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In 2024, the average price of battery electric vehicles (BEVs) in Egypt stood at * U.S. dollars. This marked only a slight a decrease from the previous year. From 2018 to 2023, the average BEV price gradually decreased. The price is projected to continue a slow decline, reaching * U.S. dollars by 2029.  

Market growth and infrastructure development 

The electric vehicle (EV) sector in Egypt is showing signs of expansion, with unit sales reaching ** in 2024, comprising ** BEVs and ** plug-in hybrid electric vehicles (PHEVs). The market is projected to grow to ** vehicles by 2029. To support this growth, Egypt has been investing in charging infrastructure, with the number of charging stations increasing by **** percent to *** in 2024. This number is expected to nearly double to *** stations by 2029, indicating a commitment to facilitating EV adoption.Ìý

Price trends and market dynamics 

While BEV prices are gradually decreasing, PHEVs remain significantly more expensive, with an average price of ** U.S. dollars as of 2024. This price gap may influence consumer choices in the Egyptian market. Despite the higher costs, the overall electric vehicle revenue in Egypt reached *** million U.S. dollars in 2024, with BEVs contributing *** million U.S. dollars. Among the popular EV brands in Egypt, Volkswagen led with *** insured and licensed vehicles as of May 2024, followed by Mercedes and BYD. The diverse range of options and growing market indicate potential for further expansion in Egypt's electric vehicle sector.