Article -> Article Details
| Title | Saudi Arabia Electric Car Market Share, Size & Competitive Landscape Report 2030 |
|---|---|
| Category | Business --> Business Services |
| Meta Keywords | Saudi Arabia Electric Car Market, Saudi Arabia Electric Car Market Size, Saudi Arabia Electric Car Market Trend, Saudi Arabia Electric Car Market Share, Saudi Arabia Electric Car Market Growth Report. |
| Owner | MarkNtel |
| Description | |
Future Saudi Arabia Electric Car Market: Key Dynamics, Size & Share AnalysisThe 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. Top Market Challenges Impacting the Saudi Arabia Electric Car Market GrowthLimited Infrastructure Support Impeding Market Growth – The government is supporting the development of the charging infrastructure to establish functional charging points of more than 5,000 by 2030; however, in 2025, only 101 charging points were established, mainly for electric cars. The limited charging support severely impacts long-distance travelling and daily electric car users outside Riyadh, Jeddah, and Dammam, as they lack charging points. For instance, the Riyadh-Makkah route, spanning around 900km, lacks the charging infrastructure, discouraging long-distance travel via electric cars in the country, thus deterring the rate of adoption. Unlock exclusive insights into the Saudi Arabia Electric Car– request your free sample PDF now and explore key trends, growth drivers, and competitive strategies shaping the industry- https://www.marknteladvisors.com/query/request-sample/electric-car-market-saudi-arabia.html Understanding the Core Segments in the Saudi Arabia Electric Car MarketSaudi Arabia Electric Car Market Size, Share & Industry Trends Analysis- 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), 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) and Others. Who Dominates the Saudi Arabia Electric Car Market Insights on Key Industry Players?Companies are strengthening their presence in the Saudi Arabia Electric Car market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
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