Tag: Electric Vehicle

  • 2,000 Nigerian youths to get free electric vehicle maintenance, manufacturing training

    2,000 Nigerian youths to get free electric vehicle maintenance, manufacturing training

    The Director General of the Youth in Parliament Forum (YIPF), Tony Nwulu, has said 2,000 Nigerian youths will benefit from free training in electric vehicle (EV) maintenance and manufacturing under a new partnership programme with CAWIN Mobility Limited.

    The initiative, unveiled in Abuja, is part of a broader programme aimed at empowering young people with the technical skills needed to prepare Nigeria for the growing adoption of renewable energy and green transportation.

    Nwulu described the project as a “historic milestone” that would position Nigerian youths at the forefront of the global transition to sustainable mobility.

    “One of the biggest challenges in the coming years will be who services electric vehicles when they develop faults. Through this partnership, we are equipping 2,000 Nigerian youths with the skills to fill that critical gap,” Nwulu said at the signing of a Memorandum of Understanding between YIPF and CAWIN Mobility.

    He explained that as electric vehicles gradually make inroads into the Nigerian automobile market, it was important to ensure the country was not left behind in terms of technical expertise and manpower.

    Nwulu said the initiative, which commences on the 20th of this month, is designed to prepare young Nigerians to take advantage of the fast-emerging opportunities in the renewable energy and green transportation sector.

    “This project is open to all Nigerian youths across the country. If you are interested in electric vehicle repairs, simply visit our website at www.yipf.org.ng, fill out the form, and you will be contacted. The programme is completely free. You are not paying one kobo to be trained,” he said.

    According to him, the training will target 1,000 engineering students and another 1,000 mechanics drawn from across the country.

    Nwulu noted that the rise of EVs in Nigeria made it urgent to build local technical capacity for repairs and maintenance.

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    “Today, if you drive past 20 vehicles, you are likely to see at least one electric vehicle. Like every other car, it will require servicing at some point, and the critical question is: who will fix it when it develops faults?” he said.

    He added that the YIPF’s partnership with CAWIN Mobility was not just about selling electric cars, but also about ensuring the manpower exists to support their use.

    “After-sales support and servicing are very important to everyone who buys these vehicles. This programme ensures that the technical skills are available locally so that EVs do not end up abandoned after a few years. With this training, we are preparing Nigerian youths to lead Africa in this innovation,” Nwulu stressed.

    Beyond the youth training programme, the partnership also introduced the Lawmakers Car Acquisition Scheme (LCAS), which will give federal lawmakers access to both electric and conventional vehicles at affordable prices, with flexible payment plans and after-sales services included.

    Nwulu stressed that the scheme was designed to ease the challenges lawmakers face in carrying out their duties, while also promoting cleaner and more sustainable transportation options.

    “This collaboration reflects our shared commitment to youth empowerment, sustainable mobility, and national development. It is a testament to what is possible when innovation meets purpose,” he added.

    Nwulu commended CAWIN Mobility for believing in the vision and supporting an initiative that combines youth development with green energy advocacy. He also expressed appreciation to stakeholders and members of the media who witnessed the launch.

    “With this partnership, we are driving a future where our youths are empowered, our lawmakers are equipped, and our nation is positioned as a leader in the green revolution,” he said.

    Chairman of the House of Representatives Committee on Youth in Parliament, Hon. Olamijuwonlo Alao-Akala, said the training would equip young Nigerians with the technical skills needed to prepare for the global shift towards sustainable mobility.

    “The world is moving into the electric era, and Nigeria cannot afford to be left behind. Through this programme, we are ensuring that when electric vehicles arrive in the Nigerian market, we will already have a prepared workforce and infrastructure to maintain and service them,” he said.

    He explained that the collaboration with CAWIN Mobility was not only about introducing electric cars into the Nigerian market but also about creating a sustainable support system for their use.

    “The future is electric, and we must train the next generation to understand and lead in this transition. This training programme specifically targets the EV market, ensuring our youths are not caught unprepared but are ready to drive innovation,” he said.

