Subsidising the purchase of electric cars in Canada is an inefficient way to reduce greenhouse gas emissions that is not cost effective, a study revealed yesterday. — AFP-Relaxnews picCAIRO – 1 March 2021: Minister of Finance Mohamed Maait issued a decree including new facilities in calculating the customs tax for used passenger cars that operate with an electric motor or with dual motors "electricity, gasoline". This decision comes in line with the state's efforts to expand the use of electric vehicles, especially since Egypt is a promising market for the transportation industry in general. Maait explained in a statement issued, Monday, that the decision included granting used passenger cars that operate with an electric motor or dual motors a 10- percent discount from the Free On Board (FOB) value, provided that the import rules are met, which are received in Egypt from the first of October of the model year until End of September of the following year. He pointed out that this comes in light of the state’s tendency to strive to rely on clean cars to preserve the environment and save energy, especially since electric cars can travel a long distance with minimal energy consumption.

Source: Egypt Today March 01, 2021 09:22 UTC