Cairo – Mubasher: Hassan Allam Holding Company (HAH) signed a cooperation agreement with El Nasr Automotive Manufacturing Company to replace part of its fleet with electric vehicles, according to a press release on Thursday.
HAH will replace its old vehicles with electric ones, in an initiative that could be the first of its kind in the Egyptian market.
The company will also work together with the top electric vehicle charging station manufacturers to lay the ground for the infrastructure needed for the transition, CEO HAH Amr Allam commented.
“The current global trend of shifting towards electric vehicles is fuelled by their unique ability to cut greenhouse gases, reduce dependence on hydrocarbons as energy sources, and achieve sustainable development goals (SDGs) and Egypt's Vision 2030," Allam added.
The CEO stated that HAH seeks to turn all their projects green by using clean and renewable energy, which comes in line with the government's Live Green initiative.
Egypt’s Ministry of Public Business Sector has launched an initiative to replace old vehicles nationwide with newer models that run on clean energy.
El Nasr is reportedly going to start manufacturing electric cars (Nasr E70) next year.