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Business

Electric vehicle prices drop globally in 2025, US lags behind

Electric vehicles became more affordable across much of the world in 2025, but the trend largely bypassed the United States. Electric cars now account for one in every four vehicles sold globally, underscoring the rapid pace of adoption worldwide. In contrast, EV penetration in the U.S. remains around 10 per cent, according to the International […]

featured Policy and Regulations

Senate greenlights bill for Nigeria’s transition to electric vehicles

A Bill seeking to provide a comprehensive framework for Nigeria’s transition to electric vehicles and green mobility has scaled second reading in the Senate. The Bill aims to position Nigeria to benefit from the global shift toward green transportation by encouraging investment, innovation, and industrial growth in the electric vehicle sector. It also seeks to […]

Aston Martin postpones launch of first battery electric vehicle
Tech

Aston Martin postpones launch of first battery electric vehicle

Aston Martin announced on Wednesday that it is postponing the launch of its first battery-electric vehicle by a year. The London-listed luxury carmaker now plans to release the BEV in 2026, delaying the launch from its previous target of next year. In June of the previous year, Aston Martin had entered into a supply agreement […]

Canoo signs incentive agreement with Cherokee, Oklahoma
Tech

Electric-car company Canoo seals incentive agreement with Oklahoma, Cherokee

Burgeoning startup, Canoo, has unveiled groundbreaking incentive agreements with the state of Oklahoma and the esteemed Cherokee Nation, setting the stage for a transformative injection of approximately $113 million over the course of the next decade. This visionary move has already set the wheels in motion, as Canoo has embarked on a robust recruitment drive […]

Nigeria to begin electric cars manufacturing, initiates validation phase
News

Nigeria to begin electric cars manufacturing, initiates validation phase

The Nigerian government’s Automotive Policy includes intentions to start the development of electric vehicles. The Permanent Secretary of the Ministry of Industry, Trade, and Investment, Dr. Evelyn Ngige, said this at the Validation Workshop of the Draught National Action Plan for the Development of EVs in Nigeria that took place in Abuja. According to Ngige, […]

How VIN affected vehicle importation - Customs
Transportation

NEC backs NADDC on mass production of electric vehicles

The National Economic Council has backed the move by the National Automotive Design and Development Council, to begin mass production of Electric Vehicles and Compressed Natural Gas-powered vehicles in the country.   Addressing the inaugural NEC meeting presided over by the Vice President, Kashim Shettima, on Thursday in Abuja, the NADDC Director-General, Jelani Aliyu, said […]

Oando Logo
Business

Oando receives electric buses for Lagos transportation 

Oando Clean Energy Limited, which is a division of Oando Plc, has received a fleet of electric buses intended for transportation in Lagos State. According to The Punch, the company released an official statement regarding this matter on Tuesday evening. Oando Clean Energy Limited in 2022 signed a Memorandum of Understanding with the Lagos Metropolitan […]

General Motors
Business

GM to stop Chevrolet Bolt EV production this year

General Motors announced on Tuesday that it will cease production of its Chevrolet Bolt electric vehicle later this year to prioritize zero-emission production of trucks and SUVs built on a new battery platform. According to GM’s CEO, Mary Barra, “We have progressed so far that it’s now time to plan to end the Chevrolet Bolt […]

The Black, Red and Yellow Germany's National flag
Business

German auto association predicts 50% rise in electric car production

The German auto industry association, Verband der Automobilindustrie, has projected that electric passenger car production in Germany, the largest economy in Europe, will surge by 50% to over a million cars in 2022. According to Reuters, the rise in production will follow increased foreign demand and automakers ramping up their electric vehicle production. VDA head […]

Elon Musk discloses plans for self-driving cars
Business

Tesla cut EVs prices fifth time in 2023

Tesla’s website revealed on Thursday that the Electric Vehicles giant has reduced prices on its vehicles in the United States by between 2% and nearly 6% which makes it the fifth reduction in 2023. According to Reuters, the electric vehicle giant has been cutting prices in its largest market since the beginning of this year. […]

Our Next Energy (ONE) CEO Mujeeb Ijaz stands next to Aries lithium iron phosphate battery packs waiting to undergo testing at ONE's headquarters in Novi, Michigan, U.S., April 25, 2022. REUTERS/ Rebecca Cook
Business

US EV battery startup ONE’s valuation hits $1.2bn

Our Next Energy, a US-based maker of batteries for electric vehicles, reported that it closed a $300 million Series B funding on Wednesday. This round takes the valuation of the startup that is three years old to $1.2 billion. Our Next Energy is now among the most valuable privately held battery companies in the country […]

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