Why are EV batteries becoming more popular in Morocco?

This gives Morocco a competitive advantage in future EV battery production, as lithium iron phosphate (LFP) batteries are increasingly being used as they are cheaper, safer and last longer than their cobalt-based counterparts.

How long have we been distributing batteries in Morocco?

We have been distributing automotive & industrial batteries since 1973. We have distribution centers in many cities, and we supply batteries to retailers all over Morocco. We can be your reliable...

Will Rabat reduce import duty on lithium-ion batteries in 2022?

In November 2021 Rabat unveiled its public finance bill (PLF) for 2022 which proposed a reduction of the import duty on lithium-ion cells from 40 percent to 17.5 percent, in order to encourage the establishment of a national lithium-ion battery assembly using cells imported from Asia.

Will Morocco join the EV industry?

But Morocco now looks set to join the big league after its government announced in July that it is planning to ink a deal with several EV battery manufacturers to construct a huge production facility in the kingdom by the end of this year.

Is Morocco a good place to invest in EVs?

Morocco is ripe to harness the enormous growth opportunities that the global EV industry presents. The country is home to many of the materials critical for the manufacturing of batteries, such as cobalt, fluorine and phosphate. In 2020 the kingdom’s cobalt exports totalled $84 million, positioning it as the world’s 13 th largest exporter.

Are electric cars becoming more popular in Morocco?

Today, demand for electric batteries is growing both outside and within Morocco, where Citroen plans to double its production capacity in Kenitra, in the north-west of the country, from 50,000 supermini electric cars within two years.