    Alao-Akala emphasized that the training, which commences this month, would be free for all participants.

    “Two thousand youths will benefit from this programme without paying a kobo, and that is a historic opportunity for empowerment,” he noted.

    He praised CAWIN Mobility for bringing its expertise to Nigeria and for agreeing to train Nigerian youths, while also commending his colleagues in the National Assembly for showing commitment by attending the event despite being on recess.

    “This partnership is meaningful, purposeful, and designed for the future of our country. We are committed to ensuring Nigerian youths get it right,” Akala added.

    Managing Director of CAWIN Mobility, Wayne Ji, said the initiative would prepare young Nigerians to play a central role in the country’s transition to green mobility.

    “This ceremony is not just symbolic; it is a promise to our youth, our environment, and Nigeria’s economic growth.

    “In China, electric vehicles drove a new wave of industrial revolution. We believe Nigeria can achieve the same transformation,” Ji said.

    Under the partnership, 1,000 technicians will be trained to immediately serve in garages and service centers, while 1,000 engineers will undergo advanced training in partnership with Nigerian universities, focusing on EV research, design, and manufacturing, he said.

    Ji emphasised that Nigeria’s youthful population is its greatest resource. “At CAWIN, we believe investing in young people is investing in the nation’s future. These 2,000 youths will be the backbone of Nigeria’s EV workforce, from the garage to the research lab.”

    He also highlighted the Lawmakers’ Car Acquisition Scheme, under which Nigerian lawmakers will have access to sustainable vehicles. He said this would “set an example for citizens and create a ripple effect that boosts confidence in electric mobility.”

    Beyond training, Ji explained that CAWIN Mobility will provide a complete EV ecosystem, including charging infrastructure, local assembly, supply chains, and after-sales support.

    The programme, he added, is part of a broader vision to create jobs, diversify the economy, and make Nigeria a leader in West Africa’s electric vehicle revolution.

    “We are laying the foundation for cleaner cities, safer transportation, and a diversified economy with new industries and jobs.

    “To Nigerian youths: seize this opportunity. You are not just beneficiaries, you are the future owners of this industry,” he said.

  • Offa Poly unveils indigenous electric vehicle

    Offa Poly unveils indigenous electric vehicle

    The Federal Polytechnic, Offa, Kwara State, has unveiled an indigenous electric vehicle, named  OKIN EV1.

    The invention, the institution’s Director of the Directorate of Assembly, Fabrication, and Commercialization of Research Products, Dr. Olufemi O. Kehinde, said, signalled a bold step forward in the country’s quest for sustainable mobility.

    Kehinde, who spoke through the institution’s Public Relations Officer (PRO), Olayinka Iroye, noted that the vehicle also showcased the ingenuity of homegrown research and engineering.

    “This is proof that Nigeria has the capacity to lead in innovative solutions to global challenges,” the statement added.

    The OKIN EV1 is not just another automobile; it is a symbol of what Nigerian institutions can achieve when knowledge meets creativity, the school added.

    Read Also: Electric vehicles key to Nigeria’s industrial future, says minister

    Iroye said: “The Polytechnic has already announced plans to refine the prototype and explore avenues for mass production, which could place affordable, eco-friendly vehicles in the hands of everyday Nigerians.

    “Powered fully by electricity and complemented with a solar-energy feature, the vehicle is capable of covering an impressive 125 kilometres on a single charge, the equivalent of a round trip from Offa to Ilorin.

    “The EV is equipped with modern features that meet today’s demands: touchscreen display for real-time monitoring and control.

    “(It has a) Reverse camera for enhanced safety and convenience, and a solar-powered extension system to prolong driving hours.

    “These features place the OKIN EV1 in the league of practical, eco-friendly vehicles designed to address both urban and rural mobility needs.

    “The journey of the OKIN EV1 began in 2024 and was completed in less than six months. Despite challenges in sourcing materials locally, the development team’s determination paid off, producing what many have called a game changer for Nigeria’s transport industry.

