
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), UAE Electric Vehicle Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
UAE Electric Vehicle Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, UAE Electric Vehicle Market is expected to grow at a CAGR of around 28.5% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in UAE Electric Vehicle Market Segmentation?
The report has segmented the market into the following categories:
By Vehicle Type
– Passenger Vehicles
– Two Wheelers
– Commercial Vehicles
Commercial Vehicles are gaining traction in the UAE and boding well for the Electric Vehicle Market. It ascribes to the flourishing tourism, hospitality, & healthcare industries owing to the ever-increasing influx of migrants, pilgrims, medical tourists, etc.,
By Power Source
– Battery Electric Vehicle (BEV)
– Plug-In Hybrid Electric Vehicle (PHEV)
– Hybrid Electric Vehicle (HEV)
By Battery Type
– Lithium-Ion Battery
– Lithium Titanate Oxide (LTO)
By Region
– Dubai
– Al Ain & Abu Dhabi
– Sharjah & Northern Emirates
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Key Factor Driver UAE Electric Vehicle Industry Growth by 2030
Active Government Efforts Toward Attaining Carbon Neutrality – In order to achieve carbon-zero targets and diversify the economy away from the overburdened oil & gas sector, the UAE government is taking various initiatives toward raising awareness among citizens about the benefits of electric vehicles and providing them with tax redemption or rebate. Hence, more & more people are shifting towards more automated & technologically updated electric vehicles, given the rising fuel prices and growing concerns over environmental degradation, thereby driving the UAE Electric Vehicle Market.
Who are the Key Players Operating in the UAE Electric Vehicle Industry?
The top companies of the UAE Electric Vehicle market ruling the industry are:
- Renault Group
- Tesla
- Chevrolet
- BMW AG
- Hyundai Motor Company
- Nissan Motor Corporation
- Ford Motor Company
- Porsche Middle East & Africa
- Toyota Motor Corporation
- Ashok Leyland
- Volvo Bus Company
- One Moto
- Others
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the UAE Electric Vehicle Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the UAE Electric Vehicle industry?
- Which is the Leading segment in the market?
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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