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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.
Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.
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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.
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