2024–2025 In View  Electric Mobility Developments in Nigeria

1. Policy and Regulatory Developments

• PiCNG Launches Electric Bus Fleet and Clean Mobility Phase 2– The Presidential Initiative on Compressed Natural Gas (PiCNG) inaugurated 40 electric-powered buses in Abuja in December 2025 as part of a broader electric mobility programme, signalling stronger federal support for EV deployment in public transport. The buses will be deployed across several states to provide cheaper, cleaner public transport during the festive season and beyond. PiCNG also announced a Pi-CNG 2.0 initiative to expand clean mobility, including electric vehicle rollout and stronger charging infrastructure backed by private investment. 
• Federal Executive Council (FEC) Approves Electric Bus Procurement– In December 2025, the FEC approved N58 billion (approx.) for the acquisition of 200 electric buses by the National Automotive Design and Development Council (NADDC)—a significant national commitment to scaling EV buses for public transport and industrial value chain development. 
• Federal Government Electrification & Local Industry Support– The Federal Government reaffirmed support for indigenous EV innovation and manufacturing, including praise for locally developed electric buses by Nigerian EV makers and alignment with national industrial and transport transformation agendas. 
• EV Transition and Green Mobility Act – In November 2025, the Senate passed a second reading of the Electric Vehicle Transition and Green Mobility Bill, 2025. Key provisions include requiring foreign automakers to partner with Nigerian assemblers, build local assembly plants within three years, and reach 30% local parts sourcing by 2030. The bill mandates that all petrol stations install EV chargers and offers broad incentives, including import duty waivers, 5–10 year tax holidays, toll and road-tax exemptions, and subsidies for EV manufacturers and users. It also creates a national authority (under the Industry Ministry). It empowers agencies such as SON and NCS to enforce new rules, including strict fines (₦500M per unlicensed shipment, ₦250M per local-content violation), to ensure compliance.
• Import Tariffs and Standards – In 2025, the government revised customs rules to favour local EV production. Fully built EV imports now face higher tariffs, while parts for local assembly (batteries, motors, chargers) get lower duties and tax breaks. All EV imports must obtain SONCAP certification and meet Euro II emissions standards. These regulations aim to drive onshore manufacturing and quality control, aligning with the EV Bill’s goal of industrialising the sector.
• Tax and Fiscal Incentives – Various policies offer financial inducements for e-mobility. For example, Nigeria’s Automotive Council (NADDC) announced a 10-year tax holiday for any new local EV assembly plant (2023). The Energy Transition Plan (2022) also proposes tax rebates for EV buyers and investors in charging infrastructure. Lagos State committed US$260 million in 2024 to buy 5,000 new vehicles for its government ride-hailing fleet (LagRide), explicitly allocating 1,000 of those as EVs.
• Public Sector Adoption and Targets – The federal government has signalled support via commitments and plans. In 2024, Nigeria joined the ZEV (Zero-Emission Vehicle) Declaration, targeting 100% new EV sales by 2040. President Tinubu’s “Renewed Hope” agenda includes rolling out 100 electric buses for public transit (announced at COP28 2023). Ministries and agencies (e.g. Transportation, Education) are preparing EV procurement programs. The government’s Energy Transition Plan envisions a steep increase in EV uptake by 2050 and specifically calls for tax breaks for EV purchases and EV-charging businesses.

2. Industry and Market Updates

• EV Infrastructure Expansion – Major Nigerian players have begun building charging networks. In May 2024, NNPC (via its New Energies unit) partnered with Shafa and Nigus to open Nigeria’s first EV charging station in Abuja and signed an MoU to roll out chargers nationwide (including installation at Ashafa fuel stations). In August 2025, the Energy Commission unveiled a “zero-cost” hybrid EV charger in Abuja, offering free charging to anyone importing an EV. Private alliances are also forming: in September 2025, Jubaili Bros (power infra), EV24.africa (vehicle supplier) and tech firm illigo announced a joint venture to deliver an “end-to-end” EV ecosystem (vehicles, charging hardware and cloud management) in Nigeria. These efforts aim to alleviate the notorious infrastructure gap.
• EV Bus and Fleet Deployments – Public transit operators are piloting electric buses. Since 2023, Lagos State has run an EV bus pilot (with Oando Clean Energy and Chinese builder Yutong) on its BRT routes, later augmented by AI-driven scheduling software. Lagos reports that these buses have cut CO₂ by 13% on key corridors. Following a successful proof-of-concept (2 buses, 73,000+ riders, 57.8 tons CO₂ saved), Oando is now in the pilot phase with 50 e-buses in Lagos and will match the government’s plan for 100 EV buses nationwide. Meanwhile, Abia State plans the “Green Shuttle”, a 100-unit electric bus fleet (20 arriving in 2025) with solar-powered chargers and wheelchair access. In October 2025, media reports underscored Lagos and Abia as pioneers in Nigeria’s e-bus roll-out.

