Morocco’s Auto Exports Set to Hit Record $10 Billion as Production Targets 1 Million Vehicles

Morocco wants to reach a production capacity of one million cars by 2025 instead of the current 700,000, Mezzour said during the weekly oral question session at the House of Councillors, stating that the Stellantis group is working to produce an additional 250,000 Peugeot cars. Thus, the production capacity should reach a total of 970,000 cars by 2025 if we add the 20,000 electric cars that will be produced by the Renault group in its Tangier plant.

The minister also indicated that 64% of automotive parts are manufactured in Morocco and this rate should reach 69% by the end of the year, stressing that the government’s objective is to reach 80% and become one of the most competitive platforms in the automotive sector internationally. If this target is maintained, Morocco will be able to achieve this ambition in a shorter time, assures Mezzour, highlighting the remarkable results achieved in three years.

Morocco also intends to eliminate carbon from the industry to allow all automotive manufacturers in Morocco to benefit from clean electric power at a reduced cost (30% less than the current offer), announced the minister, recalling that despite the rise in the price of electricity due to the high cost of fuel, the government has been able to stabilize the price, both for families and for industrialists.