According to Monitor on July 13th, with the improvement of positive emotions, the automotive industry expects electric vehicles to dominate earlier than previously expected. They found that people's doubts about electric vehicles are decreasing, including their views on their durability and repairability. At present, the main obstacle to market growth is cost. However, the number of financial institutions developing financial products is also increasing. Allen Ssempa, the head of strategic partnerships at the Kampala Motor Show, stated that flexible financing options, favorable loan conditions, and increasing support from banks and car dealerships are enabling ordinary Ugandans to purchase electric or hybrid vehicles. Despite challenges such as limited charging infrastructure and relatively high initial costs, Ssempa stated that local initiatives and emerging financing options are beginning to narrow the gap. As the global push for cleaner and more sustainable transportation becomes increasingly strong, Uganda is gradually joining this trend. More and more Ugandans are embracing electric and hybrid vehicles, which is not only a trend but also a wiser and more responsible way of transportation.
