Indigenous automobile manufacturer, Innoson Vehicle Manufacturing Company Limited (IVM), has called for Federal Government’s intervention over the tariff regime on electric vehicle (EV) components, warning that the current structure can undermine local production and discourage investment in Nigeria’s emerging electric mobility industry.
The company made the call when a delegation of the Manufacturers Association of Nigeria (MAN), Anambra, Enugu and Ebonyi Branch, led by its Chairman, Dr. Adaora Chukwudozie, visited its manufacturing facility as part of activities under MAN’s Industrial Energy Adoption Programme.
The delegation, which included the Managing Director of (MAN) Power Development Company Limited (MPDCL), Oweh Mba-Sam, representatives of Norwegian renewable-energy financier, Empower New Energy, and EPC partner, Paras Energy & Natural Resources Development Limited, toured Innoson’s EV production facility and inspected some of the electric vehicles developed by the company.
Innoson’s management expressed concern that, while concessions have been provided for the importation of finished electric vehicles, components required by local manufacturers continue to attract import duties, thereby increasing production costs and placing domestic manufacturers at a disadvantage.
