Cabinet Approves Green Incentives to Convert Cars to Natural Gas

Cabinet Approves Green Incentives to Convert Cars to Natural Gas

ِA Cabinet meeting  headed by Prime Minister, Mostafa Madbouly, approved to finance the proposed  green incentive for car owners to convert their vehicles to run on natural gas, as part of an initiative launched by President Abdel Fattah Al-Sisi, to replace obsolete vehicles and convert cars to run with natural gas.

According to the cabinet approved proposals, private cars owners will get incentives equal to 10% of the new car price, with a maximum of 22,000 EGP. Taxi drivers will get a 20% incentive with a maximum of 45,000 EGP , while micro-buses will get incentives of 25%, with a maximum of 65,000 EGP.

 

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