Will Nigeria's higher petrol prices boost EV switch?
Nigerians are exploring more Compressed Natural Gas and electric powered vehicles as more sustainable options. The shift away from Internal Combustion Engine is driven by recent petrol price shocks. Sam Faleye, Founder of Saglev Electric Vehicle Company says though the cost of a brand-new Internal Combustion Engine of the same model range of an electric vehicle is about 25 percent less, maintenance costs are about 60 percent higher. He joins CNBC Africa for more on cost and maintenance metrics of electric vehicles and the overall market appetite.
Fri, 06 Sep 2024 11:39:48 GMT