Recently, there has been a buzz in the news about electric vehicles in Nigeria. For advocates of electric mobility, this is a monumental stride towards sustainable transportation right here in Nigeria. Abuja, Lagos, and, surprisingly, Maiduguri, now spearhead the country’s charge towards achieving net-zero emissions by 2060.
Several landmark initiative, like the first electric vehicle experience center in Nigeria, places Nigeria prominently on the global sustainability map.
Possible EVS’s efforts in accelerating vehicle electrification heralds promising prospects for Nigeria. With our increasing population, projected to reach 377 million by 2050, Nigeria grapples with a surge in vehicle numbers, creating an urgent need for sustainable transportation solutions.
While our EV industry is budding, initiatives like Stallion Group assembling Hyundai Kona cars locally and innovative brands like Possible EVS set to deploy 100 electric buses across the country signal a promising start. And Mosope Olaosebikan, a young Nigerian Entrepreneur and CEO of Possible Electric Mobility Limited, is setting up a green manufacturing plant for th assembling of Nigerian-made EVs. Additionally, companies like Savenheart Investment Limited are offering EV motorcycles, marking a diversified EV market.
Though the initial costs of EVs might seem steep, the long-term payoff is evident. What happened with the GSM technology, how it became cheaper and advanced as more companies entered the market, is the same trajectory EVs will follow.
President Tinubu’s promise to fortify the credit system could pave the way for more accessible EV purchases on credit, mirroring models seen in advanced economies.
State Governments can foster an enabling environment to attract EV manufacturing companies, emulating strategies deployed by US city mayors to lure Asian EV manufacturers to their cities.
The strides being made in Lagos, Abuja, and Borno symbolize a monumental leap forward, reinforcing our commitment to pioneering sustainable transportation solutions in Nigeria. As we witness Teslas on Nigerian roads and the growing EV landscape, we stand poised to usher in a new era of electric mobility in Nigeria.
