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prices of different kinds of cars in Ethiopia

Both commercial and private automobiles imported into Ethiopia might be subjected to five different types of tariffs, according to the Ethiopian Revenues and Customs Authority. Despite the high tax burden, however, the number of car imports is increasing. According to government figures, Ethiopia imported 110,000 cars in 2016, an increase of more than 50% over the preceding two years. A car (or automobile) is a motor vehicle with four wheels that is used for transportation. Cars are typically defined as vehicles that drive largely on roadways, seat one to eight people, have four wheels, and primarily transport people rather than cargo, according to most definitions. Cars became widely used in the twentieth century, and industrialized economies rely on them. Using a car has both costs and benefits. Acquisition of the vehicle, interest payments (if the automobile is financed), repairs and maintenance, fuel, depreciation, driving time, parking fees, taxes, and insurance are all costs to the individual. Maintaining roads, land use, traffic congestion, air pollution, public health, healthcare, and disposing of the vehicle at the end of its life are all expenses to society. Worldwide, traffic crashes are the leading cause of injury-related deaths. On-demand transportation, mobility, independence, and convenience are all personal advantages. Economic benefits from the automotive industry, such as job and wealth development, transportation provision, societal well-being from leisure and travel opportunities, and tax revenue collection are all examples of societal benefits.

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