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Saudi Arabia Electric Car Market Size & Insights

The Saudi Arabia Electric Car Market size was valued at around USD 560 million in 2024 and is projected to reach USD 2,224.88 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 25.85% during the forecast period, i.e., 2025-30. The growth of market is driven by low carbon emissions, increasing penetration of urban mobility solutions, growing investments in the development of the electric ecosystem, government support, increasing integration of AI, ML, Cloud, etc., advancements in batteries, urbanization, and others.

What are the Key Driver in the Saudi Arabia Electric Car Market??

Inclination Towards Carbon Neutrality Driving Market Growth – The investments and public-private partnerships in the electric car market have increased lately, due to the increasing government support and initiatives in the country for the electrification of the automotive sector.   

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What are the Key Segments in the Saudi Arabia Electric Car Market?

The Saudi Arabia Electric Car is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Propulsion Type

• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)
• Fuel Cell Electric Vehicle (FCEV)

By Battery Type

• Lithium-Ion Battery
• Nickel-Metal Hydride Battery
• Lead Acid Battery
• Others

Based on battery type, the Lithium-Ion Battery holds the largest market share, around 53%. 

By Range

• 0–150 km
• 151–250 km
• 251–350 km
• 351–500 km
• Above 500 km

By Charging Type

• AC Charging
• DC Fast Charging
• Wireless Charging

By Distribution Channel

• Dealerships
• Company-Owned Stores
• Online Retail
• Direct to Consumer
• Others

By End-User

• Individual
• Commercial
• Public Sector.

The public sector holds the largest market share of about 48%. 

Who are the Key Players in Saudi Arabia Electric Car Market?

• Ceer Motors
• Lucid Group, Inc.
• Tesla, Inc.
• Nissan Motor Corporation
• BMW AG
• Hyundai Motor Company & Kia
• BYD Auto
• MG Motor (SAIC)
• Volkswagen Group
• Geely Automobile Holdings (incl. Geometry, Zeekr, etc.)

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Saudi Arabia Electric Car Market News

• 2025: Nissan Motor Corporation launched the third-generation Nissan Leaf, redesigned as a compact crossover SUV. Equipped with a 75 kWh battery, it delivers an estimated range of up to 303 miles, aiming to reinvigorate Nissan’s EV momentum in global markets amid intensifying competition and evolving consumer preferences

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• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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