The UAE is well-known for its skyscrapers, opulent hotels, and way of life. The UAE has also been a global leader in the adoption of electric cars (EVs) in recent years. The United Arab Emirates is remarkably progressing in its transport sector transformation, driven by an increasing commitment to sustainability and a reduction in carbon emissions.
According to Markntel Advisors, “Global UAE Electric Vehicle Market Size- By Vehicle Type, By Power Source, By Battery Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2028” state that the UAE EV Market is predicted to grow at a CAGR of around 28.5% during the forecast period 2023-2028.
There are now far more electric cars on the road in the United Arab Emirates. Major automakers are aggressively entering the UAE market with their electric models in order to meet the rising demand for environmentally friendly modes of mobility. The adoption of electric vehicles has been further hastened by local programmes like the Dubai Green Mobility Initiative, which promotes environmentally friendly transportation options and offers electric vehicle car-sharing services.
One Moto is an electric vehicle manufacturer in the UAE. The company provides a range of vehicles, including scooters, motorcycles, delivery and grocery vans, and electric bikes, to meet the needs of last-mile customers and urban commuters. Because of its emphasis on innovation, it is expected that this firm will dominate the market in the near future.
The UAE’s electric vehicle market is mostly dependent on electric automobiles, which are also the most popular in the nation. The industry participants concentrate on battery-powered electric cars due to the rising demand for them in the nation. EVs in carsharing have gained a lot of popularity due to the ongoing development of EV applications and promotion in all spheres of urban transportation. Since the majority of people now favour electric vehicles, they have gained tremendous traction in the UAE and will likely continue to influence the country’s automotive industry going forward.
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UAE Electric Vehicle Market Key Players:
The Key Players of the UAE Electric Vehicle Market are Renault Group, Chevrolet, Tesla, BMW AG, Nissan Motor Corporation, Hyundai Motor Company, Porsche Middle East & Africa, Ford Motor Company, Ashok Leyland, Toyota Motor Corporation, Volvo Bus Company, One Moto, Others.
UAE Electric Vehicle Market Segmentation:
The MarkNtel Advisors report on the UAE Electric Vehicle Market Analysis, identifies, and highlights the key trends and drivers that are affecting each segment. The report has further segmented the market into the following categories:
Based on Vehicle Type: Based on Vehicle Type, UAE Electric Vehicle Market is Segmented as: Two Wheelers, Passenger Vehicles, Commercial Vehicles.
Based on the Power Source: Based on the Power Source, UAE Electric Vehicle Market is Segmented as: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV).
Based on Region: The study also include data for Dubai, Al Ain & Abu Dhabi, Sharjah & Northern Emirates.
For More Information About this Report:
UAE Electric Vehicle Market Research Report
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