Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

IKEA to Launch 1st Electric Vehicle Charging Station in Egypt


Mon 19 Nov 2018 | 08:55 AM
Taarek Refaat

CAIRO, Nov. 19 (SEE)- Swedish furniture group IKEA announced on Sunday that it intends to launch the first electric vehicle charging station at Cairo Festival City's parking lot.

The station can charge up to two cars at the same time, in partnership with Schneider Electric.

This comes within IKEA's development strategy, which aims at producing renewable energy to meet its total consumption by 2020.

IKEA has allocated $ 1.6 billion to invest in renewable energies such as wind power, solar energy, and research, targeting further potential customers and challenging climate change.

It is worth mentioning that IKEA will be the first of a list of 20 other electric power stations to operate in Egypt.

The company plans to set up a similar terminal in the 6th of October City, which is due to open soon.