United Arab Emirates Hybrid and Electric Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The United Arab Emirates Hybrid and Electric Vehicles Market is segmented by Vehicle Type ( Commercial Vehicles ) and by Fuel Type ( BEV, FCEV, HEV, PHEV )

Home right-chevron-icon Market Analysis right-chevron-icon Automotive Research right-chevron-icon Vehicles Research right-chevron-icon Zero Emission Vehicles Research right-chevron-icon Zero Emission EVs Research right-chevron-icon Battery EVs Research right-chevron-icon United Arab Emirates Hybrid and Electric Vehicles Market

UAE Hybrid & Electric Vehicles Market Size

United Arab Emirates Hybrid and Electric Vehicles Market
share button
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 1.34 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 5.19 Billion
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Largest Share by Vehicle Type Commercial Vehicles
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 31.10 %
https://s3.mordorlabs.com/passenger_vehicles/1629285650768_test~passenger_vehicles_passenger_vehicles.svg Fastest Growing by Vehicle Type Commercial Vehicles

Major Players
major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?
1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

UAE Hybrid & Electric Vehicles Market Analysis

The United Arab Emirates Hybrid and Electric Vehicles Market size is estimated at USD 1.34 billion in 2024, and is expected to reach USD 5.19 billion by 2029, growing at a CAGR of 31.10% during the forecast period (2024-2029).

  • Largest Segment by Vehicle Type - Commercial Vehicles : passenger vehicle acquires the largest sales in EV sales in the UAE, due to the increasing demand for passenger vehicles and there are very few models of other electric vehicles available in the UAE.
  • Largest Segment by Fuel Type - BEV : In 2021, 2,730 units of BEV were sold in the UAE market. Most of the OEMs in the UAE have manufactured their passenger vehicles under the BEV variant due to the increase in fossil fuel prices.
  • Fastest-growing Segment by Fuel Type - FCEV : Better fuel efficiency, and no range anxiety issues with a combination of traditional fuel and battery-powered engines are making PHEV the fastest-growing segment in electric vehicle market in UAE.
  • Largest Segment by Country - UAE : Dubai has a growing number of EVs on the road due to development in charging infrastructure gradually, making Dubia largest across UAE electric vehicle market.

UAE Hybrid & Electric Vehicles Market Trends

This section covers the major market trends shaping the UAE Hybrid & Electric Vehicles Market according to our research experts:

Commercial Vehicles is the largest segment by Vehicle Type.

  • The main aim of integrating electric cars and commercial vehicles into the UAE market is its potential contribution to increased electric vehicle adoption. Incentives offered by the government, banks, and car dealers have led to growth in the UAE’s EV imports and increased environmental awareness among citizens. In addition, the increase in prices of fossil fuels also ignited the sales of electric vehicles in the UAE market during the historic period.
  • Post-pandemic sales of electric vehicles increased due to the increase in prices of fossil fuels, such as petrol and diesel. Sales of compact SUVs in the UAE market boosted the overall EV sales in the UAE during 2021. In addition, many OEMs focused on sedans and hatchbacks due to the high demand from customers. In addition, many OEMs, such as Tesla and Toyota, offer premium SUVs with luxury features with improved mileage range attracting large customers toward electric vehicles in the UAE.
  • Many OEMs, such as Tesla, announced the launch of 200 electric vehicles in the Dubai Taxi industry to aid the government initiatives in achieving the green mobility targets by 2030. Additionally, market players are investing in innovative electric vehicle charging solutions and are upgrading the existing infrastructure to enhance convenience for drivers, which is expected to propel the growth of the UAE electric vehicle market. Furthermore, developing road infrastructure, rapid urbanization, increased expenditure capacity of consumers, and improved living standards are some of the factors expected to boost the UAE electric vehicle charging infrastructure market during the forecast period.
United Arab Emirates Hybrid and Electric Vehicles Market

UAE Hybrid & Electric Vehicles Industry Overview

The United Arab Emirates Hybrid and Electric Vehicles Market is fragmented, with the top five companies occupying 0.00%. The major players in this market are Ford Motor Company, General Motors Company, Hyundai Motor Company, Mitsubishi Fuso Truck and Bus Corporation and Toyota Motor Corporation (sorted alphabetically).

