{"id":600361,"date":"2019-01-28T04:23:27","date_gmt":"2019-01-28T04:23:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/28\/govt-working-on-incentives-to-promote-electric-vehicles-mercedes-delegation-due-for-visit-soon\/"},"modified":"2019-01-28T04:23:27","modified_gmt":"2019-01-28T04:23:27","slug":"govt-working-on-incentives-to-promote-electric-vehicles-mercedes-delegation-due-for-visit-soon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/28\/govt-working-on-incentives-to-promote-electric-vehicles-mercedes-delegation-due-for-visit-soon\/","title":{"rendered":"Gov\u2019t working on incentives to promote electric vehicles; Mercedes delegation due for visit \u201csoon\u201d"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <b>REGULATION WATCH- Gov\u2019t working on incentives to promote electric vehicles: <\/b>The government is working on a new policy framework to encourage the use of electric vehicles (EVs) based on instructions from President Abdel Fattah El Sisi, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/-meeting-on-encouraging-citizens-to-convert-their-cars-to-work-with-natural-gas-and-localization-of-electric-car-industry-i.aspx\">according to a Cabinet statement<\/a>. <b>The framework will include financial incentives<\/b> to convince international EV assemblers and manufacturers to set up shop in Egypt. Prime Minister Moustafa Madbouly has also directed his government make certain charging docks are installed in new cities and in select gas stations around the country.<\/p>\n<p><b>There\u2019s reason to level up EV infrastructure: <\/b>The statement notes that that Germany\u2019s Federal Minister of Economic Cooperation, Gerd M\u00fcller, will be in Egypt soon with a delegation that includes a team from Mercedes-Benz. The carmaker expressed interest in assembling EVs in Egypt during a meeting held <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/09\/why-2019-could-be-good-for-em-but-bad-for-developed-markets\/\">last month<\/a> between El Sisi and senior Mercedes-Benz global exec Markus Schaefer. The company also announced <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/20\/mercedes-benz-plans-new-cars-assembly-plant-in-egypt\/\">last week<\/a> its likely return to passenger car assembly in Egypt after a years-long hiatus.<\/p>\n<p><b>El Sisi\u2019s directive stresses natgas as a substitute for fuel oil<\/b>: The government is also looking to promote natural gas-powered vehicles, saying it will be easier on the state\u2019s fuel subsidy bill than standard fuels. Some 260k vehicles are running on natgas today, the government said, and the Oil Ministry is also working alongside the SMEs Development Authority to convert 10k passenger cars and taxis to natgas through state-owned <a href=\"http:\/\/www.ngvc-eg.com\/english\/\">Natural Gas Vehicles Company (Cargas)<\/a> and <a href=\"https:\/\/www.gastec-egypt.com\/\">Gastec<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>REGULATION WATCH- Gov\u2019t working on incentives to promote electric vehicles: The government is working on a new policy framework to encourage the use of electric vehicles (EVs) based on instructions from President Abdel Fattah El Sisi, according to a Cabinet statement. The framework will include financial incentives to convince international EV assemblers and manufacturers to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":600362,"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":[8572],"tags":[144,168,93,72,131,2380,368],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-automotive","tag-diplomacy","tag-energy","tag-enterpriseam","tag-manufacturing","tag-speed-round","tag-sustainability","wpautop","entry"],"acf":{"mongo_id":"6fe1250e-3b8d-4283-bd62-1f71463ea5bb","is_powered_by":true,"section_story_id":"ba61a347-65d9-4ef8-869f-cf0c48de6c73","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/4\/electricauto_web_1600.jpg","photo_position":"above","related_issue":[600347],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gov\u2019t working on incentives to promote electric vehicles; Mercedes delegation due for visit \u201csoon\u201d - 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\/2019\/01\/28\/govt-working-on-incentives-to-promote-electric-vehicles-mercedes-delegation-due-for-visit-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t working on incentives to promote electric vehicles; Mercedes delegation due for visit \u201csoon\u201d\" \/>\n<meta property=\"og:description\" content=\"REGULATION WATCH- Gov\u2019t working on incentives to promote electric vehicles: The government is working on a new policy framework to encourage the use of electric vehicles (EVs) based on instructions from President Abdel Fattah El Sisi, according to a Cabinet statement. 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The framework would regulate companies importing and manufacturing charging\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573340,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/29\/the-next-step-in-our-journey-to-an-ev-future-will-cost-about-egp-500-mn\/","url_meta":{"origin":600361,"position":2},"title":"The next step in our journey to an EV future will cost about EGP 500 mn","author":"enterpriseam admin","date":"29 July 2020","format":false,"excerpt":"INVESTMENT WATCH- The next step in our journey to an EV future will cost about EGP 500 mn: The plant that will eventually assemble 25k electric vehicles a year in partnership with China\u2019s Dongfeng Motor Corporation will cost EGP 500 mn to get off the ground, Public Enterprises Minister Hisham\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/240.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":600361,"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 &quot;Transport&quot;","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":577894,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/stellantis-wants-to-build-50k-cars-a-year-here\/","url_meta":{"origin":600361,"position":4},"title":"Stellantis wants to build 50k cars a year here","author":"enterpriseam admin","date":"8 December 2022","format":false,"excerpt":"Automobile manufacturer Stellantis Egypt wants to locally produce 50k cars a year, Managing Director Hesham Hosny said at an industry conference this week (watch, runtime: 44:33). \u201cWe plan to have the Middle East and Africa produce 70% of its own automotive needs,\u201d he said. Stellantis is one of the largest\u2026","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/157.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564365,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/gm-eyes-further-egypt-investments-as-govt-incentives-auto-exports\/","url_meta":{"origin":600361,"position":5},"title":"GM eyes further Egypt investments as gov\u2019t incentives auto exports","author":"enterpriseam admin","date":"26 August 2021","format":false,"excerpt":"General Motors could be looking to invest more in Egypt. That\u2019s the key takeaway from GM MEA President and Managing Director Luay Al Shurafa\u2019s sitdown earlier today with Trade and Industry Minister Nevine Gamea. The two discussed how GM\u2019s expansion plans might dovetail with the Madbouly government\u2019s drive to grow\u2026","rel":"","context":"In &quot;SPEED ROUND: INVESTMENT WATCH&quot;","block_context":{"text":"SPEED ROUND: INVESTMENT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600361","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=600361"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600361\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/600362"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600361"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600361"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}