Egypt has launched the Vehicle conversion plan in accordance with in-depth and integrated scientific studies, Egypt’s President Abdel-Fattah el-Sisi said.
He also noted that the plan was set after the provision of all needed infrastructures, including the establishment of a network of gas-fueling auto stations and service and maintenance centres nationwide, as well as offering affordable financing mechanisms
The President has stressed on the “special” attention the country is giving to the conversion and replacement initiative given its “direct” benefit for citizens, who are provided with new, low-cost gas-consuming models with low-interest financial facilities and long-term instalment programs.
El-Sisi also met with a number of representatives from auto manufacturing companies in Egypt.
He followed up on their cooperation with government agencies in light of the national initiative to replace and convert vehicles to run on natural gas.
“The initiative is in line with the state’s strategy to raise citizens’ standards of living,” El-Sisi added.
Egypt has launched this plan in accordance with in-depth and integrated scientific studies and after the provision of all needed infrastructures, including the establishment of a network of gas-fueling auto stations and service and maintenance centres nationwide, as well as offering affordable financing mechanisms, he added.
The auto companies’ representatives expressed their hope to cooperate with the Egyptian government and “actively” contribute to provide the best offers and models with the latest technologies and technical specifications.
With the aim of preserving the environment and making use of the country’s plentiful natural gas production, the Egyptian government plans to scrap old and rickety cars manufactured over 20 years ago and replace them with new ones running on natural gas, as well as to convert hundreds of thousands of vehicles to gas-powered models.
In December, El-Sisi demanded to offer citizens, who own rickety vehicles, an appropriate cash incentive to encourage them to replace their vehicles with new ones that run on natural gas.
