In our ever changing world, renewable energy sources hold the key to a more sustainable development, cheaper and clean energy sources. In automobile industry today, Battery Electric Vehicles (BEVs) are replacing combustion Engines, hence their use result in far less climate pollution than their gas-powered counterparts. Nigeria is blessed with some mineral deposits which can be harnessed in favor of this emerging technology. This paper seeks to examine the economic benefits of harnessing Nigerian minerals towards this recent innovation in automobile industry.