Iran has some of the world’s cheapest gasoline prices, but nonetheless, a promising domestic electric car design began introduction several years ago. However, the program was effectively canceled after the US reimposed economic sanctions, making buying parts for the vehicle both difficult and expensive.
The Iranian government is looking to jump-start a domestic electric vehicle (EV) industry. On Monday, the Science and Technology Department of the Iranian President’s Office signed a memorandum of understanding with the Tehran city government laying out the framework for a program to attract the tech startups and firms that will one day form the basis of an electric-powered car industry.
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