SPEED ROUND: AUTOMOTIVE

No more used EV imports as industry gets ready for local assembly

Importers can no longer bring in used electric vehicles (EVs) under a new Trade Ministrydecision designed to boost local EV assembly. EVs imported from abroad must also be the latest model, which is a sharp u-turn from a 2018 decision by then-Trade Minister Tarek Kabil, which had allowed the import of second-hand EVs at zero…