TAQA Volt, a subsidiary of TAQA Power, has entered into a significant partnership with Wadi Degla Development to address the increasing demand for electric vehicles (EVs) and sustainable living solutions, Invest-Gate reports.

The collaboration aims to install over 14 EV charging stations across Wadi Degla’s real estate projects.

This initiative marks a crucial step towards enhancing sustainable transportation infrastructure in Egypt, aligning with the country’s 2030 sustainability vision, and meeting the needs of environmentally conscious consumers. Samy Abdel Kader, Managing Director of TAQA Power, highlights TAQA Volt’s leading role in Egypt’s transition to electric mobility as the country’s first licensed EV Charging Company.

With over 100 operational charging stations, TAQA Volt is committed to meeting the growing demand for electric vehicles. Abdel Kader emphasizes the partnership with Wadi Degla Developments as a strategic move to address a significant barrier to EV adoption—the need for accessible and reliable charging solutions.

The collaboration will focus on installing charging stations compatible with all EVs, prioritizing durability, reliability, and user-friendliness. Market research shows that 40% of potential EV buyers are deterred by the limited availability of charging stations, making the initiative crucial to supporting Egypt’s 2030 sustainability goals.

Dr. Raymond Ahdy, CEO of Wadi Degla Developments, emphasized the broader implications of incorporating EV charging stations into their projects, stating that it strengthens their commitment to sustainability and enhances property value, appealing to buyers and tenants who prioritize eco-friendly living options.

“Offering EV charging facilities also provide a competitive edge in the real estate market,” Ahdy added.