Monday 06 September 2021
Books – Mustafa Eid:
The initiative to replace old cars with natural gas has published a post on its Facebook page in order to remind beneficiaries of a procedure they must implement after receiving the new car.
The initiative indicated in the publication that this procedure consists in the beneficiary who participated in the initiative with the “cash” system, closing his request on the initiative’s website.
She explained that in order to close the application on the website, the beneficiary must enter the application number and a copy of the new car license (both sides), and it must be written on it (gas / petrol).
The initiative stated that the beneficiary of the initiative with the installment system will be the car company by closing its request instead of it, unlike the beneficiary of the cash system.
The Car Replacement Initiative, which was launched this year, includes replacing new cars locally manufactured and running on natural gas with old cars that have been manufactured for 20 years or more, by providing a material incentive for the beneficiaries of the initiative from the price of the new car, in addition to allowing the remaining amount to be paid in installments. A period of 7 to 10 years.
The initiative disburses a green incentive of 10% of the car price to the beneficiaries of owners car owners, with a maximum of 22,000 pounds, 20% for taxi owners, with a maximum of 45,000 pounds, and 25% for owners of microbus cars, with a maximum of 65,000 pounds.
The first phase of the initiative entered into force in March after the signing of the “organizing protocol” that includes the executive procedures for this initiative between the relevant ministries, banks, car manufacturers and insurance companies, after opening the door for applications in it since last January.
The governorates of the first phase of the initiative include Cairo, Giza, Alexandria, Qalyubia, Port Said, Suez, and the Red Sea.