Egypt gets $10m grant for EV service facilities

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The Korea International Cooperation Agency (KOICA) has given Egypt a grant of $10 million to develop EV maintenance technology at four vocational training institutions. Egypt said the five-year project will provide simulation systems for practical training and advanced equipment for repairing electric car batteries as they are the most important component in vehicles.

• The KOICA grant addresses a gap in Egypt's EV market by training a skilled workforce. This investment will increase the number of qualified technicians to maintain and repair EVs, particularly their battery systems.  

• KOICA is increasingly involved in Africa’s EV sector. It is exploring the introduction of EVs into the green transition strategy of Sierra Leone, and has held discussions regarding potential investments in EV projects in Nigeria. 

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