Current sales prices and fuel costs suggest electric motorbikes could make up 70% of the two-wheeler market in Nigeria in the next 15 years

Percentage of new vehicles sold

(Please use a modern browser to see the interactive version of this visualization)

Estimated adoption rates are derived from the relative TCO of the Bajaj Boxer 150 (ICE) and Spiro Ekon 450M1 (EV), under a best-case scenario where enabling infrastructure and policy conditions are in place, leaving TCO as the sole determinant of EV adoption.

Source: RMI Analysis