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20,000 persons register in vehicle replacement, conversion to clean energy initiative
6 January 2021  -  Sector :  -  Entity :  -  Category : General

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The initiative offers a car scrappage scheme of long-term loans with lower interest rates.

Cairo- Jan 6, 2021

“The presidential initiative to replace and convert vehicles to run on clean energy has drawn great interest from the public and a large turnout at the Go Green exhibition,” Minister of Trade and Industry Nevine Gamea said at a press conference held to mark the closing of the expo.

She announced that, over the three days of the event, the total number of those who registered on the initiative’s website reached 20,000 persons.

The minister added that the applications submitted on the website will be examined in the coming days, and eligible applicants will be notified to scrap their old cars. The scrappage process will be carried out in cooperation with the ministries of interior and local development.

The first phase, she noted, will be implemented during the current year, and it targets the replacement of 70,000 vehicles, including 55,000 private cars and taxis, and 15,000 microbuses.

She further said that the president had launched the initiative to help citizens replace their old cars, noting that it offers scrappage schemes of long-term loans with lower interest rates.

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