Abuja-based Possible Electric Vehicles (PEV) Welcome NADDC Boss, To Roll Out 100 EV Buses

Abuja-based EV startup, Possible Electric Vehicles (PEV) Limited, welcome NADDC boss, Joseph Osanipin.

PEV, in partnership with foreign Original Equipment Manufacturer, to establish EV manufacturing facility in Nigeria.

Also in partnership with FG, Possible Electric Vehicles Limited will roll out 100 EV buses in the next four months.

Possible Electric Vehicles (PEV) limited, an Abuja-based Nigerian electric mobility company founded in 2021, has announced plans to set up a mega manufacturing plant in Nigeria to produce electric vehicles.

The Chief Executive Officer of PEV, Mr. Mosope Olaosebikan, made this known on Friday 22nd December, when the Director General, National Automotive Design and Development Council (NADDC), Mr Joseph Osanipin, paid a visit to the company in Abuja.

Speaking at the visit, the Director General commended management of PEV limited for the giant step and expressed the Council’s readiness to partner with stakeholders to develop and promote EV in Nigeria.

“We are here as the agency that regulates the automotive sector, we deemed it fit to reach out to stakeholders in the industry and one of them is Possible Electric Vehicles limited. Our role is to create an enabling environment to make sure they are one of the leading pioneers of EVs in Nigeria”.

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NADDC boss encouraged Nigerians to embrace EV technology in view of its environmental friendliness and contribution to the economy.

“EV is the cleanest of all means of transportation, as we are trying to see how we can grow the production of local components from it’s current state to a minimum of 40%”.

Earlier in his speech, Mr Olaosebikan said the company is working in partnership with foreign Original Equipment Manufacturer to establish a mega EV manufacturing facility in Nigeria.

In addition, the Chief Executive Officer of PEV said that the company, in partnership with the Federal Government, will roll out 100 EV buses in the next four months.

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