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With an average daily income of about 13,000 naira for a ride-hailing driver in Lagos, according to service provider Bolt Technology OU, the
Abuja, Nigeria – September 19, 2024: A new report by Sustainable Energy for All's Nigeria Energy Transition Office (ETO) and RMI (founded as Rocky Mountain Institute), reveals Nigeria's vast potential to harness economic growth through the production and adoption of electric vehicles (EVs).
Despite these hurdles, Nigeria has immense untapped potential to revolutionize its transportation landscape with electric mobility, and create jobs, reduce pollution, and ensure a more affordable and sustainable future for its citizens.
Lolade Abiola, Programme Manager, Energy Transition Office Nigeria, stated, "Electric mobility holds the key to Nigeria's sustainable future, offering not just cleaner transport solutions but also paving the way for technological advancement and energy security."
Transportation electrification is a key component of Nigeria's broader decarbonization strategy. At COP26, Nigeria committed to achieving carbon neutrality by 2060. Its Energy Transition Plan (ETP) outlines an ambitious goal to deploy 13 million electric vehicles - 60% of the country's total vehicles - by 2050, with 100% deployment by 2060.
By implementing supportive policies, fostering domestic EV assembly and manufacturing, and expanding charging infrastructure powered by reliable energy sources, Nigeria can accelerate its EV transition.
Build charging infrastructure: Reliable, accessible, and scalable charging infrastructure is essential for the success of Nigeria's e-mobility sector. Foster public-private collaboration: Strong partnerships between government and businesses will create a sustainable, thriving EV ecosystem.

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Based on a Cox Automotive estimate, the average cost of a new EV is about $55,600 (around ₦23m). This is substantially above the mean annual ₦2m salary earned by
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Nigeria has got its first electric vehicle (EV) ride-hailing service powered by 95 percent solar energy, a tech-driven mobility solution
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Transportation electrification is a key component of Nigeria''s broader decarbonization strategy. At COP26, Nigeria committed to achieving carbon neutrality by
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