    “This ground-breaking feat would not have been possible without the vision and support of the Polytechnic’s Rector, Engr. Dr. Kamoru Oluwatoyin Kadiri, a Fellow of the Nigerian Society of Engineers (FNSE). His unwavering encouragement, passion for research, and commitment to providing an enabling environment for innovation have inspired the institution’s scholars and inventors to reach this remarkable milestone.

    “With the unveiling of the OKIN EV1, the Federal Polytechnic, Offa, has set the stage for a future where locally made technologies can compete globally.

    “The feat is not only a victory for the institution but also a shining example for Nigeria’s academic and industrial communities.”

  • 10 African countries with highest electric vehicle adoption

    10 African countries with highest electric vehicle adoption

    As the global shift from gasoline-powered vehicles to electric vehicles (EVs) continues, African nations are proactively implementing systems and policies to boost EV adoption.

    Globally, China, Europe, and the USA lead other countries as the largest markets for electric vehicles and the combined sales of EVs in all three countries accounted for around 95% of all EV sales in 2023.

    According to Mordor Intelligence, the size of Africa’s electric vehicle market in 2024 is estimated at $15.80 billion and is expected to hit $25.40 billion by 2029.

    Despite having the lowest EV adoption rate globally, some African countries are making significant progress in embracing electric vehicles. This advancement is largely attributed to partnerships between governments and the private sector.

    However, Africa has peculiar problems which may hamper the full adoption of EVs in the continent. These issues range from the high cost of conversion, lack of adequate enabling infrastructure such as charging points, high cost of capital, competition from second-hand imports, limited energy access, poor power grid infrastructure, and a legacy of depending on fossil fuels.

    The list below in no particular order, shows African countries that currently have a robust adoption rate for electric vehicles, including two, three and four-wheelers:

    Below is a list of African countries that currently demonstrate a robust adoption rate for electric vehicles, including two-, three-, and four-wheelers:

    South Africa

    South Africa’s advanced infrastructure and established manufacturing industry make it an ideal hub for electric vehicle production. As of 2020, there were approximately 6,000 EVs in the country.

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    Morocco

    As of 2023, Morocco’s EV fleet reached around 10,000 vehicles. The country currently produces more vehicles than South Africa, with its automotive sector contributing 22% to GDP and generating $14 billion in exports.

    Kenya

    Kenya hosts the largest e-mobility start-up ecosystem in Africa, attracting increasing investment in the sector. However, with 3,753 registered EVs, electric vehicles accounted for just 1.7% of new vehicle sales.

    Tanzania

    Tanzania is rapidly becoming a significant player in Africa’s EV market. A 2023 report from the Africa E-Mobility Alliance estimated that there are around 5,000 electric vehicles in the country.

    Angola

    Angola is among the leaders in EV adoption in Africa, boasting about 1,000 units according to the Africa E-Mobility Alliance. Additionally, the country is set to import another 2,000 EVs from the United States in 2024.

    Ghana

    Ghana recorded an impressive 17,000 electric vehicles, including two- and three-wheelers, according to government data. The country also has one of the largest four-wheeler EV fleets in Africa, with around 1,000 tracked in the Africa E-Mobility Alliance’s 2023 report.

    Rwanda

    As of 2022, Rwanda had approximately 900 registered EVs. This figure has significantly increased to about 1,182, including two-, three-, and four-wheelers.

    Egypt

    Egypt has seen a notable rise in electric vehicle numbers, growing from 1,800 in 2021 to between 3,500 and 4,000 in 2023.

    Ethiopia

    The growth of electric vehicles in Ethiopia has been attributed to favourable government policies. Estimates from Cleantechnica.com suggest there are about 5,000 to 7,000 EVs on Ethiopian roads.

    Benin

    Benin is emerging as a notable player in EV adoption, with over 3,000 electric vehicles, primarily electric motorcycles, currently in the country.

