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Tuesday, 4 October 2022

Senate readies EV legislation that could create an industry fund + regulatory body

The Senate will discuss today legislation that could set up a new regulatory body to make policy for the electric vehicles (EV) industry, Enterprise Climate reports this morning. Sen. Mohamed Halawa, who leads the Senate’s industry and trade committee, told reporters yesterday that the bill will also set up a fund to provide financial incentives for EV assembly.

The mandate: The Supreme Council for Vehicle Manufacturing will be headed by the prime minister and will draft policies, strategies, regulations and legislation governing the wider automotive industry, including EVs.

SMART POLICY- Halawa told reporters reflects input from big auto industry players including our friends at GB Auto and Abu Ghali Motors as well as Mansour Automotive, Toyota Egypt and Ezz Al Arab.

GO DEEPER- Tap or click here to read the full story in this morning’s edition of Enterprise Climate.

BUT BEFORE YOU GO: Take our EV survey and tell us if you’re likely to buy an electric vehicle any time soon. It will only take a moment or two and we’ll be back with the results in a couple of weeks.

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