Worldwide, electric mobility is gaining attention. People embrace it as it is an eco-friendly travelling mode that plays a crucial part in dealing the climate change. A recent study says that UAE ranks eighth globally in terms of readiness for the electric mobility market. The study organised by the management consultancy firm Arthur D. Little (ADL) says that this change happened “both within companies and across societies.”
Across the Middle East, governments adopt EV technology. The UAE aims to be carbon neutral by 2050. Saudi Arabia is vowed to be carbon neutral by 2060. About 30 per cent of vehicles in Riyadh will go electric by 2030.
The EV market in UAE is in its early stages. It is estimated that, between 2022 and 2028, UAE’s EV market would grow at a Compound Annual Growth Rate (CAGR) of 30 per cent. Passenger vehicles comprise about 95 per cent of the EV market. About 20 per cent of government agency cars have been converted to EVs. The UAE has one of the world’s biggest charging stations-to-vehicle-ratios in the world. In 2015, Dubai launched the EV Green Charger initiative. Currently, there are 325 charging stations in the country.
Free parking, exemption from tolls, and reduced registration fees have been introduced to encourage EV adoption. About 30 per cent of UAE residents believe in green transition and hence would buy EVs. Those who belong to the age between 20 and 25 are its youngest adopters. They are influenced by environmental factors. Moreover, investments are being made to reduce the charging time of electric vehicles.
