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Written by Rahul Singh » Updated on: February 06th, 2025
Electric Vehicles Market in GCC 2025:
How Big is the GCC Electric Vehicles Industry?
The GCC electric vehicles market size reached 40.3 Thousand Units in 2024. Looking forward, IMARC Group expects the market to reach 97.3 Thousand Units by 2033, exhibiting a growth rate (CAGR) of 9.3% during 2025-2033.
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: 40.3 Thousand Units
Market Size in 2033: 97.3 Thousand Units
Market Growth Rate (CAGR) 2025-2033: 9.3%
GCC Electric Vehicles Market Trends and Drivers:
The reality in energy policy, foreign policy, response to the growing influence of carbon reduction, foreign policy and response to the expanding ranks of employed people, etc. are the social factors at play that have influenced the evolution of the GCC electric vehicle (EV) market. The current government and affiliated organizations also have been pushing for the adoption of EVs; in other words, the government has push for the facilitation on users to the EV adoption. This can be seen in terms of the financial support on the purchase of the EV (such as tax incentives for the purchase of EVs, including partial grant-type grant credits, grant funding of the charging for EVs by users for the EV charging station, and reduced registration fees for EVs to name a few). Because of its potential as one of the growth enablers of EV (electr. In addition, because of the rising customer demands for environmental consciousness and the ever-rising gasoline price, this is a good time. In parallel, a market facilitation-based riding on the back of an electric vehicle market is also attracting the riding on the back of an electric vehicle market1-market based on selling goods and services big public promotion of PV and wind energy production, through PV solar/wind hybrid electricity generation.
As a consequence of accelerating technological diffusion, the GCC electric vehicle market is growing along with their battery energy storage and related devices even as some professionals are looking toward implementation of ordered cost caps and the outcomes will result in a mixed bag of luxury vehicles. For example, now, or perhaps tomorrow, electric versions of the traditional luxury vehicles of the rich stratum of society are being introduced, such as the electric version of electric SUVs and supercars. On the other hand, electric special public transport (electric bus, car) seems to play a slight but important part in the fight against the urbanization pollution and the development of green transport of the same kind of market. As well as parallelization that intermunicipal and (T) interdepartmental reciprocal cooperation between the public and industrial sectors stimulates innovation.
GCC Electric Vehicles Market Report Segmentation:
The report has segmented the market into the following categories:
By Component:
By Charging Type:
By Propulsion Type:
By Vehicle Type:
By Country:
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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