Egypt To Manufacture Electric Vehicles By Mid-2022

Giving More to Your Wealth
20 Jun 2021

The Minister of the Public Enterprise Sector has announced that Egypt will begin manufacturing electric cars domestically by August 2022. Production capacity is expected to reach 50,000 cars per year.

He added that 3,000 electric vehicle charging stations are being built across the country, and all of them are expected to be operational within 3 years. The government will subsidize the cost of each car by EGP50,000. Production will be based on a memorandum of understanding between the domestic el-Nasr Automotive Manufacturing Company and the Chinese Dongfeng Motor Corporation. Testing of imported electric vehicles on Egypt’s roads will begin in July of this year. (Egypt Today (English), Enterprise (English), Arab News

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