{"id":74410,"date":"2022-10-19T02:01:34","date_gmt":"2022-10-19T02:01:34","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/ev-fund-bill-gets-a-quick-sign-off-from-the-house\/"},"modified":"2022-10-19T02:01:34","modified_gmt":"2022-10-19T02:01:34","slug":"ev-fund-bill-gets-a-quick-sign-off-from-the-house","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/ev-fund-bill-gets-a-quick-sign-off-from-the-house\/","title":{"rendered":"EV fund bill gets a quick sign off from the House"},"content":{"rendered":"

<\/a> Egypt\u2019s new automotive bill gets approved by the House:<\/strong> Egypt\u2019s House of Representatives approved yesterday a bill that sets up a Supreme Council for Vehicle Manufacturing that will set policies for the automotive sector in general, including \u201cgreen\u201d vehicles. The bill also sets out the framework for a fund that will offer incentives for local assembly of these vehicles.<\/p>\n

What does \u201cgreen vehicles\u201d mean? <\/strong>In addition to EVs, the incentives would also cover hybrid vehicles, natural gas-powered cars, and any vehicle that produces lower emissions than conventional gasoline-powered vehicles. This fits neatly into the country\u2019s two-year-old mandate to encourage car owners to convert their gasoline-powered engines<\/a> into dual-fuel ones, to also run on natural gas.<\/p>\n

NEXT STEPS- <\/strong>The bill awaits ratification by Egypt\u2019s President Abdel Fattah El Sisi, but will only come into effect once its executive regulations are published.<\/p>\n

Need a refresher on what the bill entails? <\/strong>We explored the details of the legislation here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s new automotive bill gets approved by the House: Egypt\u2019s House of Representatives approved yesterday a bill that sets up a Supreme Council for Vehicle Manufacturing that will set policies for the automotive sector in general, including \u201cgreen\u201d vehicles. The bill also sets out the framework for a fund that will offer incentives for local […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[508],"tags":[134,40,102,11,507],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74410","post","type-post","status-publish","format-standard","hentry","category-legislation-watch","tag-automotive","tag-egypt","tag-electric-vehicles","tag-enterpriseclimate","tag-legislation-watch","wpautop","entry"],"acf":{"mongo_id":"71e93251-6bae-4ccd-adbc-0f45ca55ace0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[74398],"teaser":"","voice_url":""},"yoast_head":"\nEV fund bill gets a quick sign off from the House - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/10\/19\/ev-fund-bill-gets-a-quick-sign-off-from-the-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EV fund bill gets a quick sign off from the House\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s new automotive bill gets approved by the House: Egypt\u2019s House of Representatives approved yesterday a bill that sets up a Supreme Council for Vehicle Manufacturing that will set policies for the automotive sector in general, including \u201cgreen\u201d vehicles. 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