GCC Electric Vehicle Market: Growth and Development Insight - Size, Share, Growth, and Industry Analysis

How big is the GCC Electric Vehicle market?

According to MarkNtel Advisors study, The GCC Electric Vehicle Market is expected to grow at an exponential rate through 2028.

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Market Drivers: Rising Government Support to Support the Adoption of EVs

The mounting support from the governments of the member countries in the region through various initiatives programs toward curbing the prevailing environment pollution and diversifying the economic resources by reducing dependency on oil is the prime factor anticipated to drive the GCC Electric Vehicle Market in the forecast period.

Leading Companies in the GCC Electric Vehicle market:

Tesla, Inc.
One Moto
Vmoto Soco
Hyundai Motor Company
MG Motors
Bayerische Motoren Werke (BMW) AG
General Motors Company
Groupe Renault
Nissan Motor Company Ltd.
Mercedes-Benz
Porsche
Volvo Cars
Others

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GCC Electric Vehicle Market Segmentation:

By Vehicle Type

Two Wheeler
Passenger Car
Commercial Vehicle

Among these, Electric Trucks Buses are expected to observe a larger sales volume across GCC countries owing to the various government initiatives toward the electrification of public transport fleets, coupled with the growing requirements for zero-emission vehicles across e-commerce logistic sectors.

By Propulsion Type

Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)

By Battery Type

Lithium-Ion Battery
Lithium Titanate Oxide

By Capacity

Upto 40kWh
40-70 kWh
Above 70-100 kWh
Above 100 kWh

By Range

Short Range (Up to 240 km)
Mid-Range (240-400km)
Long Range (Above 400km)

Regional/ Countries Insight:

The UAE
Saudi Arabia
Qatar
Oman
Bahrain
Kuwait

Here, the popularity of EVs is more significant in the UAE, having more than 300 EV charging stations.

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About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company 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.