GCC Electric Vehicle Market Analysis, Size, Share, Growth, Trends and Outlook 2028 |
GCC Electric Vehicle Market is predicted to grow at an exponential rate through 2028, says MarkNtel Advisors in their research report. The prime factor influencing the market growth is the member countries investing substantially in the infrastructure for the bulk production of Electric Vehicles (EVs) & their charging stations around the region. Besides, the increased focus of these countries on renewable energy and clean transportation technologies, coupled with the implementation of economic & energy diversification plans, shall also boost the market size in the coming years. Moreover, the introduction of several policies by Qatar & UAE to promote sustainable transportation through Green Mobility and reduce the carbon footprints is another crucial aspect expected to augment the market growth during 2023-28, further states the research report, “GCC Electric Vehicle Market Analysis, 2023.” “In case you missed it, we are currently revising our reports. Click on the below to get the most latest research data with forecasts for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.” Download Sample PDF Copy of this Report: – https://www.marknteladvisors.com/query/request-sample/gcc-electric-vehicle-market.html GCC Electric Vehicle Market Segmentation Analysis:
Increased Focus on Electrification of Public Infrastructure Projected to Fuel the Demand for Commercial EVsCommercial Electric Vehicles are expecting more demand & sales across GCC countries during 2023-28 owing to the increased emphasis of the government of member countries on the electrification of public transportation. In Qatar, the Ministry of Transportation & Communication (MOTC) is actively coordinating with various government entities & private companies to install EV charging stations and provide no-cost charging facilities, respectively, at locations specified by the ministry. Furthermore, the country is also planning to transform its entire public transportation infrastructure by introducing environmentally-friendly vehicles and making 25% of its public transportation to electric energy by 2022 and 100%, by 2030 in line with QPTP (Qatar Public Transportation Plan). Various Green Mobility Initiatives to Encourage EV Adoption Across UAE During 2023-28UAE, with more than 300 EV charging stations, is witnessing a rapid inclination of consumers toward EVs, owing to the various incentives offered by banks, auto dealers, and the government to EV buyers. To encourage EV adoption, Dubai Electricity & Water Authority (DEWA) has set a flat tariff of 29 Fils a kilowatt-hour (kWh) for EV charging at their charging stations. The same is free till 31st December 2023, only for non-commercial EV owners registered under EV Green Charger Initiative. Moreover, various government initiatives toward reducing oil dependency, diversifying economic resources, encouraging Green Mobility, and, in turn, reducing carbon footprints would further augment EV sales in the country during 2023-28, reveals MarkNtel Advisors in their research report, “GCC Electric Vehicle Market Analysis, 2023.” Explore the Full Report with Charts, Table of Contents, and List of Figures – https://www.marknteladvisors.com/research-library/gcc-electric-vehicle-market.html Key Market Competitors:According to MarkNtel Advisors, the leading players in the GCC Electric Vehicle Market are Tesla, Inc., Nissan Motor Company, Ltd., Hyundai Motor Company, Volkswagen Motor Company LTM, General Motors Company, Groupe Renault. Key Questions Answered in the Study
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