Driving Into The Future: Possible Evs Partners With FG To Deploy 100 Electric Vehicles Before Q2 2024

Nigerian transportation is about to undergo a revolutionary change because to a partnership between the Federal Government (FG) and Possible EVs, an electric car manufacturer.

The goal of the partnership is to have 100 electric vehicles in use by the second quarter of 2024. 

With this large-scale project, Nigerians would have more sustainable transportation options, lower emissions, and promote a cleaner environment.

Let’s have an in-depth discussion on this innovative project.

 Potential EVS Works Together with FG To Set Up 100 Electric Cars 

The Partnership and Its Objectives 

Mosope Olaosebikan, the founder and CEO of Possible EVs, disclosed the partnership to Mr. Joseph Osanipin, the Director General of the National Automotive Design and Development Council (NADDC), during their meeting. 

By adopting electric cabs and buses, the main goal is to help Nigerians live in a cleaner atmosphere. 

Olaosebikan underlined the company’s dedication to producing high-quality electric cars and disclosed plans to engage with both domestic and international investors to raise $100 million.

Regional Manufacturing and Financial Effects

Olaosebikan underlined Possible EVs’ dedication to using local resources in the construction of electric vehicles by revealing that the company had opened a facility in Idu.

The partnership with the FG via NADDC is viewed as a chance to grow operations in Nigeria, generate employment, and strengthen the economy of the Nation. By the next year, 50% of local output is the target.

Accessibility and Affordability

In response to queries on affordability, Olaosebikan promised that the price of electric vehicles would drop for Nigerians once local manufacturers are operating at full capacity and there is a favorable business climate. 

This is in line with providing greater numbers of people with access to sustainable transportation options.

FG’s Environmental Impact and Commitment

The NADDC Director General, Mr. Joseph Osanipin, reaffirmed the Government’s commitment to assist businesses that produce electric vehicles. 

He pointed out the government’s willingness to work with forward-thinking businesses like Possible EVs and acknowledged the large investments that electric vehicles can bring to the Nation. 

The government’s goal of a healthier environment free from the health risks connected with pollution from traditional fuels corresponds with the development of electric vehicles.

Commonly Asked Questions

1. Are electric cars possible with the infrastructure that Nigeria has now?

• Yes, by developing a local production facility in Idu, Possible EVs is striving to create a sustainable ecosystem.
• The purpose of this action is to encourage the use of electric vehicles in Nigeria and address infrastructure-related issues.

2. How will Potential EVs guarantee that electric cars are within the reach of the typical Nigerian?

•  Possible EVs intend to create an atmosphere that is favorable for business while achieving affordability through local production.
• It is anticipated that the cost of electric vehicles will decrease as the business grows and makes use of regional resources.

3. What actions is the Federal Government doing to encourage the push for electric vehicles?

• The government is dedicated to helping up-and-coming businesses like Possible EVs through NADDC. 
• This entails offering the required assistance and creating an environment that promotes the expansion of the electric vehicle industry.

4. How will the partnership affect the creation of jobs?

• The partnership intends to grow Possible EVs’ operations in Nigeria to generate employment possibilities.
• It is believed that local manufacturing and rising electric vehicle demand would support the creation of jobs across a range of industries.

5. How would the environment benefit from the deployment of 100 electric vehicles?

•  By reducing the hazardous pollutants that come from conventional fuel vehicles, the adoption of electric vehicles helps to create a cleaner and healthier environment.
• This is in line with the government’s objective of encouraging environmentally friendly and sustainable transportation.

6. How long will it take for the 100 electric cars to be deployed?

• By the second quarter of 2024, 100 electric vehicles are to be in use. This rushed schedule illustrates how urgent it is to switch to sustainable transportation options.

7. How are worries regarding the dependability of electric cars in Nigeria being addressed by Possible EVs?

• Possibility EVs is dedicated to providing premium electric cars that adhere to the specifications needed for the Nigerian market
• . The partnership with the government gives it more legitimacy and backing.

8. Is the emphasis mostly on public transit, or will the electric cars be accessible for private ownership?

• Potential EVs intend to introduce electric buses and taxis, opening up the market to electric cars for both private and public use. This two-pronged strategy seeks to serve a larger demographic.

9. What policies are in place to motivate regional investors to take part in the initiative for electric vehicles?

• Potential EVs are actively interacting with nearby investors to establish a $100 million fund.
• By supporting the Company’s objective of reaching 50% local production by the following year, this money will motivate local investors to take part in the expansion of the electric car industry.

10. What effect will the partnership with the Federal Government have on the economy as a whole?    

• The partnership is anticipated to boost local production, generate jobs, and contribute to a more sustainable and clean transportation system, all of which will benefit Nigeria’s economy.
• The government’s dedication to promoting cutting-edge programs like electric cars is indicative of a larger goal for economic expansion and development.

In Summary

Finally, the partnership between Possible EVs and the Federal Government represents a critical turning point in Nigeria’s transition to sustainable transportation. 

In addition to addressing environmental issues, the deployment of 100 electric vehicles by Q2 2024 paves the way for the creation of jobs, economic expansion, and a move toward greener and more efficient forms of transportation. 

As Nigeria welcomes the electric car revolution, the collaboration between Possible EVs and the FG is a prime example of a forward-thinking strategy for determining the direction of Nigerian mobility in the future.