According to bank provided information, with the support of the European Bank for reconstruction and Development ("EBRD") the Government of Egypt is developing an E-mobility strategy (the "strategy") to eliminate some of the most common barriers to deployment of electric mobility in an effort to 1) reduce emissions; 2) reduce the dependency on fuel imports and subsidies and; 3) create policies to incentivise the use of electric vehicles. Furthermore, increasing the share of electric vehicles in major metropolitan cities such as Cairo, Alexandria and major highways may be constrained by the capacity of the energy sector and may require additional investments in energy generation.
In order to develop the strategy, a consultancy assignment is underway with the overall objective of allowing the Government of Egypt to assess the short to medium term market potential and readiness to roll out EVs in selected cities as well as the development and design of the associated charging infrastructure.
*Contact information not provided at the time of disclosure*
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