Electric cars in the Egyptian markets and renewable and clean energy

The Egyptian state is working on a culture of using renewable and clean energy, and therefore the state has been interested in providing “electric cars” in the Egyptian market.

Electric cars at the Arab level

The UAE came at the fore in the Middle East and North Africa region in adopting electric cars

According to the report issued by the Council of Clean Energy Industries in the Middle East and North Africa

The percentage of charging stations and electric cars in the UAE is the highest in the world.

As for the Kingdom of Saudi Arabia in the second stage after the UAE in adopting electric cars

Especially after Saudi Arabia launched its plan during 2021 with huge investments to reach carbon neutrality

By 2060, the Kingdom seeks to convert about 30% of the cars that travel on the streets of the capital, Riyadh

to electric cars by 2030.

As for the State of Qatar, it came in third place, as the country has taken serious steps to expand

And stimulating the transition to electric cars, with the aim of contributing to reducing carbon emissions by

2030 Doha also plans to implement a project that aims to install 100 charging stations for electric cars in the country

It is expected that it will contribute to reducing about 7% of carbon emissions in the country until 2022.

The State of Kuwait also aims to enter the world of electric cars

Which emerged with the announcement of the Kuwait Ports Corporation in August 2021 to establish “EV City”

EV City to be the first city in the Middle East to serve electric vehicle manufacturers

Kuwait is scheduled to present the EV City project for design and construction during the current fiscal year 2021-2022

According to what was reported by the Kuwait Ports Corporation, the director of the Kuwait Ports Corporation Youssef Al-Abdullah Al-Sabah confirmed

The ability of Kuwaiti ports to provide appropriate port and logistic services

To the largest companies around the world of electric car manufacturers.

As for the Arab Republic of Egypt, it witnessed the government’s plan to manufacture electric cars

Locally, some changes during 2021 as a result of the dispute in reaching a final agreement

With the Chinese company with which Egypt entered into an alliance

To produce this type of car locally, after the launch of the Egyptian Ministry of Business Sector

In June / 2021 the electric car “Nasr E70”

Egypt did not reach an agreement with the Chinese “Dongfeng” company, which is one of the 4 largest car producing companies in China, to participate in the manufacture of electric cars through the factories of the Nasr Automobile Industry Company.

Egypt had imported it in July 2021 (13)

An electric car within the type that will be produced in Egypt

“E70” to be tested in the Egyptian market, with the aim of producing it in mid-2022 at El Nasr Automotive Industry

Some companies’ plans to produce electric cars until 2030

Since the beginning of 2021, many car companies have announced their goals

Towards the production of electric cars in an attempt to get rid of fossil fuel cars

In the context of achieving carbon neutrality

And electric car sales have recently risen faster than most automakers had expected

According to a Reuters survey, global automakers plan to spend more than half a trillion dollars on electric cars and batteries by 2030.

Toyota Motor Corporation announced in December 2021 that it aims to produce 3.5 million electric vehicles by 2030.

The Japanese company Nissan announced the volume of its investment in the production of electric cars

Over the next 5 years, it will reach $17.6 billion

It is also working on introducing 23 new models of electric cars by

2030 and also plans to produce solid batteries by 2028.

As for Volvo Cars, it aims to become a fully electric car company

by 2030 as it seeks to phase out cars that run on fossil fuels

Including hybrid cars from its offerings by the end of the decade

.

Volkswagen also announced in December 2021 that it will spend more than half of its investment

in the production of electric cars over the next five years.

While Ford Motor Company expects it will be the second largest Volvo company selling electric cars globally within two years.

According to Reuters, it is likely that “Ford” will compete with Stellants for the third place in the production of electric cars EV by 2025.

Electric car prices 2021

1- “BMW i3 which is available for sale at a cost starting at $44,450 thousand

 

And the Ford Mustang Mach-E electric model, which is available for sale at a cost starting from 43,995 thousand dollars.

There are other types, such as

3- The Volkswagen ID.4 electric model, which is available for sale, with a starting price of 39,995 thousand dollars

4- Tesla Electric Model 3, which is available for sale at a cost starting at $39,990,000.

5- The electric Tesla Model 3, which is available at a cost starting at $39,990,000.

The Ministry of Business Sector has announced a plan to support and spread electric cars 2020/2030, which includes three axes:

Establishing electric charging stations at cost

And provide cash support to the buyer

As for the third axis, it is providing financing for a period ranging between 5 and 6 years to convert taxis from traditional fuel to electricity.