Morocco’s automotive industry shifts gears to prep for electric vehicle era - News Summed Up

Morocco’s automotive industry shifts gears to prep for electric vehicle era


Moroccan officials are determined to maintain the country’s role as a car-making juggernaut by competing for electric vehicle projects. China’s BYD — the world’s largest electric vehicle maker — has at least twice announced plans to build factories in the country that have stalled before starting. And the day they decide they need electric vehicles, we will,” he said. However, as the United States and European countries encourage their automakers to “onshore” electric vehicle production, it’s unclear how Morocco will fare. France and the United States both passed tax credits and incentives last year for consumers who buy electric vehicles manufactured in Europe or North America, respectively.


Source: The North Africa Journal May 15, 2024 05:15 UTC



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