Nigeria crawling in global race for electric vehicles
For many developed countries, the switch from fossil fuel to cleaner and renewable sources of energy is ongoing and inevitable, and electric cars, a key part of this, threaten the…
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Electric Vehicle
Lagos, Oando sign deal for electric mass transit buses
The Lagos Metropolitan Area Transport Authority (LAMATA) has signed a Memorandum of Understanding (MoU) with Oando Clean Energy Limited to roll out electric mass transit buses, charging…
Electric car sales double in 2021 in new threat to Nigeria’s oil revenues
Global electric-vehicle (EV) sales more than doubled in 2021, bucking the trend in what was a difficult year for the automotive industry due to the global chip shortage. The sharp rise poses…
Global EV sales hit 6.6million in 2021 amid supply chain challenges
Electric Vehicle sales went up to 6.6million units, globally in 2021, even as it was faced with challenging supply chain bottlenecks, the latest International Energy Agency report indicates.…
Tesla hits trillion dollar market cap
The automaker’s market capitalization hit the trillion-dollar market cap for the first time on Monday, following the news that Hertz would buy several billion dollars worth of Tesla cars.…