China sets sights on Morocco as North African nation becomes centre of EV revolution

Contributing sentiments towards policy:

61% : Michel Jacinto, senior associate of light vehicle sales forecasts for Morocco, Algeria, Egypt and Iran at S&P Global Mobility, said Europe could become a major market for batteries made in Morocco as the EU announced the end of internal combustion engines for new vehicle registrations after 2035.
53% : Chinese ambassador to Morocco Li Changlin said that project - "which the two heads of state are jointly concerned about" - had made "significant progress" and was "[now] ready to receive investment from China and other countries".
51% : Plus, he said, increasingly the EU will pay closer attention to the amount of carbon dioxide emissions across a battery's entire life cycle, starting with the extraction of raw materials and including assembling, transport and recycling.
50% : " Zakia Subhan, head of Middle East and Africa Forecasting, and David Leah, a senior analyst at Powertrain Forecast, both part of LMC Automotive, said Morocco's free-trade agreement with both the EU and the US puts Chinese companies in a more favourable position to benefit from subsidies under the US Inflation Reduction Act, as well as policies in relation to the EU's Critical Raw Materials Act.

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