Nigeria wants to locally produce at least a third of all electric vehicles in its market in the next decade. The West African nation recently ratified its National Automotive Industry Development Plan (NAIDP) in a bid to boost its technology and manufacturing capacity in the automotive industry. Five key minerals for EV lithium-ion batteriesAfrica’s move to the electric vehicle market ‘stunning’ and ‘significant’The Plan is set to run for 10 years. According to Mordor Intelligence, Africa’s electric vehicle market was valued at $11.94 billion in 2021. The transition from traditional autos to electric battery-powered vehicles has been both stunning and significant,” said Mordor Intelligence.

Source: The North Africa Journal May 23, 2023 14:23 UTC