3. E-Hailing & Commercial EV Services- 

Foltï Technologies Launches eDryv— Nigeria’s Green EV Ride-Hailing Service.
eDryv, launched in April 2025 by Foltï Technologies Limited, is Nigeria’s first 95% green-powered electric ride-hailing service. The service operates EVs charged using in-house solar power plus battery storage, beginning operations in the Lagos Island area with scalable operations planned. Unlike traditional ownership models, eDryv operates on a transport-as-a-service (TaaS) platform to reduce fares.

4. Charging Infrastructure & Digital Platforms

•  EV Charging API Launch & Upgrades
  ConnectVolt (by EVC Point Nigeria) has launched and upgraded its EV Charging Data API, providing developers and EV service platforms with real-time, rich data on charging station locations, availability, power levels, operational context, and reliability scoring across key Nigerian cities like Lagos, Abuja, Port Harcourt, and Ibadan. This API supports smarter routing, fleet analytics, and charging network planning for both apps and enterprise clients. 

5. Private Sector & EV Adoption Initiatives

• Bankrol Camel EV – EV Sales, Leasing & Charging Services
  Bankrol Camel EV is actively positioning itself as an EV mobility solutions provider in Nigeria, offering electric vehicle sales (new and used), leasing options, EV charging stations, and fleet electrification support. While there is no specific press article on a single launch event, the company is actively promoting EV availability and service infrastructure via corporate communications and social media.

6. Local EV Manufacturers and Startups. 

• NEV Electric- First EV manufacturing and Assembly (Abuja) – officially launched its first electric vehicle (EV) assembly plant in Nigeria in February 2025, marking a significant milestone in the country’s transition toward sustainable and locally manufactured transport solutions. The facility, located in Abuja, with complementary operations in Lagos, strengthens Nigeria’s emerging EV manufacturing ecosystem and aligns with national industrialisation and energy transition objectives. The launch represents a strategic advancement in local EV production, supported by favourable Nigerian government policies, including tax incentives and import-duty relief for local assembly. NEV Electric’s operations are designed to reduce reliance on fully built EV imports while building domestic capacity across the electric mobility value chain. NEV Electric’s production focus includes electric buses such as the T6 model and electric tricycles, with an additional emphasis on retrofitting and converting existing petrol-powered tricycles to electric, offering a pragmatic pathway for decarbonising Nigeria’s widely used informal and last-mile transport segment.
• SAGLEV Electromobility (Lagos) opened a complete EV assembly plant in 2025 and received praise from the automotive council. SAGLEV won Nigeria’s 2025 “EV Brand of the Year” award for its local assembly and focus on affordable models. 
• Innoson Vehicle Manufacturing (Anambra) – Nigeria’s largest automaker, unveiled its first locally made electric car (the “IVM Fox”) in September 2024, and is setting up an EV production facility. 
• SiltechWorld (Lagos), which makes electric tricycles, made headlines in 2025 by exporting Nigeria’s first 100%-locally built EV to the U.S., the battery-powered “Elohim-Falcon” trike. Other homegrown brands (EMVC, NEV, FOLTI technology, Possible EVs, Jet Motor Co., etc.) continue to pilot e-cars, scooters, and buses tailored to local conditions.
• In 2025, Qoray Mobility further consolidated its position as a leading indigenous e-mobility player in Nigeria through a combination of technology milestones, infrastructure expansion, and strategic partnerships. The company made national and international headlines when its Teak electric three-wheeler set a Guinness World Record, travelling 347 km in 12 hours in Lagos, demonstrating the durability and real-world viability of locally deployed EV solutions. Qoray also significantly expanded Nigeria’s public charging ecosystem by commissioning DC fast-charging stations at premium locations, including the Sheraton Lagos Hotel and Marriott Hotel, Ikeja, helping to reduce range anxiety and normalise EV usage in commercial hubs. To address after-sales concerns, a key adoption barrier, Qoray entered a strategic partnership with TotalEnergies Marketing Nigeria Plc, enabling EV owners to access diagnostics, maintenance, and support through selected TotalEnergies service centres nationwide. Collectively, these developments position Qoray not just as an EV manufacturer, but as a full-stack e-mobility ecosystem enabler supporting vehicles, charging infrastructure, and long-term service reliability in Nigeria’s evolving electric mobility landscape.

