Is Nigeria ready for Electric Vehicles?

<p>Today on the Techpoint Africa Podcast, Bolu sits down with Michael Mandela Oniemola, VP, Business Compliance and Government Relations, Autochek to discuss electric vehicles (EVs) and car financing in Nigeria<br /><br />Some highlights:</p> <ul> <li>Nigeria's readiness for EVs</li> <li>Possible obstacles</li> <li>The impact of the economic downturn on the automobile industry</li> </ul> <p>To advertise or promote your brand, visit <a href="https:/techpoint.africa/advertise">this link</a> or send an email to <a href="mailto:business@techpoint.africa" target="_blank" rel="nofollow noopener">business@techpoint.africa</a><br /><br />Follow <a href="https://play.google.com/store/apps/details?id=com.whistler.whistler">this link</a> to download the Whistle app on the Google Play Store<br /><br />Explore the <a href="https://techpoint.africa/2022/08/18/explore-the-fintech-in-everything-at-the-fintech-summit-2022">fintech in everything at The Fintech Summit 2022</a><br /><br /><strong>Timestamps</strong></p> <p>00:00 - Introduction<br />01:22 - We meet Michael<br />02:57 - First thoughts on Nigeria's partnerships to manufacture EVs<br />04:07 - Is Nigeria ready for EVs?<br />07:04 - Can Nigerians actually avoid EVs?<br />11:57 - Can Autochek finance EVs<br />13:31 - Has there been a reduction in vehicle purchases<br />17:06 - How do Autochek interest rates work?<br />21:49 - How Autochek makes money<br />22:33 - Speaking on Autochek's acquisitions<br />25:59 - Customer behaviour in the different Autochek markets <br />28:32 - Solving the problem of trust<br />32:28 - Challenges unique to Autochek<br />33:43 - Is there a demand for EVs? <br />37:09 - Aren't our local manufacturers good enough for the government to partner with?<br /><br /><strong>Useful links</strong></p> <ul> <li>Nigeria signs MOU with foreign partners to manufacture electric vehicles, but<a href="https://techpoint.africa/2022/08/26/electric-vehicles-in-nigeria"> local manufacturers say the country may not be ready for EVs</a></li> <li>Nigeria&