Egypt targets annual production of 100,000 electric vehicles by 2032

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Egypt is targeting annual production of up to 100,000 electric vehicles by 2032 as it seeks to localize vehicle and component manufacturing. The government plan is intended to reduce import dependence, strengthen domestic industry and create export opportunities.

Egypt is stepping up efforts to localise electric vehicle (EV) manufacturing and automotive components, targeting annual production of up to 100,000 vehicles by 2032 as the government seeks to reduce import dependence, strengthen domestic manufacturing and expand export opportunities. Prime Minister Mostafa Madbouly reviewed the main pillars of the government’s plan to localise the automotive […]