  • Decoding the Impact of Electric Vehicle Adoption on Oil Trading

    Decoding the Impact of Electric Vehicle Adoption on Oil Trading

    The automotive industry is currently experiencing a significant shift, marked by the rapid rise of electric vehicles (EVs) as a credible alternative to traditional internal combustion engine (ICE) vehicles. With this transition underway, it is imperative to examine the broader implications of this transformation as we advance into what can be termed the oil-pro-profit.com/. As EV adoption continues to grow, it is essential to gain a comprehensive understanding of how this trend is influencing the global oil trading landscape. This article delves into the intricacies of this evolving relationship, offering insights into crucial factors, relevant statistics, and the far-reaching consequences of this transition.

    The Growth of Electric Vehicles

    The global adoption of electric vehicles (EVs) has been steadily increasing in recent years, driven by various key factors. Environmental consciousness has played a pivotal role as consumers seek more sustainable transportation options, leading to a surge in EV sales. Additionally, advancements in battery technology have improved the range and performance of EVs, making them more appealing to a broader audience. Government incentives and policies aimed at reducing carbon emissions have further accelerated this trend. According to data from the International Energy Agency (IEA), the worldwide electric car stock exceeded 10 million units in 2020, marking a significant milestone and underscoring the industry’s robust growth trajectory.

    Electric Vehicles vs. Internal Combustion Engines

    Energy Efficiency: EVs are more energy-efficient than traditional ICE vehicles. They convert a higher percentage of energy from their power source into forward motion, reducing the overall energy consumption.

    Environmental Benefits: EVs contribute to lower greenhouse gas emissions, supporting efforts to combat climate change.

    Cost Differences: EVs often have lower operational and maintenance costs due to fewer moving parts and less frequent servicing requirements.

    Consumer Choices: The increasing availability of EV models and charging infrastructure is influencing consumer preferences, driving adoption.

    Global Oil Trading Dynamics

    The global oil market operates within a multifaceted framework, where a multitude of factors interplay to determine supply and demand dynamics. Geopolitical tensions, production outputs, and economic conditions all exert their influence on this intricate system. Central to this complex web are major oil-producing nations and multinational oil companies, wielding significant power in the realm of oil trading. The oil market’s inherent volatility can send shockwaves throughout global economies and industries, making it imperative to monitor and analyze price fluctuations. Furthermore, the evolving patterns of oil production and consumption have taken on newfound significance, especially in light of the growing adoption of electric vehicles, as they have the potential to reshape the market’s landscape.

    The Interplay Between EV Adoption and Oil Prices

    Correlation: There exists a complex relationship between the rate of EV adoption and oil price fluctuations, with EV adoption potentially curbing oil demand growth.

    Mitigating Factors: Factors like population growth, increasing energy demand from emerging economies, and continued use of oil in industries other than transportation can mitigate the decline in oil demand.

    OPEC’s Response: The Organization of the Petroleum Exporting Countries (OPEC) has adapted its strategies to address the changing dynamics of the oil market, including the potential impact of EVs.

    Future Prospects: The future of oil trading remains uncertain as the global community seeks to balance the benefits of EV adoption with the ongoing demand for oil.

    The Role of Energy Transition Strategies

    Government Policies: Energy transition policies and regulations play a pivotal role in shaping the direction of the energy sector.

    Renewable Energy Investments: Increased investments in renewable energy sources are diversifying the energy landscape, reducing dependence on oil.

    EV Infrastructure: The growth of electric vehicle infrastructure, such as charging networks, will facilitate widespread EV adoption.

    Collaboration Potential: Oil companies are exploring opportunities to collaborate with the EV industry to remain relevant in a changing energy landscape.

    Conclusion

    In conclusion, the rapid rise in the adoption of electric vehicles is set to significantly impact the traditional oil trading landscape. The ongoing global shift towards cleaner and more environmentally sustainable transportation is gaining momentum, shedding light on the consequential changes affecting oil trading dynamics. It is imperative for governments, industries, and stakeholders to proactively adjust to this evolving scenario by promoting cooperation and innovation. Successfully navigating the challenges and seizing the opportunities arising from the growing prominence of electric vehicles will play a pivotal role in shaping the future of oil trading, as we continue to witness the unstoppable progression of electrification and energy transition initiatives.