Business

Possible EVs to collaborate with FG to deploy 100 electric vehicles before Q2 2024 

As part of efforts to promote the manufacturing and usage of electric vehicles (EVs) and help ease transportation for Nigerians, the Federal Government and Electric EVs, an electric vehicle manufacturing company, will collaborate to deploy 100 vehicles before the second quarter of 2024.  

This was disclosed by the Founder and Chief Executive Officer, of Possible EVs, Mosope Olaosebikan, when the Director General of the National Automotive Design and Development Council (NADDC), Mr Joseph Osanipin, Director visited the Possible EVs Experience Centre in Abuja on Friday.  

The Possible EVs boss revealed that the essence of the meeting was to seek the collaboration of the NADDC to ensure a clean environment for Nigerians. 

Olaosebikan further disclosed that Possible EVs had been set up in a factory in Idu to facilitate the production and usage of local materials, thus increasing local content. 

He noted that collaborating with the Federal Government, through the NADDC, will provide the opportunity for the company to expand its operations in Nigeria.  

Furthermore, the Possible EV boss assured that once On affordability, Olaosebikan said once the manufacturing of local production has commenced, coupled with the right environment to do business, the cost of the EVs would become affordable for Nigerians.  

The NADDC DG, Mr Joseph Osanipin, said the government recognised the level of investment EVs could bring to the country, adding that the current administration was committed to collaborating with relevant stakeholders to support such innovations. 

Also, he stressed that the adoption of electric vehicles was to go for the country as it did not cause the numerous health hazards associated with emissions from vehicles that run on traditional fuel.