LSE: Morocco is an EV & green hydrogen tech leader

A recent report by the London School of Economics (LSE) describes Morocco car industry has having grown into a leading player in electric vehicle (EV) and green hydrogen technology. The LSE report highlights Morocco’s automotive journey dating back in 1959 with SOMACA, a company that began assembling cars with imported parts from Italy and France to its emergence today as a major hub for multinational companies making cars for Europe. The LSE explained that Morocco’s integration-compensation law and targeted free trade agreements had attracted major companies such as Renault-Nissan, PSA (Stellantis), and more recently China’s BYD, a leading EV car maker. The report also underlined how Morocco is looking to “build a decarbonized transportation value chain to future proof production.”