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17,000 Electric Cars Licensed
The economic and social development plan in Egypt has set a target to increase electric vehicle production to 500,000 cars annually by 2030, as part of the effort to transition toward a green economy. By the end of 2025, 17,366 electric vehicles had been licensed, supported by incentives including financial support of up to 50,000 Egyptian pounds for locally manufactured cars, tax exemptions, expansion of the charging station network, and increasing the local content in production lines. The goal is to make Egypt a regional hub for manufacturing and assembling electric vehicles and exporting them to European markets.
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