Nigeria has introduced new fiscal incentives for electric vehicle imports as part of its Presidential Gas for Growth Initiative. The Nigeria Customs Service (NCS) says eligible vehicles and other products will be exempt from both import duty and value added tax (VAT).
The exemptions apply to pure electric vehicles as well as extended-range electric vehicles (EREVs) with a minimum electric-only range of 200 kilometres. Fully CNG- and LPG-powered vehicles are also eligible, along with certified electric tricycles and motorcycles and certain equipment related to gaseous fuels.
However, hybrid electric vehicles, including petrol-electric and diesel-electric models, remain subject to import duty and VAT. The same applies to luxury vehicles valued at $100,000 or more, meaning high-priced battery-electric models are also excluded from the exemption.
“The implementation of these fiscal incentives is intended to support the Federal Government’s broader objectives of reducing transportation and energy costs, encouraging investment in clean energy infrastructure, expanding the adoption of alternative fuel technologies, and strengthening Nigeria’s energy security and environmental sustainability agenda,” the Nigeria Customs Service stated.
