According to information relayed by some local media, Egypt is planning to launch in the manufacture of electric cars following the signature of an agreement with an Italian company to create the first production line for electric automotive vehicles industry. The news had been denied by the executive director of the Egyptian Automobile Manufacturers Association (EAMA), Hussein Mustafa.
MG Icon Concept Car
Nowadays, even if we now that it has yet a long life ahead, the age of gasoline is facing a serious rejection from economy protagonists in the world, particularly those who are taking their place in the ranks of environment protectors.
As for Egypt, we are hearing that it is willing to go ahead with the electric automotive vehicles industry. Is that one of the best news heard in Egypt in early 2018 or just a disgraceful speculation? The answer is that we all wish it would be true, but we are also wondering if it is possible for that country to implement such a strategy as quickly as it said.
We learned, indeed, that the Egyptian Automobile Manufacturers Association (EAMA) signed an agreement for a partnership worth 20 billion dollars with an Italian company, in order to establish the first production line for the electric car industry in Egypt, but, unfortunately, Both the EAMA and the Ministry of Commerce and Industry denied that information.
“the possibility of Egypt manufacturing electric cars depends on the availability of several factors, most notably an appropriate investment environment.” Stressed Hussein Mustafa. He also argued that it is necessary to establish an appropriate infrastructure for electric cars to provide recharge centers, saying at the same time that and the government should begin to study attracting investments for electric vehicles to which all countries of the developed world would be attracted. On the other hand, he pointed out the need to develop a package of incentives, financial laws, and tax regulations, to help to keep pace with developments.
But following this announcement, we also learn from the local media that a company named Revolta Egypt declared that it is setting up a project aimed at developing its own network of electric car recharge stations. The first phase of this project is being prepared this year, including 65 stations in Cairo, Alexandria, and Kattameya road, Ain Al-Sokhna, Suez, Ismailia, Port Said, and the Red Sea. The company also notified through its facebook official account that it signed a memorandum of understanding (MOU) with ZOI Parking, a smart parking app, to implement a charging Stations of Revolta on ZOI parking Map. A situation worth watching?
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