Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Egypt, South Africa pledge to deepen development cooperation at G20 meeting    Egypt's PM orders road maintenance review, tougher penalties to curb accidents    Egypt, Novartis explore expanding collaboration in oncology, cardiology    Iran launches mass deportation of Afghans amid spying allegations    EU, China agree on rare earths, climate but divisions remain on trade, Ukraine    Association of Real Estate Developers seeks urgent meeting over threatened land deallocation on Northwest Coast    Midar partners with Adeer to develop Boulevard project in Mostakbal City with EGP 70bn investment    Over 60 million visits recorded under Egypt's Women's Health Initiative since 2019    Culture minister launches national plan to revive film industry, modernise cinematic assets    Thailand, Cambodia clash on new front as tens of thousands flee    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    UK pay settlements stagnant amid inflation surge    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    Egypt welcomes 25-nation statement urging end to Gaza war    EGX to close Thursday for July 23 Revolution holiday    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt, Somalia discuss closer environmental cooperation    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt, Uruguay eager to expand trade across key sectors    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Electricity price for cars will be sold without subsidy
Pilot programme for recharging cars in subsidiaries: Shaker
Published in Daily News Egypt on 05 - 12 - 2018

The Minister of Electricity, Mohamed Shaker, informed Daily News Egypt that the tariff for recharging electric cars will be the real cost without any subsidy, adding that electric cars provide a better level of reducing greenhouse gas emissions, and improve the environmental impact of generating electricity, and do not add more burden on the state budget by subsidising the cost of energy.
He added that the ministry of electricity does not have any problem in the provision of energy for cars, especially as there is a surplus in the daily production up to 2,500 MW.
Furthermore, Shaker explained that the ministry is not reluctant to supply electricity to all participants, but does not provide units for recharging electric cars, as the ministry's role is only to provide electricity.
The Egyptian Electricity Holding Company (EEHC) has agreed to set up a pilot project to establish electric cars' recharge stations in a number of its affiliated areas, within the scope of electricity distribution companies.
EEHC Head, Gaber El Desouky, said that the company agreed to contract with a private company to provide electric vehicle charging units as a pilot project, and if proves successful, it will be applied in all the EEHC's subsidiaries.
El Desouky clarified that the ministry will not currently contract to purchase electric cars but will provide recharge units, especially as electric cars are arriving in Egypt.
He elaborated that the controls, mechanisms, and rules governing the implementation of recharge stations are still under discussion, and the sector is ready to provide electricity to all participants who have secured a surplus, and enough reserve to meet all sectors' needs of electricity.
In early February, Revolta opened the first recharge stations in Egypt and Norh Africa, in cooperation with the National Petroleum Services Company, and Schneider Electric.
Revolta aims to implement 65 recharge stations in seven governorates, with investments of over EGP 65m, and to reach all areas in Egypt by 2020. The price of used electric cars from 2014 and 2015 range from EGP 250,000 and EGP 300,000, while the price of new cars amounts to EGP 600,000.
Despite their relatively high prices, Revolta's president predicted that electric cars would be very popular in the Egyptian market because of their low operating cost, the lack of need for periodic maintenance, compared with cars equipped with internal combustion engines.
A number of Chinese, Italian, and German companies have begun negotiating with Egyptian institutions to supply power units by next year.
An official with a Chinese company said that the company has partnered with an Egyptian company to become its agent in the Egyptian and African market, and provide recharge units for electric cars with different capacities.
He explained that the Chinese company provides many recharge units of different models and different prices.
Revolta opened the way for German companies to supply their products in the Egyptian market, as three German companies negotiated with Egyptian institutions for the supply of electric cars and buses recharge units.
The former Head of Egyptian Electricity Regulatory Authority, Hafez Salmawy, said that electric cars have many advantages, such as reducing reliance on fuel, cutting emissions, and rechargeable batteries.
He explained that the disadvantage of electric cars is their relative high prices, which may start at $35,000 (EGP 650,000).
Salmawy added that charging the battery requires a period of 6 to 8 hours which is enough to power the car to 160-200 km.
The calculation of the cost of kilowatt used in electric cars differs depending on the amount of electricity consumed by each battery, aside from the cost of electricity itself.
A number of importers went to the Chinese market to import electric cars after their prices fell—compared to European markets.
Mamdouh Salah, a car dealer, said that used electric cars in China models in 2015 and 2016 do not exceed $10,000 (EGP 190,000), which could suit the purchasing power of Egyptians. The cost of a small recharge unit amounts to EGP 100,000 which consumers can keep at their homes.
He stressed that the Egyptian market is large and can absorb many electric cars. Salah pointed out that he is preparing to purchase 200 used electric cars from China next year, and will provide them to citizens with different instalment schemes.


Clic here to read the story from its source.