Electric vehicles manufacturers plan big for Nigeria

Driven by high optimism that the hike in the price of petrol and the government’s insistence that there is no more fuel subsidy, are enough motivation for Nigerians to embrace electronic vehicles as the EV manufacturers plan big for the market.

One of the EV manufacturers, SAGLEV, said its 5000sqm Assembly Plant located in Ikorodu Lagos which is expected to begin production in December 2023, will be assembling 2,500 electric vehicles annually on one shift and the plan is to increase it to 2 shifts to produce 5,000 annually.

Similarly, another mobility company with its plant located in Abuja, Possible Electric Vehicle Solution (Possible EVS), said its manufacturing plant, when fully operational, will produce up to 10,000 electric vehicles yearly—including minibuses, tricycles, pick-ups, and taxis—at its initial phase.

Earlier, another EV Manufacturer with a plant in Enugu, Roxettes Motors, said its plan is to become Nigeria nay Africa’s Tesla equivalent, and with the full deployment of technology tools in the production process, will match Tesla EVs in the nearest future.

The company said its plant will be producing compact and subcompact cars, midsize sedans, SUVs, Buses, large Trucks, and luxury cars, for a wide range of clientele not only in Nigeria but all across Africa.

The Chief Executive Officer of SAGLEV, Mr. Gbenga Faleye, believes that EVs like SAGLEV’s sedan going for N18 to N20 million are quite affordable compared with say a brand new Toyota Corolla selling for about N37 to N40 million.