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The Moroccan government will release €2 billion over five years to develop electric mobility, this announcement was made by the National Investment Commission. Of the €2.9 billion allocated by the new Investment Charter for Morocco, up to 71% is earmarked for the development of electric mobility. The charter examined a total of 19 projects, particularly in the mining and agri-food sectors, the aim is to set up a low-pollution transport system in urban centers, which is unprecedented.
The Moroccan government will release €2 billion over five years to develop electric mobility, this announcement was made by the National Investment Commission. Of the €2.9 billion allocated by the new Investment Charter for Morocco, up to 71% is earmarked for the development of electric mobility. The charter examined a total of 19 projects, particularly in the mining and agri-food sectors, the aim is to set up a low-pollution transport system in urban centers, which is unprecedented.
The initiative, which targets the Moroccan capital and major cities such as Casablanca, Tangiers, Agadir, and Marrakech, is expected to create 4,548 direct and green jobs. Moroccan ministers Ryad Mezzour (Industry and Trade), Abdellatif Miraoui (Higher Education, Scientific Research and Innovation), and Mohamed Abdeljalil (Transport and Logistics) will see to that.
The Moroccan authorities intend to boost the development of renewable energies and set up factories for the local manufacture of electric vehicles and batteries. This rush towards eco-mobility is all the more understandable given that Morocco is aiming to reduce its CO2 emissions by 13% by 2030, as part of the Paris Climate Agreement.
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To achieve this, the North African country has launched a series of projects, including the creation of the Intersectoral Professional Association for Electric Mobility (APIME) in the first half of 2023 and, since 2022, the preparation of the National Plan for Electric Mobility. The document is being drawn up by Morocco’s National Water and Electricity Company (ONEE) in conjunction with other platforms such as the Global Sustainable Electricity Partnership (GSEP).
