The government clarifies the position of the electric car production project in Egypt

Within the framework of the state's plan to shift to the use of environmentally friendly vehicles and to localize the technology of this industry in Egypt, the Ministry of Public Business Sector initiated in the last quarter of 2019 measures aimed not only at producing the electric car on the lines of Al-Nasr Automotive Company in cooperation with a partner But in parallel, the inevitable steps have been taken to prepare the infrastructure and provide a package of incentives related to the electric car, in full cooperation and coordination with the ministries and concerned authorities.

These efforts have resulted in progress in the following areas:

- Electricity pricing, as well as charging fees for electric cars, were issued in cooperation with the Ministry of Electricity, and were approved by the Council of Ministers.

- The approval of the Ministry of Finance was obtained to provide cash support amounting to 50,000 pounds to the purchaser of the locally manufactured electric car.

- In cooperation with the National Roads Company, a map was prepared of the candidate sites for the establishment of a network that includes 3,000 public charging stations in 3 governorates: Cairo, Giza and Alexandria within two years. It is run by the private sector.

- The infrastructure of Al-Nasr Automotive Company's factories has been rehabilitated in preparation for the installation of equipment for the model that will be produced.

As for the partnership with the Chinese company "Dong Feng" to produce the "E70" car, the framework agreement was signed in January 2021, after a series of negotiations took more time than expected due to the emergence of the Corona epidemic at the beginning of 2020. It was only natural This should be followed by the start of the stage of negotiation regarding commercial matters and the final price of car components (the component imported from the Chinese company), especially in light of the occurrence of continuous changes in the electric car market, which is growing at large rates, whether inside China or globally.

The negotiations stalled as a result of not reaching an agreement with the Chinese company to reduce the price of the imported component sufficiently to enable Al-Nasr Automotive Company to produce the car and offer it at a competitive price, which prompted the Ministry of Public Business Sector with the Holding Company for Metal Industries and Al-Nasr Automotive Company to open channels of communication. A new agreement with one of the specialized international consulting offices to identify an alternative partner, and it is expected to reach positive results before the end of this November.