Realist: news and analytics

Русский/English/العربية

  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts
No Result
View All Result
Realist: news and analytics
  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts
No Result
View All Result
Realist: news and analytics

The number of electric vehicles is growing in the Persian Gulf countries

Saudi Arabia is aiming for at least 30% of electric-powered cars by 2030, following its promise to achieve zero carbon emissions by 2060.

   
May 2, 2022, 06:27
Business & Energy
Consumers in the GCC region are drawn to electric vehicles for their advanced engineering, but obstacles remain experts warn

Consumers in the GCC region are drawn to electric vehicles for their advanced engineering, but obstacles remain experts warn

RIYADH (Realist English). In the Middle East, interest in environmentally friendly alternatives to automobiles with an internal combustion engine is slowly growing. Car manufacturers are striving to bring more models of electric vehicles to the market every year, according to the Saudi edition of Arab News.

Saudi Arabia aims for at least 30 percent of its cars to be electric powered by 2030, following its pledge to reach net zero carbon emissions by 2060.

Last year, EV manufacturer Lucid announced a long-term plan to build the first international manufacturing plant in Saudi Arabia, targeting 150,000 vehicles per year at the King Abdullah Economic City.

Meanwhile, the UAE is pushing for 42,000 EVs to be on its streets within the next decade. To meet the rise in demand for green mobility, the UAE opened its first electric vehicle manufacturing facility in Dubai Industrial City last month, built at a total cost of $408 million. The facility is expected to produce 55,000 cars per year.

There is strong competition for a share of the GCC region’s EV market, with brands such as Tesla leading the charge and others including BMW, Audi and Mercedes-Benz in close pursuit.

Growing by leaps and bounds over the past decade, the global EV market was valued at $370.86 billion in 2021, and it is expected to reach over $1.2 trillion by 2027.

Additionally, global sales of EVs have more than doubled to $6.6 million in 2021, according to the International Energy Agency, with green mobility making up 9 percent market share of the global car industry. This is more than double the share it commanded in 2020 and triple of what it had in 2019.

Energy TransitionMiddle EastSaudi ArabiaTechnology
Previous Post

The Director of the SVR told about Poland’s plans for the partition of Ukraine

Next Post

Latin America faces high economic risks due to the crisis in the Ukraine

Related Posts

Trump’s 30% tariffs ignite EU backlash and threaten trade war escalation
Business & Energy

Trump’s 30% tariffs ignite EU backlash and threaten trade war escalation

13 July, 2025
U.K. economy shrinks again in May amid U.S. tariffs and business uncertainty
Business & Energy

U.K. economy shrinks again in May amid U.S. tariffs and business uncertainty

11 July, 2025
Nvidia briefly hits $4tn market cap, leading AI-driven tech rally
Business & Energy

Nvidia briefly hits $4tn market cap, leading AI-driven tech rally

10 July, 2025
FBI launches criminal investigation into former CIA and FBI chiefs over 2016 Russia probe
Business & Energy

EU closes in on Trump trade deal as UK secures better terms

9 July, 2025
Samsung profits plunge 56% amid Nvidia delays and US chip restrictions
Business & Energy

Samsung profits plunge 56% amid Nvidia delays and US chip restrictions

8 July, 2025
Software, speed, and code: FY2026 budget reveals how the Pentagon plans to fight tomorrow’s wars
Business & Energy

Trump threatens 10% tariffs on nations aligning with BRICS

7 July, 2025
Most Popular
Most Popular
Gen X poised for major inheritance boom amid record baby boomer wealth transfers

Gen X poised for major inheritance boom amid record baby boomer wealth transfers

13 July, 2025

WASHINGTON (Realist English). Members of Generation X — those currently aged 45 to 60 — are expected to benefit from...

Trump’s 30% tariffs ignite EU backlash and threaten trade war escalation

Erdoğan hails ‘new page in history’ as Kurdish militants begin disarmament

13 July, 2025

ANKARA (Realist English). Turkey’s President Recep Tayyip Erdoğan declared the beginning of a new era as militants from the outlawed...

FBI launches criminal investigation into former CIA and FBI chiefs over 2016 Russia probe

FBI launches criminal investigation into former CIA and FBI chiefs over 2016 Russia probe

9 July, 2025

WASHINGTON (Realist English). The Federal Bureau of Investigation has opened criminal investigations into former CIA Director John Brennan and former...

Roman Starovoit

Roman Starovoit and the collapse of a technocratic glossy dream

8 July, 2025

MOSCOW (Realist English). I can’t stop thinking about the story of Roman Starovoit. If you think about it, the former...

Opinion

Roman Starovoit

Roman Starovoit and the collapse of a technocratic glossy dream

8 July, 2025

MOSCOW (Realist English). I can’t stop thinking about the story of Roman Starovoit. If you think about it, the former...

Bezos’s Venetian wedding: a manifesto of new feudalism

Bezos’s Venetian wedding: a manifesto of new feudalism

30 June, 2025

VENICE (Realist English). When Jeff Bezos rents half of Venice for a $50 million wedding, it is more than the...

Not Mossad’s strength — but Iran’s weakness

Not Mossad’s strength — but Iran’s weakness

16 June, 2025

TBILISI (Realist English). The recent targeted assassinations of senior IRGC commanders and high-ranking Iranian officers are not simply the triumph...

The Church belongs to Christ, not to politicians: The Armenian Apostolic Church becomes a casualty of Yerevan’s political agony

The Church belongs to Christ, not to politicians: The Armenian Apostolic Church becomes a casualty of Yerevan’s political agony

12 June, 2025

YEREVAN (Realist English). First, they handed over part of the Holy Land to the Baku fascists, betraying the Armenians of...

All rights reserved.

© 2017-2025

  • About Us
  • Mission and Values
  • Contact Us
  • Privacy Policy

Follow Realist English

No Result
View All Result
  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts

Русский/English/العربية