Back to the complete issue
Tuesday, 4 February 2020

Govt to build 1k EV charging stations in coming three years

The government will build 1k fast charging stations for electric vehicles in different parts of Egypt in the next three years, Public Enterprises Minister Hisham Tawfik said last week, according to Masrawy. This is one of a number of measures mentioned by Tawfik that will be introduced to stimulate the local manufacture of EVs. Public authorities, economic bodies, and public sector companies will be required to replace 5% of their fleet every year with electric cars, while the government will subsidize the costs of the first 100k locally-produced cars to the tune of EGP 50k per vehicle, on the condition that the cars are able to cover over 400 km per charge.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2020 Enterprise Ventures LLC.