Egypt targets annual production of 100,000 electric vehicles by 2032
Egypt is stepping up efforts to localise electric vehicle (EV) manufacturing and automotive components, targeting annual production of up to 100,000 vehicles by 2032 as the government seeks to reduce import dependence, strengthen domestic manufacturing and expand export opportunities. Prime Minister Mostafa Madbouly reviewed the main pillars of the government’s plan to localise the automotive industry and its supporting industries during a meeting attended by Khaled Hashem, Minister of Industry, and Mohamed Sami, the ministry’s Assistant Minister for Strategic Affairs. Madbouly said industrial growth remains a key government priority, with particular emphasis on automotive manufacturing, given Egypt’s large domestic consumer market and opportunities to export to neighbouring markets. He a…