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Tuesday, 5 February 2019

Egypt looks into slashing fees for e-vehicle licensing, registration

EXCLUSIVE- Gov’t looks to slash fees for e-vehicle licensing, registration: The government is mulling whether to cut licensing and registration fees for electric vehicles (EVs) to encourage their use, a senior government official told Enterprise. The process currently costs consumers up to EGP 10k, a fee the official suggested is often higher than for comparably sized gasoline-powered cars. The Madbouly government is considering the measure as part of a package of incentives to create infrastructure to support EVs, the source said.

Background: The move comes as the government looks to convince EV manufacturers to set up shop in Egypt as part of a policy shift that we note last month was designed to add EVs to Egypt’s transportation mix. The House also ratified on Sunday a decision to exempt EVs from custom duties and slash duties on hybrids.

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