Overall, worldwide electric car sales were stronger than expected in 2020. Additionally, investment continued to pour into electric vehicles and Li-ion batteries with 2020 seeing an additional 200 GWh of planned capacity announcements in Europe. The above figure continues to grow on a regular basis in 2021. The past year has also seen Tesla, Volkswagen,…
ROTIMI ASHER Apart from the lack of political will by the Buhari administration to pass the auto Industry Development Plan (NAIDP) bill into law, which according to the government required some review, patronage has contributed to stunted growth witnessed in the auto industry in the last five years. The NAIDP was introduced in 2013 by…
Air taxi operators are unfazed by the 200 or so organizations designing vertical take-off electric aircraft. Air taxi operators have placed large orders with a company that models itself on Tesla, entirely making born-electric, conventional take-off, fixed-wing aircraft. Using extreme light-weighting, efficiency, and aerodynamics, Bye Aerospace has over $250 million of orders for two and four-seaters from air taxi operators and flying schools. It spent only…
One of the exciting take-homes from the recently held Lagos Motor Fair was the announcement by Coscharis Motors Plc, Ford brand’s sole authorized dealer in Nigeria, of the nearly Two Million Naira discount on one of Ford’s vehicle nameplates, the Ford ESCAPE. Announcing the Discount, Abiona Babarinde, General Manager Marketing and Corporate Communications for Coscharis…
