The Middle East electric vehicle market is expected to register significant growth over the coming years. Although oil constitutes a major source of national revenue and domestic fuel of several Middle Eastern countries, the respective governments are focusing on renewable energy and clean transportation technologies along with the implementation of economic and energy diversification plans. Moreover, favorable government policies, incentives, and lucrative offers to promote the adoption of electric vehicles are certain factors, which would drive the market growth significantly over the coming years in the region.
According to this research, the Middle East Electric Vehicle Market size is anticipated to register growth during 2020-2026. In the Middle East region, countries such as Saudi Arabia and UAE are becoming early adopters of electric vehicles. The Saudi Arabian Standards Organization (SASO) has plans to issue regulation for the use of electric vehicles. In UAE, the Road Transport Authority (RTA) has issued advisory and working for the development of efficient charging stations in the country. The government efforts are encouraging the usage of green energy and the promotion of electric vehicles by providing incentives to the consumer, which would propel the growth of the electric vehicle market in the Middle East. However, the growth is anticipated to slow down during the first half of 2020-2021 due to coronavirus pandemic but likely to get back on track with normal business operations and economic recovery during the second half of 2020-2021.
In the Middle East, the passenger vehicle segment share is expected to dominate the overall electric vehicle market during the forecast period. Also, there has been a significant increase in the demand for electric two-wheelers in the past few years across several Middle Eastern countries owing to factors such as cost efficiency and wider usage and the two-wheeler segment is expected to grow further at a healthy pace over the coming years.
The Middle East electric vehicle market report comprehensively covers the market by vehicle types and countries including Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain, Turkey, and the rest of the Middle East. The Middle East electric vehicle market outlook provides an unbiased and detailed analysis of the Middle East Electric vehicle market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Middle East Electric Vehicle Market Overview
- Middle East Electric Vehicle Market Outlook
- Middle East Electric Vehicle Market Forecast
- Historical Data of Middle East Electric Vehicle Market Revenues for the Period 2016-2019
- Middle East Electric Vehicle Market Size and Middle East Electric Vehicle Market Forecast Until 2026
- Historical Data and Forecast of Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain, and Turkey Electric Vehicle Market Revenues for the period, 2016-2026
- Historical Data and Forecast of Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain, and Turkey Electric Vehicle Market Revenues, By Vehicle Types, for the period 2016-2026
- Market Drivers and Restraints
- Middle East Electric Vehicle Market Trends
- Middle East Electric Vehicle Industry Life Cycle
- Porter’s Five Force Analysis
- Middle East Electric Vehicle Market Opportunity Assessment
- Middle East Electric Vehicle Market Revenue Share, By Company
- Middle East Electric Vehicle Market Revenue Share, By Country
- Middle East Electric Vehicle Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Middle East electric vehicle market report provides a detailed analysis of the following market segments:
By Vehicle Types
- Passenger Vehicle
- Two-Wheelers
- Bus
- Truck
By Countries
- Saudi Arabia
- United Arab Emirates
- Qatar
- Oman
- Kuwait
- Bahrain
- Turkey
- Rest of Middle East
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Table of Contents
1. Executive Summary
