FILE – Egyptian President Abdel Fattah El-Sisi inspects the country’s exhibition for technologies of converting vehicles to run on natural gas – Presidency
CAIRO – 8 October 2022: Egypt, the host of the Climate Change Conference (COP27) in November, goals to expand its presidential initiative of replacing old vehicles with others working with natural gas, Minister of Finance Mohamed Maait said.
It will happen by engaging latest cities and governorates to the initiative, Maait explained, noting that residents of Upper Egypt’s Luxor and Aswan have been allowed to hitch the initiative.
It will contribute to increasing the variety of beneficiaries from the initiative in a way that maximizes the efforts of green transformation and enables residents to own latest cars as an alternative of vehicles which can be greater than 20 years old, Maait said.
The initiative’s website allows residents to know the worth of the monthly installments which extend to 7-10 years based on the form of the automotive, Maait said.
On this regard, the state’s treasury has endured a value of LE 570 million for the green incentives to limit air pollution and reduce carbon emissions, the minister added.
As many as 23,730 vehicles have been allocated for the initiative and greater than 23,447 old cars have been scrapped, Tamer Abdel Zaher, the initiative’s spokesman said.
The variety of applicants eligible for the initiative have reached greater than 40,000 on the initiative’s website, Abdel Zaher noted.
In December 2020, Egypt’s President Abdel Fattah El-Sisi ordered offering residents with old vehicles a correct money incentive within the event of replacing their vehicles with latest ones that work with natural gas.
In January 2021, then-Minister of Trade and Industry Nevine Gamea said Egypt plans to convert 150,000 old vehicles to latest ones working with natural gas as a part of the intiative.
The state also seeks to scrap as many as 250,000 old cars and to switch them with latest bi-fuel ones, Gamea said.
