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Sunday, 15 May 2022

It’s going to cost a lot more to get a dual-fuel vehicle under the govt’s swap scheme

Companies participating in the government’s natgas vehicle swap program will hike prices by up to 45% in response to rising inflation, according to figures published yesterday, Al Masry Al Youm reports. Under the rules of the scheme — introduced last year to increase the number of dual-fuel vehicles on the nation’s roads — companies can request to raise their prices by up to 10%, but according to the price list published by the newspaper the government has permitted companies to raise prices far above this threshold.

Sticker prices on all participating brands will now rise 19-45% from where they were when the scheme launched in March last year. Participating brands include Hyundai’s Accent and Elantra, Nissan’s Sentra and Sunny, Chevrolet’s Optra as well as offerings from BYD and Lada. Depending on the model, applicants will be paying up to EGP 75k more for their vehicles. See the original price list here (pdf).

When do the new prices go into effect? The new prices will be charged on applications submitted after 24 April, the initiative’s spokesman, Tarek Awad, told Kelma Akhira’s Lamees El Hadidi last night (watch, runtime: 6:38).

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