Nigeria, Africa’s largest economy with over 200 million people, has a nascent electric vehicle (EV) market. Only 15,000 to 20,000 EVs are currently on its roads, representing a mere 0.5% to 1% of the total vehicle fleet. While this shows progress from 5,000 EVs five years ago, it falls well short of government targets: 7.5% electric vehicle adoption by 2025 and 40% by 2050. High costs present a significant barrier, with a new electric vehicle averaging $25,000, several times Nigeria’s median...