Why Electric Vehicles Are Increasing In Nigeria.
Channel: Africa Reloaded
Date: 31/05/2022

Why Electric Vehicles Are Increasing In Nigeria. 
Electric vehicles (Evs) are already being driven by millions of people around the world, and sales are expected to continue to rise. Evs acquired 7.2 percent of the global market share of all new vehicles in the first half of 2021, nearly treble what it was in 2019. According to the International Energy Agency (IEA), the number of electric vehicles on the road will reach 145 million by 2030, accounting for around 7% of all new and used vehicles registered in that year. Nigeria is also gaining traction with electric vehicles. The first made-in-Nigeria EV, the Hyundai Kona by Stallion Motors, was introduced by Nigerian Vice President Yemi Osinbajo in June 2021. In April, the National Automotive Design and Development Company opened the country’s first electric vehicle charging station at Usmanu Danfodiyo University in Sokoto, Nigeria’s northwestern state. Furthermore, with a bidirectional charging plan, EV deployment in Nigeria has the potential to promote renewable energy development. Electric vehicle implementation could also reduce emissions, cut energy sector investments, and eliminate the need for costly petroleum subsidies. 
Hello Fellow subscribers, welcome to Africa Reloaded. Today we will be looking at the use of electric vehicles in Nigeria. Join us as we go on this journey to discover more about the benefits and challenges to Nigerians. 

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