The Nigerian government has taken a significant step towards promoting the adoption of electric vehicles in the country. The new policy is expected to make electric vehicles more affordable and attractive to consumers, contributing to a reduction in greenhouse gas emissions and dependence on fossil fuels.
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The exemptions apply to pure electric vehicles and extended-range electric vehicles with a minimum electric-only range of 200 kilometres, while hybrid electric vehicles and luxury vehicles valued at $100,000 or more are excluded from the exemption. This move is part of the Presidential Gas for Growth Initiative, which aims to transition the country towards a more sustainable energy mix.
