The UAE Electric Vehicle Market: Analysis and Forecast

UAE Electric Vehicle Market

UAE Electric Vehicle Market Insights:

According to MarkNtel Advisors, the  UAE Electric Vehicle Market is expected to grow at a CAGR of around 28.5% during the forecast period, i.e., 2023-28. Currently, the market for electric vehicles in the UAE is at a nascent stage. However, in the future, it is set to expand at a phenomenal pace owing to rising concerns over future energy savings & growing levels of greenhouse gas emissions on account of the massive consumption of fossil fuels and the ever-increasing traffic congestion.

In case you missed it, we are currently revising our reports. Click on the “request sample report” button to get the most latest research data with forecast for the years 2024 to 2029, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

UAE Electric Vehicle Market Definition:

As CO2 emissions from industries & traffic continue to severely impact the climate & the environment, Electric Vehicles (EVs) hold promise to mitigate this rapid climate change as they are carbon-neutral and do not run on fossil fuels. Worldwide, governments of various countries, including the UAE, are taking numerous initiatives toward encouraging the adoption of EVs while also providing buyers with tax rebates & redemption.

Request Sample Report –

Key Driver: 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 rebates. 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.

UAE Electric Vehicle Market Segmentation:

1. By Vehicle Type

  • Passenger Vehicles
  • Two Wheelers
  • Commercial Vehicles

2. By Power Source

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

3. By Battery Type

  • Lithium-Ion Battery
  • Lithium Titanate Oxide (LTO)

UAE Electric Vehicle Market Geographically Analysis:

-By Region

  • Dubai
  • Al Ain & Abu Dhabi
  • Sharjah & Northern Emirates

UAE Electric Vehicle Leading Companies:

  • 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

Why MarkNtel Advisors Research Reports:

  1. MarkNtel Advisors offers industry-leading studies with precise market forecast insights, providing valuable strategic guidance.
  2. Our reports have been thoroughly evaluated by numerous industry professionals, ensuring they bring tangible benefits in maximizing return on investments for organizations.
  3. Reports are meticulously crafted under the guidance of specific industry experts, encompassing vital details like recent trends, innovations, strategic plans, regional market outlooks, and more.
  4. We provide a comprehensive landscape of major market participants, incorporating detailed visual representations of data, strategic advice, and analytical tool results. This thorough market analysis empowers businesses to operate more efficiently.
  5. The report’s presentation of demand and supply dynamics offers a holistic view of the industry under study.
  6. Our study equips stakeholders with the insights needed to develop optimal business plans, facilitating accelerated market growth by aiding in understanding both present and future market restraints.

About Us

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Media Representative

Company Name: MarkNtel Advisors


Phone: +1 628 895 8081 +91 120 4268433

Previous post Ventilation Matters: Elevating the Standards of Commercial Kitchen Safety
Next post 3D Printing Powder Market, Size, Share, Growth, Outlook | Forecast (2023 – 2028) | Renub Research

Leave a Reply

Your email address will not be published. Required fields are marked *