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FG to Boost Local Production of Electric Vehicles by 30%

… Commences EV Technology Transfer Program

… Partners Zenith, Jaiz Banks for Auto Finance Scheme

ROTIMI ASHER

The federal government of Nigeria has projected that not less than 30% of locally produced passenger vehicles shall be Electric come 2025.

The Director General, National Automotive design and Development Council (NADDC), Mr. Jelani Aliyu, made this known recently at Abuja Sheraton Hotel during the launch of Hyundai Kona, Nigeria’s first locally produced electric car.

According to him, to make the projection a reality, the government has already embarked on an Electric Vehicle (EV) technology transfer program in collaboration with 3 universities.

The NADDC boss noted that the EV technology transfer is starting with Kona, unveiling of which he described as a testament to the achievements of the Council’s commitment and support for the local production of vehicles in the country.

He explained: “We have built six automotive training centres, which we shall leverage in EV technology transfer. Our target is to have 30 percent of all passenger cars produced in Nigeria be electric by 2025.

“The EV pilot program will allow us to gather the necessary empirical data needed towards an EV Policy which will further enhance investment into their production and create its sustainability.

“To assist Nigerians to own and drive the EVs and increase volumes, NADDC is working on a Vehicle Finance Scheme. We have reached an advanced stage of discussion with JAIZ and Zenith banks. And as soon as we receive the necessary approvals, we shall deploy the program.’’

‘’Imagine a Nigeria without cell phones, this technology has come and positively transformed lives.  It has empowered businesses and energized the banking sector. This is also what we strategize to do to the automotive sector, to empower and promote the integration of advanced technology in the mobility solutions produced and used in the country so as to dramatically enhance the lives of all Nigerians.

“Advanced technology will allow vehicles that are safer, much more efficient, and very low maintenance cost. For example, an EV car has thousands fewer parts than a conventional petrol or diesel engine. So it has far fewer part that can go wrong.’’

Aliyu  assured that NADDC(one of the 17 parastatals under the Federal Ministry of Industry, Trade and Investment) will continue to work with all relevant stakeholders in moving the automotive sector forward.

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