Morocco accelerates electric vehicle production while raising corporate tax rates

Morocco is intensifying its push into the electric‑vehicle (EV) sector, aiming for a production capacity of one million cars a year by 2030. The country produced over 560,000 vehicles in 2024 and expects EV and hybrid output to exceed 150,000 units by 2026. Two industrial hubs are being developed: the Tangier‑Kenitra corridor for assembly plants and the Casablanca‑Jorf Lasfar area for batteries, electronic components and other high‑value parts. Over 90 % of automotive output is exported, mainly to the European Union, with Spain alone accounting for about 20 % of those exports. The sector generated roughly €15 billion in revenue by the end of 2024, representing about a third of Morocco’s total exports.

A July 2026 OECD report shows that Morocco’s statutory corporate‑tax ceiling has risen to 35 %, placing it second globally after France. The tax system now includes a standard 20 % rate, a 35 % rate for firms with net profits above 100 million dirhams, and a 40 % rate for banks and insurers. Companies designated as part of the Casablanca Finance City or located in industrial acceleration zones remain subject to the lower 20 % rate, creating a dual‑rate structure that benefits specific sectors while higher rates apply to most large corporations.