EV News
EV News
From Adanna Nnamani and Sola Ojo, Abuja Despite the soaring cost of premium motor spirit (PMS), commonly known as petrol, not many drivers seem to be embracing compressed natural gas (CNG), which is 70 percent cheaper, as an alternative fuel for their vehicles in Nigeria. The Federal Government introduced CNG as a cheaper and…
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To sustain eco-friendly and affordable transportation, the Rivers State Government, led by the Governor Siminalayi Fubara, has signed a Memorandum of Agreement (MoA) with SIX-EV Ltd. to introduce electric three-wheelers and electric buses. This people-centered project aims to address the transportation needs of Rivers State residents, particularly in light of rising fuel costs, by…
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The Presidential Compressed Natural Gas Initiative (PCNGi) has announced that more than $200 million has been invested in the Compressed Natural Gas (CNG) value chain. This initiative encompasses the establishment of 140 conversion centres nationwide. In a statement issued on Wednesday, Michael Oluwagbemi, the Project Director and Chief Executive Officer of PCNGi, announced that…
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The Federal Government through the National Automotive Design and Development Council has initiated a process to begin the manufacturing and assembling of electric vehicles locally. It is planning a collaborative partnership with a Moroccan firm to begin EV production locally. The NADDC Director-General/CEO, Joseph Osanipin, disclosed this information in an exclusive interview with The…
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Kwara State University (KWASU) Malete has ventured into large-scale commercial conversion of petrol vehicles to Compressed Natural Gas (CNG) and electric vehicles. The varsity located in Moro local government said it has successfully converted three vehicles into electric and another one into CNG. At a press conference on Friday, the Vice Chancellor, Prof. Shaynkh…
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The results were the latest in which Ford has seen profits from its conventional internal combustion engine and fleet businesses offset losses in electric vehicles. Photo: JULIEN DE ROSA / AFPSource: AFP Ford reported lower profits Monday and reduced its full-year earnings outlook as hefty one-time electric vehicle (EV) expenses weighed on results. The…
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By Salif Atojoko Gov. Uba Sani of Kaduna State says his government has reduced cost of governance to save money for provision of education, healthcare and infrastructure. The governor said this while addressing State House correspondents after a meeting with President Bola Tinubu on Friday. He said his government had to make serious adjustments…
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General Motors’ Cadillar Lyriq is built in Spring Hill, Tennessee in a plant that can produce either conventional or electrical vehicles, depending on demand. Photo: SCOTT OLSON / GETTY IMAGES NORTH AMERICA/Getty Images via AFP/FileSource: AFP General Motors reported strong earnings Tuesday on robust pricing as the Detroit giant said it was hopeful about…
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…Warns against uncertified equipment …Experts urge private sector involvement to boost FG’s CNG initiative The Standards Organisation of Nigeria (SON) has attributed the recent explosion of a Compressed Natural Gas (CNG) vehicle during refuelling at a NIPCO filling station in Benin City, Edo State, to the use of a substandard CNG cylinder. The explosion,…
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Tesla, America’s foremost electric car manufacturer has quietly moved over $769 million worth of its BTC assets to several unknown wallets in a move sparking speculation in the crypto community. The transactions were picked up by Onchain tracker Arkham Intelligence which revealed that wallets linked to Tesla started making a series of transactions on…
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Deregulation of the petroleum downstream sector has commenced in earnest. JOSEPH INOKOTONG writes that Nigerians should remain patient and vigilant while anticipating positive outcomes such as increased infrastructure development and energy stability. In addition, commercial transporters who have received free FG CNG conversion kits through PCNGI must pass on these savings to their customers….
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The National Association of Nigerian Students, NANS has urged the federal government to channel its energy towards the development of CNG as an alternative to petrol. In a statement signed by NANS senate president, Afeez Akinteye, NANS noted that CNG will go a long way in reducing the heavy reliance on petrol, which has…
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