1. Home
  2. EV
  3. Charging
  4. Infinity aims to invest LE 300 million in establishing EV charging stations in Egypt
Infinity aims to invest LE 300 million in establishing EV charging stations in Egypt

Infinity aims to invest LE 300 million in establishing EV charging stations in Egypt

0
0

Subsidising the purchase of electric cars in Canada is an inefficient way to reduce greenhouse gas emissions that is not cost effective, a study revealed yesterday.

CAIRO: Infinity Company reviewed its plan to expand its network of electric vehicle charging stations in the Egyptian market, in line with the directions and plans of the Egyptian government to establish an integrated system for electric cars in the country.

The company said in a statement, Monday, that it owns a network of electric vehicle charging stations that includes more than 40 stations and more than 150 charging points.

It said it aims to open more than 300 charging stations in Egypt by the end of 2023, which requires pumping investments of up to LE 300 million to achieve this strategic goal.

Infinity added that Infinity electric car charging stations are equipped with chargers manufactured by EVBox, the largest European company leading in the manufacture and supply of electric car chargers, which enables each station to charge at least two electric cars at the same time, with some stations equipped with multiple chargers that can charge up to 6 cars together.

The company indicated that electric vehicle owners can also use adaptor cables to charge their cars at the stations as an alternative to the standard cables available at the stations.

For his part, Managing Director of the electric car sector at Infinity, Shams El Din Abdel Ghaffar, said that his company is focusing its efforts to establish an integrated and advanced system for electric cars in Egypt in line with the Egyptian government’s vision to transform private cars in the country.

He emphasized that the company aims to be one of the biggest contributors to laying solid foundations for the smooth and rapid transformation in Egypt of using electric cars, and building confidence among consumers with the level of reliability and high efficiency of electric cars as a modern means of transportation in the future.

Infinity was established in 2018 with the vision to develop Egypt’s electric vehicle charging network infrastructure. We are working towards creating the most reliable and convenient EV charging network in Egypt. Infinity EV is a subsidiary of Infinity, the leading company in the renewable energy sector in Egypt.

Source: egypttoday
Anand Gupta Editor - EQ Int'l Media Network