Is Nigeria ready for Electric Vehicles?

Today on the Techpoint Africa Podcast, Bolu sits down with Michael Mandela Oniemola, VP, Business Compliance and Government Relations, Autochek to discuss electric vehicles (EVs) and car financing in Nigeria

Some highlights:

• Nigeria's readiness for EVs
• Possible obstacles
• The impact of the economic downturn on the automobile industry

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Timestamps

00:00 - Introduction
01:22 - We meet Michael
02:57 - First thoughts on Nigeria's partnerships to manufacture EVs
04:07 - Is Nigeria ready for EVs?
07:04 - Can Nigerians actually avoid EVs?
11:57 - Can Autochek finance EVs
13:31 - Has there been a reduction in vehicle purchases
17:06 - How do Autochek interest rates work?
21:49 - How Autochek makes money
22:33 - Speaking on Autochek's acquisitions
25:59 - Customer behaviour in the different Autochek markets
28:32 - Solving the problem of trust
32:28 - Challenges unique to Autochek
33:43 - Is there a demand for EVs?
37:09 - Aren't our local manufacturers good enough for the government to partner with?

Useful links

• Nigeria signs MOU with foreign partners to manufacture electric vehicles, but local manufacturers say the country may not be ready for EVs
• Nigeria’s Siltech produces electric vehicles, for a clean and elegant Africa 
• Building Africa’s Tesla: Can JET Motor Company accelerate the adoption of electric vehicles in Africa?

This episode was produced by Ogheneruemu Oneyibo and Gracious Sede

Email us your feedback at [email protected]. Visit www.techpoint.africa for more stories.