UAE Electric Vehicle Market Growth, Size, Share, Industry Overview, Report 2030

This comprehensive UAE Electric Vehicle Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.

According to recent market analysis report, the UAE Electric Vehicle Market size is expected to grow at a CAGR of 28.5% during the forecast period of 2024 to 2030.

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Driving Force Behind the Growth of the UAE Electric Vehicle Market through 2030

Active Government Efforts Toward Attaining Carbon Neutrality - In order to achieve carbon-zero targets and diversify the economy away from the overburdened oil & gas sector, the UAE government is taking various initiatives toward raising awareness among citizens about the benefits of electric vehicles and providing them with tax redemption or rebate. Hence, more & more people are shifting towards more automated & technologically updated electric vehicles, given the rising fuel prices and growing concerns over environmental degradation, thereby driving the UAE Electric Vehicle Market.

Market Segment Highlights:

By Vehicle Type

Passenger Vehicles
Two Wheelers
Commercial Vehicles

Commercial Vehicles are gaining traction in the UAE and boding well for the Electric Vehicle Market. It ascribes to the flourishing tourism, hospitality, & healthcare industries owing to the ever-increasing influx of migrants, pilgrims, medical tourists, etc., in the country, alongside the subsequently expanding car rental business. To handle the rising number of visitors, the government of the UAE is massively investing in infrastructural development projects associated with airport expansions, hotels, resorts, shopping complexes, hospitals, etc., i.e., infusing the demand for commercial electric vehicles in the country.

By Power Source

Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)

By Battery Type

Lithium-Ion Battery
Lithium Titanate Oxide (LTO)

By Region

Dubai
Al Ain & Abu Dhabi
Sharjah & Northern Emirates

Dubai holds the largest share of the UAE Electric Vehicle Market, and the same trend is likely during 2024-30. It owes to the active participation of the government, banks, & auto dealers through incentives, coupled with the ever-increasing environmental consciousness among people.

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UAE Electric Vehicle Market Competition Analysis:

Some of the top Electric Vehicle companies operating in the UAE market are Renault Group, Tesla, Chevrolet, BMW AG, Hyundai Motor Company, Nissan Motor Corporation, Ford Motor Company, Porsche Middle East & Africa, Toyota Motor Corporation, Ashok Leyland, Volvo Bus Company, One Moto, Others.

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Insights offered by MarkNtel Advisors comprise in-depth information on regional & country-based trends emerging in the industry. The team studies & compiles the prospects, ensuring consistency in reports.

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