Innoson Vehicle Manufacturing Company (IVM) has announced a huge achievement in the Nigerian automotive sector with the introduction of its first domestically produced electric vehicle.
This is a new chapter for Innoson, known for its focus on reducing the reliance on imported vehicles, as it aims to drive the transition towards electric mobility in Africa.
The company’s Head of Communications and Corporate Affairs, Cornel Osigwe, recently showcased the electric vehicle during a test drive at the firm’s production facility in Nnewi, Anambra State.
While details such as pricing, production volume, and release date remain undisclosed, this debut represents Innoson’s entry into the growing electric vehicle market.
Electric vehicles (EVs) are gaining traction globally as an important technology in reducing carbon emissions from road transport. According to the International Energy Agency (IEA), the sector contributes over 15% to global energy-related emissions.
The rise in EV adoption, driven by improvements in range and performance, saw approximately 18% of new cars sold in 2023 being electric. However, many developing nations, including Nigeria, face challenges in this transition due to higher costs and limited charging infrastructure.
In Nigeria, the introduction of locally assembled electric vehicles began in 2021 with Hyundai’s Kona, assembled by Stallion Motors. This initiative was part of a bigger goal by the National Automotive Industry Design and Development Council (NADDC) to promote sustainable transport through the establishment of solar-powered charging stations.
Despite these achievements, the country’s electricity infrastructure remains a major issue. Nigeria’s power generation capacity is around 5,000 megawatts, while demand reaches approximately 40 terawatts. High electricity costs and widespread reliance on backup generators further complicate the adoption of electric vehicles.
Innoson Motor’s mission in Electric Vehicle manufacturing points to the company’s steadfastness in leveraging local resources. Osigwe noted that sourcing raw materials domestically for electric vehicle production, including batteries, aligns with the company’s vision to bolster Nigeria’s manufacturing sector and reduce import dependency.
Innoson aims to provide affordable, high-quality vehicles made within the continent. The company moved from bolstering the motorcycle market to now tackling the electric vehicle sector, ultimately enhancing local manufacturing capabilities and driving economic growth.
