Oman Electric Vehicle (EV) Market Size and Share
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 0.66 Billion |
| Market Size (2030) | USD 2.42 Billion |
| CAGR (2025 - 2030) | 29.60% |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Oman Electric Vehicle (EV) Market Analysis by Mordor Intelligence
The Oman Electric Vehicle Market size is estimated at USD 0.66 billion in 2025, and is expected to reach USD 2.42 billion by 2030, at a CAGR of 29.6% during the forecast period (2025-2030).
Over the medium term, Oman's government is actively promoting the adoption of electric vehicles (EVs) through enhanced incentives and supportive policies. By providing financial benefits and advancing infrastructure development, the government aims to motivate a larger segment of consumers to opt for electric vehicles.
Consequently, the electric vehicle market in Oman is poised for substantial growth during the forecast period. This transition mirrors global movements towards sustainability and eco-friendly transportation, simultaneously establishing Oman as a forward-thinking participant in clean energy and environmental stewardship.
The countries push for zero-emission transportation, rental agencies are increasingly adopting electric vehicles (EVs) into their fleets. This move not only supports global sustainability goals but also appeals to eco-conscious consumers seeking greener travel options. With advancements in battery technology and infrastructure, the adoption of electric vehicles is set to surge, enriching the rental experience and bolstering national efforts for cleaner air and a smaller carbon footprint. Consequently, this trend is anticipated to fuel significant market growth in the coming years.
Oman Electric Vehicle (EV) Market Trends and Insights
Passenger Car Hold Major Market Share
Passenger cars dominate Oman's roads, playing a pivotal role in the country's drive towards electric vehicle (EV) adoption. With rising awareness of environmental sustainability, an increasing number of consumers are acknowledging the substantial ecological benefits of electric vehicles. Beyond just curbing greenhouse gas emissions, EVs enhance air quality, a factor gaining prominence among drivers.
Financial incentives play a pivotal role in the rising interest in electric vehicles (EVs) in Oman. Consumers are drawn to the allure of reduced fuel costs, given that electricity often comes at a lower price point than gasoline.
Furthermore, Electric vehicles boast significantly reduced maintenance costs, thanks to fewer moving parts and the absence of oil changes. This blend of environmental advantages and potential economic benefits is positioning EVs as a compelling alternative to traditional gasoline-powered cars. As this momentum builds, Oman’s automotive landscape is poised for a transformation, steering it towards more sustainable transportation solutions.
The government of the country is heavily investing in electric vehicle charging infrastructure. This encompasses direct funding for public charging stations and indirect backing via subsidies for private home and workplace charging stations. Such initiatives seek to boost electric vehicle adoption and diminish dependence on conventional fossil fuel-powered vehicles.
Oman is prioritizing the enhancement of its electric vehicle infrastructure, viewing it as pivotal to the shift towards sustainable transportation. The country's efforts include bolstering the number of charging stations, enhancing grid connectivity, and promoting the integration of renewable energy.
Consequently, the electric vehicle market is set for considerable growth in the coming years, fueled by rising consumer adoption and an expanded network of charging facilities. Furthermore, with government incentives and technological strides at play, the electric vehicle landscape in Oman is on the brink of notable evolution and innovation. For instance,
- In September 2024, In a bid to accelerate electric vehicle (EV) adoption in Oman, Zerova Technologies, an EV charger manufacturer, has teamed up with Muscat Gas, a liquid petroleum gas firm headquartered in Muscat. This collaboration positions Muscat Gas to emerge as the foremost provider of EV chargers in the Sultanate.
With the above-mentioned development across the country, the demand for electric passenger cars is likely to grow in the coming years.
Hybrid Electric Vehicle Witnessing Major Growth
Hybrid Electric Vehicles (HEVs) are emerging as a dominant force in Oman's expanding electric vehicle (EV) landscape. Several pivotal factors drive this momentum. HEVs stand out for their remarkable range and fuel efficiency, addressing concerns some consumers have about the constraints of fully electric vehicles. Moreover, as awareness grows, more consumers are embracing HEVs, recognizing their environmental advantages and potential cost savings.
Moreover, the Oman government is actively championing the shift towards greener transportation. Through various initiatives and incentives, they're bolstering the adoption of hybrid and electric vehicles. This confluence of technological progress, evolving consumer preferences, and forward-thinking government policies are positioning HEVs as the preferred choice for both personal and commercial transport in the region.
Hybrid Electric Vehicles integrate an internal combustion engine (ICE) with an electric motor and battery pack. This combination results in enhanced fuel efficiency over conventional gasoline-powered vehicles. In Oman, the vast distances between cities, coupled with sparse charging infrastructure, present hurdles for fully electric vehicles (EVs). In this context, HEVs emerge as a pragmatic choice, delivering an extended range and minimizing the frequency of refueling stops.
