What are the energy storage vehicles in zambia

Can Zambia create a competitive electric vehicle battery value chain?

Mr. John Mulongoti, Permanent Secretary-Investments and Industrialisation, MCTI, in his opening remarks shared Zambia’s resolve to create a competitive Electric Vehicle Battery value chain leveraging on the presence of the critical minerals, tailored towards sustainable development and inclusive growth.

How will the removal of customs duty affect electric vehicles in Zambia?

The removal of customs duty for full electric vehicles and the reduction of customs duty for hybrids is a very welcome development. This will help reduce the costs of electric vehicles in Zambia, making them more competitive with ICE vehicles from an upfront purchase point of view.

Are EV companies pursuing a symbiotic relationship in Zambia?

President Hichilema said, “We have the natural resources, they have the technology. This is the symbiotic relationship we are pursuing with companies like BYD and CATL, who are the largest EV and energy storage battery manufacturers, to invest in Zambia.” Exciting times for the EV sector in Zambia.

What is the US-Zambia-DRC agreement on EV batteries production?

The U.S.-Zambia-DRC Agreement on EV Batteries Production: What Comes Next? The United States, Zambia, and the Democratic Republic of Congo (DRC) signed a memorandum of understanding (MOU) on the electric vehicle (EV) batteries industries in December 2022.

How will the US work with the DRC and Zambia?

The U.S. government will work with the DRC and Zambia to ensure the private sector has a level playing field to participate in these projects. The Memorandum of Understanding is available here. For further media information, please contact [email protected].

How can local content opportunities improve the value chain in Zambia?

The identification and exploitation of the various local content opportunities will help deepen the domestic footprint of the value chain in Zambia and ensure that linkages are developed and strengthened as the value chain evolves.