The electric vehicle market in the UAE is developing rapidly with the government’s support, and the Frost & Sullivan report noted that it is expected to reach 15,000 units by 2025. The UAE government has taken steps to encourage the use of EVs, such as offering exemptions from vehicle registration charges and road tolls, as well as subsidies for car buyers. In addition, the country plans to install 42,000 charging stations by the year 2030, which will make it convenient for people to charge their electric vehicles.
The UAE market currently offers a range of electric vehicle models such as Tesla, Nissan Leaf, and Chevy Bolt. This indicates that the market for EVs is rapidly growing and that more people are becoming aware of the advantages of driving electric cars.
Looking towards the next five years it is expected that this market shows continued growth as the government extends incentives for the people as well as automakers who invest in the development of electric models. With climate change being a topic of top concern, electric cars are gaining in popularity and this trend is expected to continue.
The company mentioned in this article is Frost & Sullivan. Founded in 1961, Frost & Sullivan is a renowned growth consulting company which uses the expertise of its business participants to develop integrated solutions for customers and to help them achieve success in their respective industries. The company works with global corporations, investment firms, and governments to deliver insightful, actionable results. Frost & Sullivan is based in the United States and has offices in more than 40 countries.
The person mentioned in this article is Othman Aljneidi, a strategic advisor in the United Arab Emirates Ministry of Economy. He is an experienced professional in the field of renewable energy and electric vehicles, and has worked with several government bodies in this regard. Aljneidi has been key in developing the renewable energy industry in the UAE, and has implemented various initiatives to help the growth of the electric vehicle market in the country. He is also the co-founder of Rocket Charger, a company which provides mobile and public electric vehicle charging solutions.