7. Multinational and Private Sector Moves –

Global OEMs and local distributors are stepping in. In March 2025, CFAO/LOXEA Nigeria (distribution arm of Stellantis) introduced BYD electric cars to Nigeria, opening a Lagos showroom and setting up charging and service infrastructure. BYD joins other Chinese brands now present in Nigeria. Ride-hailing firms are experimenting too: Bolt Nigeria reported exploring joint EV fleets to cut driver costs by up to 40%. Meanwhile, fintech and mobility firms (such as Moove) continue to invest in financing models that could help Nigerians buy EVs.

8. Financial institutions and finance initiatives supporting e-mobility in Nigeria

• United Bank for Africa (UBA) – $100m Facility for e-Mobility and Fleet Financing
  United Bank for Africa provided Lagride with a $100 million financing facility. This mobility platform operates and scales EV operations by transitioning drivers into asset owners and expanding EV charging infrastructure in Lagos. This facility aims to convert daily earnings into long-term asset ownership, with performance-based financing for drivers and expanded charging infrastructure in strategic locations. 
• Nigerian Consumer Credit Corporation (CREDICORP)— a federal government-owned development finance institution launched in 2024, is designed to expand affordable consumer credit through partnerships with commercial banks and fintechs. This includes single-digit-rate loans for locally manufactured vehicles and solar solutions, which are relevant to e-mobility asset financing and to supporting broader EV uptake among businesses and individuals. 
• Jaiz Bank – Sustainable Auto & EV Financing – is actively promoting sustainable auto financing, including proposals to finance electric vehicles such as Hongqi EVs for state government fleets as part of its ESG-aligned financing strategies. This signifies growing engagement by commercial banks in financing EV purchases for corporate and public-sector clients. 
• Sterling Bank – Charging Infrastructure and Financing Initiatives
  Sterling Bank has taken concrete steps by launching an EV charging station in Yaba, Lagos, offering free charging for the initial months and demonstrating its commitment to supporting EV adoption infrastructure. The bank has also historically provided financing solutions for electric motorcycles and tricycles, working within the renewable and transport sectors to make EV purchases more accessible. 
• Multilateral and Development Finance Partnerships (IFC & Moove)
  Although slightly earlier than 2025, the International Finance Corporation (IFC) facilitated a $20 million financing package to Moove, a mobility fintech that expands vehicle financing for drivers and supports more energy-efficient vehicles in Lagos. This model underlines how development finance partners can enable fleet growth and access to greener mobility through structured funding. 
• Development Bank of Nigeria & Infrastructure Finance Platforms (Contextual Support)
  The Development Bank of Nigeria and infrastructure finance vehicles such as the Infrastructure Corporation of Nigeria provide broader project and risk-sharing capital to support EV-related MSME financing and infrastructure projects (including charging networks). However, direct EV programs are emerging rather than being fully established. 
• Pan-African E-Mobility Finance – Afreximbank & FEDA Support (Spiro)
  While not Nigeria-only, Africa Export-Import Bank (Afreximbank), through its Fund for Export Development in Africa (FEDA), backed $75 million toward Spiro’s $100 million funding round, a significant investment in battery-swapping infrastructure and EV scaling across African markets, including Nigeria, indirectly facilitating enabling finance for EV operations and infrastructure expansion. 
• Fintech & EV Lending Platforms (Emerging)
  Platforms like Possible EVs are building EV financing solutions (e.g., affordable loans, repayment monitoring, and smart contracts) tailored to the Nigerian market, representing a new generation of fintech-driven e-mobility finance solutions that reduce barriers for individuals and fleets shifting to electric vehicles. 

9. Adoption Trends and Market Challenges – 

Overall, EV uptake is still very modest. Estimates put only 15,000–20,000 EVs on Nigerian roads by early 2025 (roughly 0.5–1% of all vehicles), though sales have been rising steadily. High purchase prices and low charging coverage remain barriers. Industry experts note that consistent incentives and infrastructure will be needed to scale beyond niche fleets. However, with new policies (tax breaks, bus roll-outs, fleet targets) and active private investment, momentum is clearly building towards Nigeria’s electric mobility future.