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Egypt’s Infinity and Middle East Holding Company (MEH) launched a new JV, Infinity Jordan, set to develop an EV charging network across the kingdom, according to a statement published last week. The JV plans to build over 1k charging points across the country by 2030.
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Not the first to show interest: Egypt’s Pathfinder Energy Group was exploring the installation of 500 EV charging stations in the kingdom at a total investment of USD 470 mn last year. The charging stations are planned to be powered by solar and wind and to be built in three phases over three years, with 120 charging points slated for the first phase.
REMEMBER- Jordan’s EV sales boomed in 2023: Jordan saw the highest share of regional electric vehicle sales in the Middle East in 2023 at over 45% of its total car sales, a feat powered mostly by EVs’ lower import duties than those imposed on cars with fuel engines.
But the trend was upended momentarily: Last September, Jordan’s Council of Ministers decided to reverse parts of its 2023 duty scheme, lowering the duties on gasoline vehicles and progressively increasing them on luxury EVs — those exceeding JOD 10k — which represented over 80% of the Jordanian EV market. The decision, which left over 12K EVs stranded in ports, was reversed last month after the government halved the planned duty increases.
FURTHER AFIELD IN THE EV CHARGING SECTOR-
Regional player Prime Group + V-Green to install 100k chargers in Indonesia: Prime Group has signed an MoU with the Vietnamese EV charging company V-Green — a spinoff of VinFast’s EV charging development department — to develop a network of 100k electric vehicle charging stations in Indonesia, according to a press release from last week. The two sides aim to set up a network compatible with VinFast’s EVs over the next three years at a projected cost of USD 1.2 bn. Construction of the first charging stations will begin in January 2025, with some stations expected to be up and running within the year.
