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Fuel prices, policy push Nigeria’s electric vehicle market toward 2026 boom

Industry executives in Nigeria project accelerated growth for the country’s electric vehicle (EV) market in 2026.

Leaders from distributors and assemblers in Lagos, Abuja, and Port Harcourt cite rising fuel costs, supportive policy signals, and increasing private investment as key drivers.

Customer inquiries more than doubled in 2025, indicating that the coming year could be a tipping point for adoption by private buyers and commercial fleets.

Dr. Kaycee Orji, Chairman of Roxettes Group, stated that his company has long championed EV adoption in Nigeria. He pointed to China’s aggressive shift—aiming for a full transition by 2030, with current adoption nearing 90%—as the clear direction of the global auto industry.

Orji warned that without a defined national transition strategy, Nigeria risks becoming a dumping ground for used internal combustion engine vehicles from countries enforcing phase-outs. He highlighted the proposed Electric Vehicle Transition and Green Mobility Bill, 2025, as a comprehensive measure crucial to overcoming barriers and accelerating EV uptake.

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