Moreover, the Omani government is actively promoting sustainable transportation and aiming to cut down carbon emissions. One of their strategies includes offering incentives and subsidies for hybrid electric vehicles (HEVs). These financial incentives not only make HEVs more budget-friendly but also enhance their appeal to consumers, significantly boosting their adoption and solidifying their market leadership in Oman.
The Ministry of Transport, Communications, and Information Technology (MTCIT) in Oman is actively promoting electric vehicle adoption by offering a suite of incentives. These include a complete 100% exemption from customs tax, waiving registration fees at the Royal Oman Police (ROP), and a zero percent VAT on both vehicles and their spare parts.
The government of the country is making significant investments in green technology and transportation infrastructure. This strategic focus is expected to drive substantial growth in the market throughout the forecast period, as innovations in sustainable practices and eco-friendly transport options gain traction nationwide.
With the above-mentioned development across the country, the demand for hybrid electric vehicle is likley to grow in the coming years.
Competitive Landscape
Oman's Electric Vehicle Market is dominated by several key players such as Tesla Inc., AB Volvo, Toyota Motor Corporation, Volkswagen AG, and others. The rapid expansion of electric vehicle manufacturers across the country is likely to witness major growth for the market in the coming years. For instance,
- In March 2024, Bahwan Automobiles and Trading LLC (BAT) forged a partnership with India's JBM Electric Vehicles (P) Ltd., unveiling a fresh lineup of electric buses for Oman. The deal was inked at the MENA Transport Congress & Exhibition 2024 held in Dubai. This collaboration signifies BAT's strategic foray into the electric vehicle (EV) landscape while also marking JBM's debut in the Middle Eastern market.
- In February 2024, VinFast Auto inked a dealer sales agreement with Bahwan Automobiles Trading LLC (BAT) to distribute electric vehicles in Oman. This marks VinFast's debut in the Middle East and underscores its global expansion strategy. According to the agreement, from 2024 to 2027, BAT is set to launch and manage 13 VinFast stores and service centers, with the first store slated to open in mid-2024. Furthermore, VinFast and BAT will jointly market four e-SUV models: VF 6, VF 7, VF 8, and VF 9, following their market introduction.
Oman Electric Vehicle (EV) Industry Leaders
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Toyota Motor Corporation
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Mercedes-Benz Group AG
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AB Volvo
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Volkswagen AG
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Tesla Inc.
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- November 2024: Mercedes-Benz Group AG unveiled its latest all-electric lineup in Oman, featuring models such as the EQA, EQB, EQE Sedan, EQE SUV, EQS Sedan, EQS SUV, and the newly introduced Mercedes-Benz G 580 equipped with EQ Technology.
- March 2024: In March 2024, Oman unveiled its ambitious entry into the automotive realm, spotlighting electric vehicles (EVs) as the country's domestic car manufacturer, Mays, takes center stage. Mays is on track to roll out its inaugural model, the Alive 1, with a price tag of USD 38,964, aiming for a year-end launch.
Oman Electric Vehicle (EV) Market Report Scope
Electric vehicles (EVs) are powered by electricity, in contrast to traditional vehicles that rely on fossil fuel. Rather than utilizing internal combustion engines, EVs operate on electric motors, drawing energy from batteries. EVs can be categorized into three types: battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs).
Oman Electric Vehicle Market is segmented by vehicle type and propulsion. By vehicle type, the market is segmented by passenger cars and commercial vehicles. By Propulsion, battery electric vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. For each segment, the market sizing and forecast have been done based on the value (USD).
| Passenger Car |
| Commercial Vehicle |
| Battery Electric Vehicle |
| Hybrid Electric Vehicles |
| Plug-in Hybrid Electric Vehicles |
| Fuel Cell Electric Vehicles |
| By Vehicle Type | Passenger Car |
| Commercial Vehicle | |
| By Propulsion | Battery Electric Vehicle |
| Hybrid Electric Vehicles | |
| Plug-in Hybrid Electric Vehicles | |
| Fuel Cell Electric Vehicles |
Key Questions Answered in the Report
How big is the Oman Electric Vehicle Market?
The Oman Electric Vehicle Market size is expected to reach USD 0.66 billion in 2025 and grow at a CAGR of 29.60% to reach USD 2.42 billion by 2030.
What is the current Oman Electric Vehicle Market size?
In 2025, the Oman Electric Vehicle Market size is expected to reach USD 0.66 billion.
Who are the key players in Oman Electric Vehicle Market?
Toyota Motor Corporation, Mercedes-Benz Group AG, AB Volvo, Volkswagen AG and Tesla Inc. are the major companies operating in the Oman Electric Vehicle Market.
What years does this Oman Electric Vehicle Market cover, and what was the market size in 2024?
In 2024, the Oman Electric Vehicle Market size was estimated at USD 0.46 billion. The report covers the Oman Electric Vehicle Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Oman Electric Vehicle Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Oman Electric Vehicle (EV) Market Report
Statistics for the 2025 Oman Electric Vehicle (EV) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Oman Electric Vehicle (EV) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