UAE Hybrid & Electric Vehicles Market Leaders

  1. Ford Motor Company

  2. General Motors Company

  3. Hyundai Motor Company

  4. Mitsubishi Fuso Truck and Bus Corporation

  5. Toyota Motor Corporation

*Disclaimer: Major Players sorted in no particular order

United Arab Emirates Hybrid and Electric Vehicles Market
bookmark Need More Details on Market Players and Competitors?
Download PDF

UAE Hybrid & Electric Vehicles Market News

  • August 2022: General Motors Middle East (GM MEO), announced the signing of a Memorandum of Understanding (MoU) with Al Wegdaniya Transport to explore electric vehicle (EV) leasing opportunities. The MoU reinforces the mutual commitment to bring electrification to all modes of transport.
  • July 2022: The agreement between ONE MOTO and RIT aims to expand the use of electric motorbikes in the last-mile delivery and logistics sectors, in line with the UAE's Net Zero 2050 strategy.
  • July 2022: Ford has announced a series of initiatives for sourcing battery capacity and raw materials that helps reach its targeted annual run rate of 600,000 electric vehicles by late 2023 and more than 2 million by the end of 2026.

UAE Hybrid & Electric Vehicles Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1. Study Assumptions & Market Definition

    2. 3.2. Scope of the Study

    3. 3.3. Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1. Population

    2. 4.2. GDP

    3. 4.3. CVP

    4. 4.4. Inflation Rate

    5. 4.5. Interest Rate For Auto Loans

    6. 4.6. Battery Price (per Kwh)

    7. 4.7. Electrification Impact

    8. 4.8. New XEV Models Announced

    9. 4.9. Charging Stations Deployment

    10. 4.10. Regulatory Framework

    11. 4.11. Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1. Vehicle Type

      1. 5.1.1. Commercial Vehicles

        1. 5.1.1.1. Buses

        2. 5.1.1.2. Heavy-duty Commercial Trucks

        3. 5.1.1.3. Light Commercial Vans

        4. 5.1.1.4. Medium-duty Commercial Trucks

    2. 5.2. Fuel Type

      1. 5.2.1. BEV

      2. 5.2.2. FCEV

      3. 5.2.3. HEV

      4. 5.2.4. PHEV

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1. Key Strategic Moves

    2. 6.2. Market Share Analysis

    3. 6.3. Company Landscape

    4. 6.4. Company Profiles

      1. 6.4.1. Audi AG

      2. 6.4.2. BMW AG

      3. 6.4.3. Ford Motor Company

      4. 6.4.4. General Motors Company

      5. 6.4.5. Hyundai Motor Company

      6. 6.4.6. Mitsubishi Fuso Truck and Bus Corporation

      7. 6.4.7. One Moto Technologies Ltd

      8. 6.4.8. Toyota Motor Corporation

      9. 6.4.9. Volkswagen AG

  7. 7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  8. 8. APPENDIX

    1. 8.1. Global Overview

      1. 8.1.1. Overview

      2. 8.1.2. Porter's Five Forces Framework

      3. 8.1.3. Global Value Chain Analysis

      4. 8.1.4. Market Dynamics (DROs)

    2. 8.2. Sources & References

    3. 8.3. List of Tables & Figures

    4. 8.4. Primary Insights

    5. 8.5. Data Pack

    6. 8.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 3:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 4:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 5:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 6:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 7:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 8:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 9:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 10:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 11:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 12:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY VEHICLE TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 13:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY VEHICLE TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 14:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2016 - 2028
  1. Figure 15:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2016 - 2028
  1. Figure 16:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 17:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 18:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 19:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 20:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY BUSES, BY VOLUME IN UNITS, 2016-2028
  1. Figure 21:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY BUSES, BY VALUE IN USD, 2016-2028
  1. Figure 22:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 23:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 24:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY HEAVY-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 25:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 26:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 27:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY LIGHT COMMERCIAL VANS, BY VALUE IN USD, 2016-2028
  1. Figure 28:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 29:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VOLUME IN UNITS, 2016-2028
  1. Figure 30:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY MEDIUM-DUTY COMMERCIAL TRUCKS, BY VALUE IN USD, 2016-2028
  1. Figure 31:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2021 - 2028
  1. Figure 32:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 33:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 34:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 35:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 36:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 37:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY BEV, BY VALUE IN USD, 2016-2028
  1. Figure 38:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028
  1. Figure 39:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 40:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
  1. Figure 41:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028
  1. Figure 42:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 43:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY HEV, BY VALUE IN USD, 2016-2028
  1. Figure 44:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028
  1. Figure 45:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 46:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
  1. Figure 47:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET MARKET, SHARE(%), BY VEHICLE TYPE, 2021 - 2028
  1. Figure 48:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 49:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 50:  
  2. UNITED ARAB EMIRATES HYBRID AND ELECTRIC VEHICLES MARKET SHARE(%), BY MAJOR PLAYERS, 2021

