The AASTMT project includes the production of two types of EVs to enhance the EV industry locally, said the Dean of the Applied Research Department at AASTMT Mohamed El-Ghamry in a statement to Middle East News Agency on Tuesday.

The final design for the second type of EV, the "passenger car" that can seat five people, will be ready for launch in markets within 5-6 months, El-Ghamry added. 

El-Ghamry revealed that the lifespan of the lithium-ion battery of both vehicles is 20 years, similar to modern vehicles such as Tesla.  

Moreover, the vehicles are equipped with solar cells and are energy-efficient, with operating costs not exceeding 30 percent of the cost of gasoline-powered vehicles. What's more, the vehicles come with an economical price that starts from EGP 95,000 ($3,074.15). 

The vehicle bodies will be produced solely in Egypt, while more than 60 percent of the vehicle parts will be made locally, said El-Ghamry.  

El-Ghamry added that a research project funded by AASTMT aims to increase the percentage of locally-made components to 90 percent within 24 months of the start of production.

Work is underway to establish a complex for the production of these EVs in 10 Ramadan City, covering an area of 50,000 square metres. 

In June 2022, the Egyptian government launched a national strategy to develop the automotive industry in the country, including the EV manufacturing sector. 

In October 2022, Egypt's Senate approved a new government-drafted bill aimed at establishing a supreme council for vehicle manufacturing and creating a fund to finance an environment-friendly EV industry in Egypt.