According to a recent study, the public’s interest in electric vehicles (EVs) is growing over the last four years. And in the UAE, almost 30% of citizens want to purchase an EV to support the nation’s environmental policy. This is because, according to locals, fuel-powered vehicles may be more expensive in the long term than electric ones. The strong EV market lends further weight to this notion.
UAE Ranks No 8 For Readiness To Switch To Electric Vehicles
Governments in the Middle East are becoming more open to using EV technology on the roadways, with the UAE leading the region in terms of preparedness. The goal is to improve public understanding of the entire range and potential of e-mobility via the Global Electric Mobility Readiness Index (Gemrix). Additionally, assist automobile organisations by gaining information on how prepared markets are for e-mobility.
Between 2022 and 2028, the UAE’s electric vehicle (EV) industry will expand at a 30% compound annual growth rate (CAGR). According to ADL’s Gemrix 2022, the usage of electric vehicles (EVs) is increasing dramatically globally.
Governments across the Middle East are rushing the development of EV technology. However, the UAE is among the top 10 nations in the world for its level of EV preparedness.
M Glory Group laid the foundation stone for the UAE’s first industrial facility to manufacture electric vehicles (EV) at #Dubai Industrial City, one of the largest industrial hubs in the region, and worth an investment of AED1.5 billion. pic.twitter.com/Z0x54Icckk
— Dubai Media Office (@DXBMediaOffice) March 28, 2022
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EV Market In United Arab Emirates
The UAE EV industry is presently in its early phases. And between 2022 and 2028, it will develop at a CAGR of 30%. However, because of the rise in rental car services and the constrained use of commercial vehicles in logistics and transportation, about 95% of the country’s electric vehicle industry is made up of passenger cars.
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The government is encouraging using EVs all over the country as part of UAE Vision 2021. By 2030, it hopes to have 42,000 EVs on the roads, having already converted 20% of government agency vehicles to electric vehicles.
The UAE also boasts one of the highest ratios of charging stations to electric vehicles worldwide. To boost the number of charging stations, Dubai established the EV Green Charger project in 2015. As a result, there are reportedly 325 charging stations throughout the nation. So, are you also planning to switch to electric vehicles in the future?
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