Middle East and Africa Automotive Electric Vehicle Market Share

Market Share of Middle East and Africa Automotive Electric Vehicle Industry

The Middle East and African electric vehicle market is dominated by a few players, such as Tesla Motors Inc., Volkswagen AG, Toyota Motor Corporation, Nissan Motor Co. Ltd, and Geely. With the growing demand for electric vehicles in the region, major players in the market form partnerships, joint ventures, and acquisitions. For instance,

• In March 2022, M Glory Holding Group, a Dubai-based company opened an electric vehicle manufacturing plant in Dubai. Through this expansion, the company extended its production capacity to around 55,000 electric vehicles per year.
• In June 2021, Toyota Motor Corporation announced the launch of a new assembly plant in Ghana. The company announced an investment of USD 7 million in the new plant with an annual production capacity of around 1,330 units.

Middle East Electric Vehicles Market Leaders

1. Volkswagen AG

2. Nissan Motor Co. Ltd

3. Hyundai Motor Company

4. BMW AG

5. Tesla Inc.

*Disclaimer: Major Players sorted in no particular order