The World's Most Aggressive EV Push Isn't in China | Bloomberg Primer

(Corrects the spelling of Mia Mottley at 06:01) In 2024, Ethiopia became the first country to ban imports of new gasoline-powered cars, and the main reason wasn't global warming. Ethiopia was spending billions of dollars every year on imported fuel it couldn’t afford, and subsequently defaulted on its debt. Cheap hydropower from Africa’s largest dam made electric vehicles a practical alternative, and Chinese-made EVs — some assembled locally — quickly filled dealership lots. Today, Ethiopia’s EV share outpaces the global average. But sticker prices are too high for most, the grid remains patchy and armed conflict is flaring in the country and across the region. Can Ethiopia make its unprecedented bet on EVs pay off? 00:00 - 01:19 — Introduction 01:19 - 04:53 — Ethiopia’s Gas Car Ban 04:53 - 06:36 — Cheap Electricity In Ethiopia 06:36 - 07:55 — Chargers 07:58 - 10:42 — Flat-Pack Car Factory 10:42 - 11:56 — Mini buses 11:56 - 14:48 — Ethiopia’s Ambitions 14:48 - 15:44 — Conclusion 15:44 - 16:04 — End Credits Ethiopia’s Improbable Leap to Electric Vehicles: https://www.bloomberg.com/news/articles/2026-11-02/ethiopia-s-improbable-leap-to-electric-vehicles Charging infrastructure is anemic, the grid is spotty and renewed conflict could upend everything, but a major transformation is nevertheless underway. Watch more: https://www.youtube.com/show/VLPLqq4LnWs3olWuFFpsiq0cFkGs7WMb6MtA?sbp=QAE%3D #Ethiopia #EVs #Electricity -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for just $1.99 your first month: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg News for global news and insight in an instant.