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    MarketForces Africa » MarketForces News » Egypt Launches Transition to Electric Vehicles

    Egypt Launches Transition to Electric Vehicles

    Julius AlagbeBy Julius AlagbeMay 12, 2026Updated:May 12, 2026 News No Comments2 Mins Read
    Egypt Launches Transition to Electric Vehicles
    Mostafa Madbouly , Egypt , PM
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    Egypt Launches Transition to Electric Vehicles

    Egypt Prime Minister Mostafa Madbouly on Tuesday instructed officials to begin preparations for introducing electric vehicles into the government fleet as the country is stepping up its transition to sustainable transport.

    According to Daily News Egypt, a partner of TV BRICS, the initiative forms part of the country’s broader strategy to modernise public transport infrastructure, improve energy efficiency, and reduce fuel consumption.

    Madbouly reviewed the government’s roadmap for replacing conventional fuel-powered vehicles used by state institutions with electric alternatives during a meeting with Finance Minister Ahmed Kouchouk.

    According to the Egyptian Cabinet, the programme aims to create a more sustainable and technologically advanced transport system while strengthening environmental protection efforts and optimising the use of state energy resources.

    The transition to electric vehicles is expected to help reduce expenditure linked to petroleum imports and improve the operational performance of the government’s transport fleet.

    Authorities also intend for public institutions to become a model for implementing Egypt’s green mobility strategy.

    Officials reviewed plans for expanding the infrastructure needed to support the growing use of electric vehicles across the country.

    The strategy includes the development of fast and smart charging stations, the introduction of digital monitoring systems, and measures to strengthen cybersecurity protections in line with international safety standards.

    The finance ministry also presented a comparative assessment of operational costs between conventional and electric vehicles. According to the study, the transition is expected to generate substantial long-term savings for the state budget.

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    Egypt
    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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