Electric Vehicles are the future whether we like it or not. A petrol head like myself has had to bend the knee and accept that the future is electric mainly because many of the manufacturers are ending combustion engine vehicle production in the 2040s. This might be something that will take time to be a reality in Zimbabwe because we don’t yet have charging infrastructure as well represented as fossil fuel service stations but an e-mobility startup called ZimTorque is not deterred and has launched a “pay as you drive” or credit facility for electric vehicles to help speed up adoption.
For those who might be unfamiliar with the name, ZimToruqe is an organisation that started hosting events around cars in Zimbabwe. It then pivoted to being one of the biggest advocates for EVs in the country. We even had the founder of the organisation Tanaka Kutama on our Technikari podcast to go over the viability of EVs in Zimbabwe.
What are the terms?
ZimTorque/Emobility Traders are asking for a 50% deposit before the vehicle is shipped. You will then pay the balance of that vehicle in instalments over a set number of months depending on the value of the car. The automobiles on offer start from the very familiar Honda Fit Hybrid all the way to the Telsa Model S
|Total Price (US$)||Deposit (US$)||Months||Monthly Fees (US$)|
|2013 -16||Honda Fit Hybrid||8,500.00||4,250.00||8||531.00|
|2013 -16||Toyota Prius||8,500.00||4,250.00||8||531.00|
|2013 -16||Nissan Leaf EV||10,000.00||5,000.00||8||625.00|
|2017-21||Nissan Leaf EV||30,000.00||15,000.00||12||1,250.00|
|2017-20||Tesla Model S||90,000.00||45,000.00||24||1,875.00|
|2017-20||Tesla Model 3||65,000.00||32,500.00||24||1,354.17|
|2020||Hyundai Ioniq 5||55,000.00||27,500.00||24||1,145.83|
As you can see the types of vehicles can be the classic Battery Electric Vehicles (BEVs), or Hybrids and according to ZimTorque, it takes on average 6 weeks for the car to arrive.
Looking at what’s on offer, there is a decent spread from what is attainable to those with dizzying zeros in the price tag. But the addition of credit does make the electric vehicles on offer appealing. Having the flexibility to pay month to month is something that I am sure would interest a lot of people.
You can check out ZimTorque’s entire catalogue and their contact details with the link here.