Today on the Techpoint Africa Podcast, Bolu sits down with Michael Mandela Oniemola, VP, Business Compliance and Government Relations, Autochek to discuss electric vehicles (EVs) and car financing in Nigeria Some highlights: Nigeria's readiness for EVs Possible obstacles The impact of the economic downturn on the automobile industry To advertise or promote your brand, visit this link or send an email to business@techpoint.africa Follow this link to download the Whistle app on the Google Play Store Explore the fintech in everything at The Fintech Summit 2022 Timestamps 00:00 - Introduction 01:22 - We meet Michael 02:57 - First thoughts on Nigeria's partnerships to manufacture EVs 04:07 - Is Nigeria ready for EVs? 07:04 - Can Nigerians actually avoid EVs? 11:57 - Can Autochek finance EVs 13:31 - Has there been a reduction in vehicle purchases 17:06 - How do Autochek interest rates work? 21:49 - How Autochek makes money 22:33 - Speaking on Autochek's acquisitions 25:59 - Customer behaviour in the different Autochek markets 28:32 - Solving the problem of trust 32:28 - Challenges unique to Autochek 33:43 - Is there a demand for EVs? 37:09 - Aren't our local manufacturers good enough for the government to partner with? Useful links Nigeria signs MOU with foreign partners to manufacture electric vehicles, but local manufacturers say the country may not be ready for EVs Nigeria’s Siltech produces electric vehicles, for a clean and elegant Africa Building Africa’s Tesla: Can JET Motor Company accelerate the adoption of electric vehicles in Africa? This episode was produced by Ogheneruemu Oneyibo and Gracious Sede Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories.