Kenya Power Sees Rising Revenue for Electric Vehicles as Growing Demand for the Vehicles

Kenya Power is recording rapid growth in revenue from electric vehicle charging. The utility is now moving more EV users to a dedicated electricity tariff as adoption of electric mobility gathers pace.

The power distributor says EV charging generated KSh382 million in revenue between July 2023 and April 2026, highlighting the growing commercial potential of the sector.

To support this growth, the company is identifying customers charging electric vehicles through ordinary electricity accounts and transitioning them to the E-mobility tariff introduced in 2023.

Under the tariff, users pay KSh16 per kilowatt-hour during peak periods and KSh8 during off-peak hours. Kenya Power Managing Director Joseph Siror said the initiative is intended to increase awareness, support the market and accelerate the uptake of electric mobility across the country.

The programme targets a wide range of users, including private vehicle owners, public transport operators, two- and three-wheeler operators, logistics firms, county transport systems, small businesses and individual consumers.

Kenya Power currently has 331 customers registered under the E-mobility tariff and expects the number to rise to 1,000 before the end of the current financial year as more charging stations, fleet operators and electric transport businesses join the programme.

The growth is also reflected in electricity consumption. Monthly EV-related electricity sales increased from 13,500 kilowatt-hours in July 2023 to 1.5 million kilowatt-hours by April 2026. Monthly revenue from the segment also rose significantly, reaching a record KSh35.25 million in February.

Nairobi accounted for the largest share of EV-related revenue at KSh271.9 million, followed by the Coast region at KSh55 million, North Eastern at KSh35 million and West Kenya at KSh11.5 million.

Industry projections indicate that EV charging could generate KSh5.79 billion in annual electricity sales by 2030, supported by an estimated demand of 121 gigawatt-hours, underscoring the sector’s growing importance to Kenya Power’s future revenue stream.