Valentine Okafor
Innoson Vehicle Manufacturing Company (IVM) has sold out the first batch of its first locally produced electric vehicle.
Cornel Osigwe,
The Head of Communications and Corporate Affairs at IVM, Cornel Osigwe, while highlighting the significance of this achievement for the Nigerian automotive industry, said the initial batch of IVM electric cars have been completely sold out.
Osigwe revealed that since posting the vídeo “We have received hundreds of calls and upfront payment from interested clients who want to be the first set to drive the Innoson Electric Vehicle. My inbox was filled with enquiries on the prices.
“The first set which are few in numbers are now currently sold out.”
Electric vehicles play a vital role in reducing carbon emissions from road transport, which accounts for over 15 per cent of global energy-related emissions, as reported by the International Energy Agency (IEA).
According to Isigwe, the electric vehicle was manufactured at IVM’s state-of-the-art production facility in Nnewi, Anambra State, marking a significant advancement in the country’s automotive sector.
He said, “I just test-drove the first Innoson vehicle Electric vehicle produced in Nnewi. We are just starting.”
Osigwe said that this is IVM’s inaugural foray into electric vehicle production but the details on the pricing, number of units produced, and the timeline for commercial release were not disclosed.
He however claimed that the initial batch of IVM electric cars were completely sold out.
Osigwe revealed that since posting the vídeo “We have received hundreds of calls and upfront payment from interested clients who want to be the first set to drive the Innoson Electric Vehicle. My inbox was filled with enquiries on the prices.
The electric vehicle market has experienced notable growth in recent years, driven by advancements in range, model variety, and performance.
As of 2023, electric passenger cars now represent approximately 18% of new car sales, reflecting their increasing popularity and the global shift towards sustainable transport solutions.