Egypt targets 100,000 electric vehicles by 2032
Government plans to boost local manufacturing and reduce import dependence for automotive components.
Egypt aims to produce up to 100,000 electric vehicles annually by 2032, a move designed to cut import reliance and boost domestic manufacturing. Prime Minister Mostafa Madbouly reviewed the government's plan to localize the automotive industry, emphasizing its importance for industrial growth and export potential to neighboring markets.
Industry Minister Khaled Hashem detailed partnerships to increase local production of automotive components, including an agreement for 8 million metal parts annually. A vocational school for mould and die manufacturing is also planned. Discussions are underway for local battery supply for buses and vehicles, and for electric motors.
A major international automaker plans to start producing three electric vehicle models in Egypt in 2027, targeting 100,000 vehicles annually by 2032. This company aims to increase local component content from 10% to 27% by 2032. China's Dongfeng has already begun electric vehicle manufacturing in partnership with SN Automotive and El Nasr Automotive.
Why it mattersEgyptians will have access to locally manufactured electric vehicles and components, potentially lowering costs and increasing availability.