Total electricity used by the e-mobility sector jumped from 2.9 million units in 2024 to over 8.4 million units this past year," reads a statement from Kenya Power.

"This surge in demand has significantly boosted Kenya Power’s bottom line, with revenues from EV charging growing to KSh.190.8 million, up from Ksh.64.8 million just a year prior."

The announcement comes after the government officially launched the National Electric Mobility Policy, meant to slash Kenya’s $5 billion annual petroleum import bill while leveraging a national grid that is already 90% renewable.

For electric buses, motorcycles, and lithium-ion batteries, the excise duty has been eliminated, making green transport more affordable for both public operators and private commuters.

Kenya Power boasts of having successfully lobbied for the introduction of an e-mobility electricity tariff, which was gazetted by the Energy and Petroleum Regulatory Authority (EPRA) in March 2023.

"To date, a total of 205 customers have been onboarded to this tariff, under which they are charged KShs. 16 per unit during the peak period and KShs. 8 per unit during off-peak hours," reads the statement.

"We have already installed five EV chargers across our offices at Stima Plaza, Donholm, Ruaraka, Electricity House (Nairobi) and Ragati. We are at various stages of setting up additional EV chargers in Voi, Mombasa, Nyeri, Nakuru and Eldoret,” added Dr. (Eng.) Siror.