Abdul Latif Jameel Finance Egypt has launched a new financing program designed to meet the needs of prospective electric vehicle owners.  The scheme makes it easier for customers to own an electric vehicle up to the value of EGP 3 million (US$ 62,890) by offering a range of financing options.

Aligned with Abdul Latif Jameel Finance’s dedication to promoting a more sustainable future, the program is one of a range of options which are tailored to the evolving needs of today’s consumer.

Customers are requested to make a down payment of at least 20% to access a financing value up to EGP3 million, with a flexible repayment scheme up to five years.  Additionally, they are offered insurance, maintenance, and spare parts financing programs up to EGP 150,000 to provide comprehensive protection of their electric vehicles.

Siraj Badqail, Chief Executive Officer, Abdul Latif Jameel Finance, Egypt, said:

“The introduction of the electric vehicle financing program aligns with our belief in the significance of environmental preservation and our dedication to promoting a more sustainable future.  

This program is a valuable investment for the future, offering potential for growth and advancement in the automobile industry.  Moreover, it coincides with the Egyptian Government’s initiative to exempt electric vehicles from customs duties, further emphasizing our commitment to support this transition.”

Electric vehicles can be considered one of a range of sustainable alternatives to traditional fuel-powered vehicles as they operate solely on electric power with zero emissions, helping in minimizing air pollution in urban environments enabling drivers to make a more environmental choice.

The launch of this program underlines Abdul Latif Jameel Finance Egypt’s commitment to enhancing customer experience by providing a range of financing solutions tailored to meet their ever-evolving needs.