This country to build affordable EVs in a bid to shift towards electric mobility

Egypt is looking for a partnership to build affordable electric vehicles for the country.An Egyptian company has signed a deal to develop and manufacture electric buses. 
By : HT Auto Desk
| Updated on: 19 Dec 2021, 15:44 PM
File photo used for representational purpose.
File photo used for representational purpose.
File photo used for representational purpose.
File photo used for representational purpose.

Egypt has tasked a state-owned company with building affordable electric vehicles for the country in collaboration with a Chinese firm by using their renewable energy boom to power them. This is the country's effort to encourage its citizens to adopt electric vehicles.

Authorities are in contact with three potential companies to seek partnership for El Nasr Automotive Manufacturing Co. for the project that will get an investment of 2 billion pounds, said Public Enterprise Minister Hisham Tawfik, Bloomberg reported. However, Tawfik did not divulge any names. Production of the electric vehicle is set to start in 2023 and the authorities are aiming to increase the output to 20,000 units per year over next three years.

Similar Cars

Find More Cars
Hyundai Kona Electric (HT Auto photo)
Hyundai Kona Electric
cc | Electric | Automatic
₹23.79 - 23.98 Lakhs**Ex-showroom price
Kia Sonet (HT Auto photo)
Kia Sonet
1197 cc | Petrol | Manual | 18.4 kmpl
₹6.79 - 13.55 Lakhs**Ex-showroom price
Maruti Suzuki Dzire (HT Auto photo)
Maruti Suzuki Dzire
1197 cc | Petrol | Manual | 23.26 kmpl
₹5.89 - 9.09 Lakhs**Ex-showroom price
Maruti Suzuki Baleno Facelift (HT Auto photo)
Maruti Suzuki Baleno Facelift
1197 cc | Petrol | Manual
₹6.5 - 10 Lakhs**Ex-showroom price
Tata Nexon (HT Auto photo)
Tata Nexon
1199 cc | Petrol | Manual | 17.4 kmpl
₹7 - 13.24 Lakhs**Ex-showroom price

(Also read | Top electric scooters launched in India in 2021)

The minister also said that the country's electric model will either be named E70 or A70 and its price will be set at $20,000, making it affordable. The pricing will be similar to Europe’s cheapest EV - Renault’s made-in-China Dacia Spring. Half of the buyers of the affordable electric model could probably be taxi or Uber drivers. 

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

The private sector will also be offered a 40 per cent role in a new company established to operate pay-to-use charging stations which will be 10 per cent owned by El Nasr and the remaining half will be taken by ‘state entity,’ said Tawfik. Around 3,000 charging points will be established around the cities of Cairo and Alexandria before being introduced anywhere else.

The minister also added that Egypt now produces all kinds of clean energy. “This means we have the infrastructure to leap into the future with the automotive industry," he added. Early this year, Egypt signed a memorandum of understanding with China’s Dongfeng Motor Co. to build EVs, though it got expired and wasn’t renewed, informed Tawfik. 

Brightskies Inc., an Egyptian company, has also signed a deal with state-owned Engineering Automotive Manufacturing Co. to develop and produce electric buses and minibuses from 2022. The minister further added that the country will also look at making hydrogen-powered EVs in the longer term.

(Also read | Audi reveals S1 e-tron Quattro Hoonitron, a wild one-off drift electric car)

The initiatives come as Egypt prepares to host the COP27 climate summit in the Red Sea resort of Sharm El Sheikh next year.

First Published Date: 19 Dec 2021, 15:44 PM IST
Recommended For You
View All

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city