Market Trends of united arab emirates hybrid and electric vehicles Industry
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.
Understand The Key Trends Shaping This Market
Download Sample
