{"id":604516,"date":"2018-12-05T04:23:00","date_gmt":"2018-12-05T04:23:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/no-subsidies-for-electric-car-charging-in-egypt-companies-seeing-potential\/"},"modified":"2018-12-05T04:23:00","modified_gmt":"2018-12-05T04:23:00","slug":"no-subsidies-for-electric-car-charging-in-egypt-companies-seeing-potential","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/no-subsidies-for-electric-car-charging-in-egypt-companies-seeing-potential\/","title":{"rendered":"No subsidies for electric car charging in Egypt, companies seeing potential"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <b>No subsidies for electric car charging stations? <\/b>The Electricity Ministry will not subsidize electricity sold to recharge electric vehicles, <a href=\"https:\/\/alborsaanews.com\/2018\/12\/04\/1158180\">Electricity Minister Mohamed Shaker<\/a> is quoted as saying by the domestic press. To do so would only inflate the nation\u2019s subsidy bill. The remarks come amid increasing industry interest in electric vehicles. The Trade Ministry\u2019s Egyptian Organization for Quality and Standardization (EOS) is due to set the specification standards for the market before year-end as it is expecting more cars to hit the road in the coming period, EOS head <a href=\"https:\/\/alborsaanews.com\/2018\/12\/04\/1158181\">Ashraf Afifi said<\/a>. Electric vehicles may presently be imported to Egypt at <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/13\/new-tariffs-take-hold-govt-says-they-dont-violate-wto-agreements\/\">0% customs duties<\/a>.<\/p>\n<p><b>More companies seeing potential: <\/b>Luxury automotive distributor <a href=\"https:\/\/mti-mmgroup.com\/mti-automotive\/\">MM Group for Industry and International Trade<\/a> (MTI) is planning to start importing electric cars from Jaguar in 2Q2019, <a href=\"https:\/\/alborsaanews.com\/2018\/12\/04\/1158208\">CEO Khaled Mahmoud said<\/a>. Jaguar\u2019s only electric vehicles are the models of its new <a href=\"https:\/\/www.jaguar.com\/jaguar-range\/i-pace\/models\/index.html\">I-PACE series<\/a>. This makes company the latest to join a wave of manufacturers and distributors involved in the sub-sector. The local distributor of China\u2019s Dongfeng cars, Dershal, says it aims to be the first to <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/11\/dershal-to-invest-usd-53-mn-in-egypt-for-local-electric-car-assembling\/\">assemble the cars locally<\/a>, while <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/19\/smg-plans-to-bring-electric-porsche-taycan-in-egyptian-markets-by-2020\/\">SMG Engineering Automotive<\/a> and <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/30\/new-company-to-introduce-electric-vehicles-to-the-egyptian-market\/\">Revolta Egypt<\/a> are both importing completely built-up units.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No subsidies for electric car charging stations? The Electricity Ministry will not subsidize electricity sold to recharge electric vehicles, Electricity Minister Mohamed Shaker is quoted as saying by the domestic press. To do so would only inflate the nation\u2019s subsidy bill. The remarks come amid increasing industry interest in electric vehicles. The Trade Ministry\u2019s Egyptian [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[144,93,72,131,338,2380,639,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604516","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-automotive","tag-energy","tag-enterpriseam","tag-manufacturing","tag-retail","tag-speed-round","tag-technology","tag-trade","wpautop","entry"],"acf":{"mongo_id":"76f3ec3e-2729-46eb-b065-4d6b3af4959b","order":"0","is_powered_by":true,"section_story_id":"dd06c7b6-1a38-4d56-9bdd-920fed2b3cd1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604497],"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>No subsidies for electric car charging in Egypt, companies seeing potential - 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\/2018\/12\/05\/no-subsidies-for-electric-car-charging-in-egypt-companies-seeing-potential\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"No subsidies for electric car charging in Egypt, companies seeing potential\" \/>\n<meta property=\"og:description\" content=\"No subsidies for electric car charging stations? The Electricity Ministry will not subsidize electricity sold to recharge electric vehicles, Electricity Minister Mohamed Shaker is quoted as saying by the domestic press. To do so would only inflate the nation\u2019s subsidy bill. The remarks come amid increasing industry interest in electric vehicles. The Trade Ministry\u2019s Egyptian [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/no-subsidies-for-electric-car-charging-in-egypt-companies-seeing-potential\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-05T04:23:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/no-subsidies-for-electric-car-charging-in-egypt-companies-seeing-potential\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/no-subsidies-for-electric-car-charging-in-egypt-companies-seeing-potential\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"No subsidies for electric car charging in Egypt, companies seeing potential\",\"datePublished\":\"2018-12-05T04:23:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/no-subsidies-for-electric-car-charging-in-egypt-companies-seeing-potential\/\"},\"wordCount\":210,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"automotive\",\"energy\",\"EnterpriseAM\",\"Manufacturing\",\"retail\",\"SPEED ROUND\",\"technology\",\"trade\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/no-subsidies-for-electric-car-charging-in-egypt-companies-seeing-potential\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/no-subsidies-for-electric-car-charging-in-egypt-companies-seeing-potential\/\",\"name\":\"No subsidies for electric car charging in Egypt, companies seeing potential - 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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":569945,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/12\/auto-industry-wants-more-subsidies-to-produce-first-batch-of-electric-vehicles\/","url_meta":{"origin":604516,"position":1},"title":"Auto industry wants more subsidies to produce first batch of electric vehicles","author":"enterpriseam admin","date":"12 March 2020","format":false,"excerpt":"Auto industry wants more subsidies to produce first batch of electric vehicles: Auto industry figures lobbying the government to increase the subsidies it is planning to offer companies to produce an initial batch of electric vehicles in Egypt, according to Al Mal. Public Enterprises Minister Hisham Tawfik previously said that\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\/3\/153.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565891,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/11\/no-more-used-ev-imports-as-industry-gets-ready-for-local-assembly\/","url_meta":{"origin":604516,"position":2},"title":"No more used EV imports as industry gets ready for local assembly","author":"enterpriseam admin","date":"11 May 2021","format":false,"excerpt":"Importers can no longer bring in used electric vehicles (EVs) under a new Trade Ministrydecision designed to boost local EV assembly. 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