Back to the complete issue
Thursday, 20 October 2022

No fuel money? No problem — find yourself an EV battery

Pimp my ride, the sustainable, Egyptian way: Unhappy with surging fuel prices, Egyptian teacher Ali Al Saeed decided to convert his 1985 Fiat into an EV, Reuters reported on Monday. Despite the hefty cost of the electric battery (nearly six times the USD 510 car’s price), the investment was worth it, Al Saeed says. He used to fuel up nearly every other day — a hefty financial burden that soon proved to be unsustainable (in more ways than one). Thanks to his new investment, charging his car costs him around USD 0.50 for almost every 100 km traveled.

Al Saeed may prove to be an early trendsetter for EVs in Egypt — the country’s House of Representatives earlier this week approved a bill that will push green vehicle assembly and adoption.

Enterprise Climate is available without charge thanks to the generous support of HSBC (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; and Infinity Power (tax ID: 305-170-682), the leading generator and distributor of renewable energy in Africa and the Middle East. Enterprise Climate is delivered Mon-Thurs before 4 am UAE time. Were you forwarded this copy? Sign up for your own delivery at climate.enterprise.press. Contact us on climate@enterprisemea.com.