{"id":556481,"date":"2021-10-27T04:18:45","date_gmt":"2021-10-27T04:18:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/27\/natgas-vehicles-are-getting-a-little-bit-pricier\/"},"modified":"2021-10-27T04:18:45","modified_gmt":"2021-10-27T04:18:45","slug":"natgas-vehicles-are-getting-a-little-bit-pricier","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/27\/natgas-vehicles-are-getting-a-little-bit-pricier\/","title":{"rendered":"Natgas vehicles are getting a little bit pricier"},"content":{"rendered":"

<\/a> Some dual-fuel vehicles delivered through the government\u2019s natgas transition <\/strong>scheme will be EGP 3-5k more expensive<\/strong> after the Finance Ministry approved three manufacturers\u2019 requests to raise their prices, the official spokesperson for the initiative, Ahmed Abdelrazek, told Enterprise. Nissan, Alamal Group (which is delivering BYD and Lada cars), and Zemex microbus manufacturer the Egyptian-British Automobile Manufacturing Company all got permission to hike prices. EGX-listed GB Auto, the assembler and distributor for Hyundai, also submitted a request to raise prices, but the ministry has yet to approve it, according to Abdelrazek.<\/p>\n

The price increase comes on the back of an increasingly debilitating global supply chain crunch<\/strong>, which is leading to a hike in shipment costs<\/a>, as well as shipment delays of chips and other car components, Abdelrazek tells us. The scheme dictates that manufacturers can only raise prices if six months have passed since their last price increase, or if the ministry finds \u201cjust cause\u201d for a hike. It also places a 10% cap on price increases.<\/p>\n

The <\/strong>natgas transition scheme<\/a><\/strong> has so far given out almost 7.7k natgas-run cars<\/strong>, according to Abdelrazek. The multi-year scheme, which first saw the light earlier this year<\/a>, also has financial incentives<\/a> in place to drive more people to take part. The initiative aims to take 1.8 mn cars<\/a> off the road to be outfitted with dual-fuel engines over the course of a decade.<\/p>\n","protected":false},"excerpt":{"rendered":"

Some dual-fuel vehicles delivered through the government\u2019s natgas transition scheme will be EGP 3-5k more expensive after the Finance Ministry approved three manufacturers\u2019 requests to raise their prices, the official spokesperson for the initiative, Ahmed Abdelrazek, told Enterprise. Nissan, Alamal Group (which is delivering BYD and Lada cars), and Zemex microbus manufacturer the Egyptian-British Automobile […]<\/p>\n","protected":false},"author":1,"featured_media":556482,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[7339],"tags":[144,653,72,276,819,268,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-chip-shortage","tag-enterpriseam","tag-finance-ministry","tag-fuel","tag-natgas-transition-scheme","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"91a7b5ab-6493-45f2-992b-422c294c8c39","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/10\/292.jpg","photo_position":"above","related_issue":[556466],"teaser":"","voice_url":""},"yoast_head":"\nNatgas vehicles are getting a little bit pricier - EnterpriseAM Egypt<\/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\/egypt\/2021\/10\/27\/natgas-vehicles-are-getting-a-little-bit-pricier\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Natgas vehicles are getting a little bit pricier\" \/>\n<meta property=\"og:description\" content=\"Some dual-fuel vehicles delivered through the government\u2019s natgas transition scheme will be EGP 3-5k more expensive after the Finance Ministry approved three manufacturers\u2019 requests to raise their prices, the official spokesperson for the initiative, Ahmed Abdelrazek, told Enterprise. 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That includes the 250k figure that was previously announced \u2014 which the Trade and Industry Ministry is handling\u2026","rel":"","context":"In "NATGAS TRANSITION"","block_context":{"text":"NATGAS TRANSITION","link":"https:\/\/enterpriseam.com\/egypt\/category\/natgas-transition\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/185.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546022,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/vehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending\/","url_meta":{"origin":556481,"position":1},"title":"Vehicles in the natgas replacement scheme could soon get pricier + more European green funds to banks for SME lending?","author":"enterpriseam admin","date":"20 April 2022","format":false,"excerpt":"\u201cMost\u201d of the companies participating in the state\u2019s natgas vehicle swap scheme have submitted requests to raise their prices, Shorouk News reports, citing the initiative\u2019s spokesman Tarek Awad. Under the rules of the scheme to switch passenger cars to run on natgas, companies can request to raise their prices by\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562570,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/30\/govt-wants-to-expand-natgas-transition-plan\/","url_meta":{"origin":556481,"position":2},"title":"Gov\u2019t wants to expand natgas transition plan","author":"enterpriseam admin","date":"30 May 2021","format":false,"excerpt":"The Finance Ministry could expand its automotive natgas transition scheme to allow more vehicle owners and more governorates to participate, Finance Minister Mohamed Maait said in a statement on Friday. The ministry is considering opening it up to new governorates as soon as they have the required infrastructure, while new\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/267.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558667,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/govt-to-take-300-old-microbuses-off-the-road-each-month\/","url_meta":{"origin":556481,"position":3},"title":"Gov\u2019t to take 300 old microbuses off the road each month","author":"enterpriseam admin","date":"22 August 2021","format":false,"excerpt":"The government plans to deliver some 300 natgas-powered microbuses each month starting August as part of the state\u2019s plan to replace old vehicles with new models that have dual-fuel engines, Finance Minister Mohamed Maait said in a statement. The first dual-fuel microbus is now on the road after being delivered\u2026","rel":"","context":"In "Transport"","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/220.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560897,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/how-much-will-car-owners-pay-to-transition-to-natgas\/","url_meta":{"origin":556481,"position":4},"title":"How much will car owners pay to transition to natgas?","author":"enterpriseam admin","date":"17 March 2021","format":false,"excerpt":"Here\u2019s how much swapping your car for a natgas vehicle will set you back: Passenger car owners looking to swap old vehicles for new ones running on cleaner energy will have their pick of seven models eligible for state financial support, according to a list (pdf) published on the government\u2019s\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/227.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565780,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/04\/the-govt-has-now-been-handing-out-new-natgas-vehicles-for-a-full-month\/","url_meta":{"origin":556481,"position":5},"title":"The gov\u2019t has now been handing out new natgas vehicles for a full month","author":"enterpriseam admin","date":"4 May 2021","format":false,"excerpt":"Update on the gov\u2019t automotive natgas transition scheme: Egypt handed over 340 natgas cars as part of the natgas transition scheme during April, which was the first month the government began delivering the vehicles, Finance Minister Mohamed Maait said in a statement on Friday.Applications to the scheme seem to be\u2026","rel":"","context":"In "SPEED ROUND: AUTOMOTIVE"","block_context":{"text":"SPEED ROUND: AUTOMOTIVE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/296.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=556481"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556481\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/556466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/556482"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=556481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=556481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=556481"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=556481"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=556481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}