Morocco Satisfied with High Demand for Electric Cars
The government of Morocco is pleased with the substantial demand for electric vehicles on the domestic market.
Government spokesperson Mustapha Baitas stated that the nation of North Africa is supporting the initiative to produce electric vehicles.
The meeting between CEO of the global corporation Stellantis and Head of Government Aziz Akhannouch was recounted by Baitas, who
emphasized that the meeting was in accordance with Morocco’s goal to increase the production of electric vehicles.
Stellantis will devote a third of its production capacity to electric cars
The automaker stated on Thursday that it will spend more than €300 million in its Kenitra manufacturing site to increase local production capacity to 400,000 vehicles by 2030, with a goal of capturing more than 22% of the MENA market.
The company plans to build 50,000 electric vehicles annually, including the Citroen Ami and Opel Rocks-e.
Morocco has often stated its resolve to increase the manufacturing of electric vehicles as part of its goal to expand the automotive industry.
The country’s dedication to sustainable development is reflected in its tenacity.
The Stellantis group expressed pleasure with its expansion in Morocco, just like the Moroccan government did.
Carlos Tavares, the group’s chief executive officer, stressed that the increased investment is part of a plan to achieve “number one position in the market and double-digit profit.”
Stellantis also endorsed Morocco’s switch to renewable energy.