The African nation of Ethiopia recently announced that it plans to ban the import of petrol and diesel cars. He further said that efforts were being made to set up charging stations for electric cars. The new policy aims to restrict foreign exchange resources for buying new internal combustion engine (ICE) cars and also reduce crude oil imports in the country. The ban on the import of ICE vehicles will make a dent in the plans of existing automakers operating in the market. These plants are equipped to make ICE and electric vehicles.
