(3 minutes read)
· Egypt’s Ministry of Public Business Sector is in the process of signing a contract for the production of electric cars. It is currently negotiating with one of the three companies for the manufacture of the electric cars
· Minister of Public Business Sector Tawfik said the government has finalized the modus operandi of providing all incentives for electric cars, such as greening preparations, special support for the buyer, in addition to subsidizing the price of electricity
· Close to 3000 electricity charging stations will be set up in three governorates
Egypt’s Ministry of Public Business Sector is in the process of signing a contract for the production of electric cars. It is currently negotiating with one of the three companies for the manufacture of the electric cars.
Minister of Public Business Sector Tawfik said the government has finalized the modus operandi of providing all incentives for electric cars, such as greening preparations, special support for the buyer, in addition to subsidizing the price of electricity.
Close to 3000 electricity charging stations will be set up in three governorates. A new company will be established to manage these stations in partnership with a sovereign company with a 90 percent share.
In November, the Egyptian Ministry of Public Business Sector announced that negotiations with the Chinese “Dongfeng” company to produce the electric car “E70” had stopped. The reason being failure to reach an agreement with the Chinese company to reduce the price of the imported component sufficiently to enable Nasr Automotive Company to produce and launch the car at a competitive price. Search for an alternative partner is very much on and a name will be zeroed in very soon, the minister said.
