{"id":88652,"date":"2024-12-16T00:00:00","date_gmt":"2024-12-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/16\/infinity-meh-launch-jordanian-ev-company-infinity-jordan\/"},"modified":"2024-12-16T00:00:00","modified_gmt":"2024-12-16T00:00:00","slug":"infinity-meh-launch-jordanian-ev-company-infinity-jordan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/16\/infinity-meh-launch-jordanian-ev-company-infinity-jordan\/","title":{"rendered":"Infinity + MEH launch Jordanian EV company Infinity Jordan"},"content":{"rendered":"

Egypt's Infinity and <\/strong>Middle East Holding Company (MEH)<\/a><\/strong> launched a new JV, Infinity Jordan, set to develop an EV charging network across the kingdom<\/strong>, according to a statement<\/a> published last week. The JV plans to build over 1k charging points across the country by 2030. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Not the first to show interest: <\/strong>Egypt\u2019s Pathfinder Energy Group was exploring the installation of 500 EV<\/a>charging stations<\/a> in the kingdom at a total investment of USD 470 mn last year. The charging stations are planned to be powered by solar and wind and to be built in three phases over three years, with 120 charging points slated for the first phase. <\/p>\n

REMEMBER- Jordan\u2019s EV sales boomed in 2023<\/strong>:<\/strong> Jordan saw the highest share<\/a> of regional electric vehicle sales in the Middle East in 2023 at over 45% of its total car sales, a feat powered mostly by EVs\u2019 lower import duties than those imposed on cars with fuel engines.<\/p>\n

But the trend was upended momentarily: <\/strong>Last September, Jordan\u2019s Council of Ministers decided<\/a> to reverse parts of its 2023 duty scheme, lowering the duties on gasoline vehicles and progressively increasing them on luxury EVs<\/a> \u2014 those exceeding JOD 10k \u2014 which represented over 80% of the Jordanian EV market. The decision, which left over 12K EVs stranded in ports, was reversed last month after the government halved the planned duty increases<\/a>. <\/p>\n

FURTHER AFIELD IN THE EV CHARGING SECTOR-<\/p>\n

Regional player <\/strong>Prime Group <\/strong>+ V-Green to install 100k chargers in Indonesia: <\/strong>Prime Group has signed an MoU with the Vietnamese EV charging company V-Green<\/a> \u2014 a spinoff of VinFast\u2019s EV charging development department \u2014 to develop a network of 100k electric vehicle charging stations in Indonesia, according to a press release<\/a> from last week. The two sides aim to set up a network compatible with VinFast\u2019s EVs over the next three years at a projected cost of USD 1.2 bn. Construction of the first charging stations will begin in January 2025, with some stations expected to be up and running within the year. <\/p>\n","protected":false},"excerpt":{"rendered":"

The JV plans to build more than 1k charging points over the next five years<\/p>\n","protected":false},"author":1,"featured_media":88653,"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":[103],"tags":[40,102,11,64,360,93],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-vehicles","tag-egypt","tag-electric-vehicles","tag-enterpriseclimate","tag-evs","tag-infinity","tag-jordan","wpautop","entry"],"acf":{"mongo_id":"167dc353-7f85-4837-81bc-df86ea8ca648","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1437.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Infinity + MEH launch Jordanian EV company Infinity Jordan","related_issue":[88640],"teaser":"The JV plans to build more than 1k charging points over the next five years","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.c58c6486-ef2b-4d07-850d-5421f0f22070.mp3"},"yoast_head":"\nInfinity + MEH launch Jordanian EV company Infinity Jordan - 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