MarkNtel Advisors recently published a detailed industry analysis of the UAE Electric Vehicle Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

UAE Electric Vehicle Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The UAE Electric Vehicle Market is expected to grow at a CAGR of around 28.5% during the forecast period, i.e., 2024-30. Currently, the market for electric vehicles in the UAE is at nascent stage.

Key Findings in UAE Electric Vehicle Market:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2030

Leading Market Players- 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

What are the major Driver the UAE Electric Vehicle Market?

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.

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, 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:- https://www.marknteladvisors.com/query/request-sample/uae-electric-vehicle-market.html

What segments define the UAE Electric Vehicle Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

By Vehicle Type

Passenger Vehicles

Two Wheelers

Commercial Vehicles

According to report, Commercial Vehicles are gaining traction in the UAE and boding well for the Electric Vehicle Market.

By Power Source

Battery Electric Vehicle (BEV)

Plug-In Hybrid Electric Vehicle (PHEV)

Hybrid Electric Vehicle (HEV)

According to report, Hybrid Electric Vehicles (HEVs) are anticipated to witness significantly growing demand in the UAE over the coming years, principally due to more power, enhanced fuel efficiency, reduced emissions, and the excellent backup provided by them, which, in turn, enables long-distance driving with relatively less battery degradation.

By Battery Type

Lithium-Ion Battery

Lithium Titanate Oxide (LTO)

Explore the Complete UAE Electric Vehicle Market Analysis Report – https://www.marknteladvisors.com/research-library/uae-electric-vehicle-market.html

Geographical Analysis: UAE Electric Vehicle Market

 By Region

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

UAE Electric Vehicle Market Recent Development:

•  In July 2022, the RIT (Rochester Institute of Technology) Dubai signed an agreement with ONE MOTO to expand the use of electric motorbikes in the last-mile delivery & logistics sectors, in line with the UAE’s Net Zero 2050 strategy.
• In March 2022, M Glory Holding Group opened a new USD408 million electric vehicle manufacturing unit in Dubai with an aim to produce 55,000 EVs a year in view of the dramatically rising demand for green mobility in the emirate.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the UAE Electric Vehicle Market?
• How is the UAE Electric Vehicle Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/uae-electric-vehicle-market.html

Why MarkNtel Advisors?

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 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.

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