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Egypt to produce electric car at alluring price

Egypt plans to produce its first locally made electric car and put it on the market soon, with two models having already been designed.

The new locally made electric cars utilize clean sources of energy and are economical in its price, the privately-owned al-Watan newspaper reported on Tuesday.

The first model will be produced by an Emirati company operating in Egypt, and the second is being manufactured at the 10th of Ramadan Factory with a target of producing 5,000 electric cars per month within six months, according to Egyptian media reports.

Other advantages of these cars is that they they can accommodate up to five people, and can hit speeds of 60 km per hour.

The electric car will be reportedly at about LE 95,000 (about US$ 3,115), and the life span of lithium-ion battery in it is 12 years, with a 10-year guarantee.

The car is affordable, with an operating cost of no more than 30 percent of the costs of conventional cars that run on gasoline, and the exterior structure of the car is 100 percent Egyptian-made.

Up to 60 percent of its components are locally made, in total.

Egypt intends to increase the local components of the electric car to 100 percent within two years.

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