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Electric vehicles

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Electric vehicles

Opportunity Brief

The automotive industry is currently one of the most important emerging industries in terms of sales volume, the positive environmental
impact of its products, and the desire of consumers around the world to switch from conventional cars to electric vehicles This is why
countries have supported this industry with initiatives and financial support, even at the level of policies, laws, customs tariffs,
and various tools that countries use to support their industries.

In this regard, Egypt has shown interest in the electric car industry as an investment opportunity, including support for investment in the
industry’s logistics services, such as the construction of electric charging stations, as well as related feeder industries such as the
electric battery industry.

The most important parts of electric cars (parts specific only to electric cars and not found in conventional cars) are the following:

  • Electrical motor.
  • Electrical batteries.
  • Battery Management System (BMS).
  • Electrical and electronic parts.
  • Software and applications associated with the console.
  • Inverter.
  • Vehicle charger.
  • Cooling system.

Electric cars share some components with their conventional counterparts (internal combustion engine cars), such as metal omponents,
brakes, and upholstery However, the gearbox and electrical wiring in an electric car differ from those in other cars.

Electric vehicles

Investment Opportunity Drivers Global Perspectives
  • The large and growing demand in the local market, given that electric cars have become a highly sought after product, has seen an
    average increase in demand during the period from 2020 to 2024 of approximately 9 10 annually.
  • The trend towards relying on some types of electric cars as alternative means of transportation in new urban cities.
  • There are good export opportunities in many global markets due to the increase in global demand, with the growth rate reaching
    approximately 14 annually between 2020 and 2024
  • Electric cars are assembled or imported in Egypt by a limited number of companies, despite the country’s drive to expand the use
    of clean vehicles Among the most prominent companies operating in this field is El Nasr Automotive Company, a subsidiary of the
    Holding Company for Metallurgical Industries, which has launched a project in cooperation with Chinese companies
    to assemble electric cars locally.
  • Annual import volume ranges between 29 32 million during the period from 2022 to 2024.
  • Egypt has a strong industrial base in the feedstock industries for conventional fuel engine vehicles, which represents a significant
    competitive advantage for attracting investments in the electric vehicle sector This diversity in local feedstock industries
    can be leveraged to support the expansion of domestic electric vehicle production, contributing to reducing reliance on imports
    and  enhancing the added value of national industry.
  • Industrial partnerships based on well known brands and knowledge transfer are essential to advancing the electric vehicle industry
    and working on localizing the industry.
  • Suze Canal Economic zone (SC Zone).
  • Industrial zone in 10 th of Ramadan city.
  • Industrial Zone in 6 th of October city.