Egypt Launches E-Platform For Automotive Industry Development Program

November 14, 2023


Egypt’s government introduced an electronic platform for the Automotive Industry Development Program (AIDP), promoting EV localization. The goal is to boost assembly, and manufacturing, and attract new investments. Policy amendments were finalized to offer financial incentives for replacing, converting, and financing clean energy-powered vehicles. The program will cover the assembly of passenger cars, SUVs, vans and microbuses as well as R&D centers, testing labs, and automotive software development centers that feed local production and assembly.

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