UAE Hybrid & Electric Vehicles Industry Segmentation

Commercial Vehicles are covered as segments by Vehicle Type. BEV, FCEV, HEV, PHEV are covered as segments by Fuel Type.
Vehicle Type
Commercial Vehicles
Buses
Heavy-duty Commercial Trucks
Light Commercial Vans
Medium-duty Commercial Trucks
Fuel Type
BEV
FCEV
HEV
PHEV
customize-icon Need A Different Region Or Segment?
Customize Now

Market Definition

  • Body Type - It includes buses, light commercial vehicles, medium& heavy-duty vehicles, medium and heavy-duty buses, trucks, M&HDT.
  • Engine Type - Hybrid and electric vehicles are vehicles that run on batteries and use one or more electric motors for propulsion. .
  • Fuel Type - Hybrid and electric vehicles include HEV, PHEV, BEV, and FCEV.
  • Sub Body Type - Under this category, buses, heavy-duty commercial trucks, light commercial pickup trucks, light commercial vans, and medium-duty commercial trucks have been included.
  • Vehicle Type - It includes passenger vehicles, commercial vehicles, and two wheelers.
bookmark Need More Details on Market Definition?
Ask a Question

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
download-icon Get More Details On Research Methodology
Download PDF
close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

WHY BUY FROM US?
card-img
01. Crisp, insightful analysis
Our focus is NOT on word count. We present only the key trends impacting the market so you don’t waste time finding a needle in the haystack.
card-img
02. True Bottom-Up Approach
We study the industry, not just the market. Our bottom-up approach ensures we have a broad and deep understanding of the forces that shape the industry.
card-img
03. Exhaustive Data
Tracking a million data points on the vehicles industry. Our constant market tracking covers over 1 million+ data points spanning 45 countries and over 150 companies just for the vehicles industry.
card-img
04. Transparency
Know where your data comes from. Most market reports today hide the sources used behind the veil of a proprietary model. We proudly present them so you can trust our information.
card-img
05. Convenience
Tables belong in spreadsheets. Like you, we also believe that spreadsheets are better suited for data evaluation. We don't clutter our reports with data tables. We provide an excel document with each report that contains all the data used to analyze the market.

UAE Hybrid & Electric Vehicles Market Research FAQs

The United Arab Emirates Hybrid and Electric Vehicles Market size is expected to reach USD 1.34 billion in 2024 and grow at a CAGR of 31.10% to reach USD 5.19 billion by 2029.

In 2024, the United Arab Emirates Hybrid and Electric Vehicles Market size is expected to reach USD 1.34 billion.

Ford Motor Company, General Motors Company, Hyundai Motor Company, Mitsubishi Fuso Truck and Bus Corporation and Toyota Motor Corporation are the major companies operating in the United Arab Emirates Hybrid and Electric Vehicles Market.

In the United Arab Emirates Hybrid and Electric Vehicles Market, the Commercial Vehicles segment accounts for the largest share by vehicle type.

In 2024, the Commercial Vehicles segment accounts for the fastest growing by vehicle type in the United Arab Emirates Hybrid and Electric Vehicles Market.

In 2023, the United Arab Emirates Hybrid and Electric Vehicles Market size was estimated at USD 880.52 million. The report covers the United Arab Emirates Hybrid and Electric Vehicles Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United Arab Emirates Hybrid and Electric Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

United Arab Emirates Hybrid and Electric Vehicles Industry Report

Statistics for the 2024 United Arab Emirates Hybrid and Electric Vehicles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United Arab Emirates Hybrid and Electric Vehicles analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

United Arab Emirates Hybrid and Electric Vehicles Report Snapshots

United Arab Emirates Hybrid and Electric Vehicles Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029