Egypt’s Sisi orders for cash incentives to replace old vehicles with new natural gas-operated ones

  • Date: 11-Dec-2020
  • Source: Ahram
  • Sector:Oil & Gas
  • Country:Egypt
  • Who else needs to know?

Egypt’s Sisi orders for cash incentives to replace old vehicles with new natural gas-operated ones

The president called for organising an integrated exhibition “” with the participation of major international automotive companies “” for those wishing to convert or replace their old cars







Ahram Online

, Thursday 10 Dec 2020







Egypt's President Abdel-Fattah El-Sisi during a meeting with Prime Minister Mostafa Madbouy and Governor of the Egyptian Central Bank Tarek Amer and others on Thursday, 10 December 2020 (photo: Egyptian presidency)













Egypt's President Abdel-Fattah El-Sisi has 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, as part of the country's broader plan in this respect.

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.

Financing programs have been launched by the government to help the owners of these obsolete cars, whether private cars, taxicabs, or microbuses,