Greater than 28,000 2024 vehicles have been delivered at a value beneath the market and in installments of as much as 10 years – Misrna Newspaper

Throughout the initiative of the Presidency of the Republic launched in March 2021 to switch outdated automobiles with new environmentally pleasant vehicles, the Minister of Finance, Dr. Mohamed Maait, introduced the supply of greater than 28 thousand vehicles new environmentally pleasant this 12 months, regardless of the financial disaster and the challenges that the state is going through, in addition to the rise within the giant enhance within the costs of products and providers, as a result of the state for vehicles present new environmentally pleasant automobiles and lengthen the automobile restore initiative to the governments of the Republic, and that is throughout the framework of the pursuit of inexperienced transformation, and collectively we’re reviewing extra element -information concerning the automobile restoration marketing campaign.

Extension of the 2024 automobile substitute marketing campaign

As a part of the nation’s effort for a inexperienced transformation, it was introduced Minister of FinanceDr. Mohamed Moait, expressed that the state was prepared to extend the variety of beneficiaries of the automobile restore marketing campaign and exchange them with environmentally pleasant automobiles, as the final funds of the state was about 718 million kilos, the worth of the inexperienced incentive for these automobiles throughout the new initiative, which acquired credit score amenities at an rate of interest that reached 3% from the varied collaborating banks, in addition to carrying round 100 one thousand kilos of the worth of the non-public accident insurance coverage coverage for the motive force of the automobile.

The Minister of Finance additionally confirmed the supply of greater than 28 thousand trendy, environmentally pleasant vehicles, designed this 12 months, at decrease costs in comparison with market costs, and cost amenities and installments reaching 7 and 10 years a lot of the governments of the Republic, to broaden the bottom of beneficiaries of the initiative.

Creating the automotive sector in Egypt

Dr. Mohamed Maait, Minister of Finance, highlighted the work to make Egypt a regional heart for the manufacturing and export of vehicles, work to localize its trade and develop the native product, and the efforts of the state within the interval we’re forward to permit the gradual change. electrical automobiles as a substitute of vehicles that depend on petroleum merchandise, to broaden the dependence on clear power and rationalize the consumption of petroleum.