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Study Period | 2020 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 3.83 Billion |
Market Size (2030) | USD 9.53 Billion |
CAGR (2025 - 2030) | 20.00 % |
Market Concentration | High |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
MEA Automotive Electric Vehicles Market Analysis
The Middle East And Africa Automotive Electric Vehicle Market size is estimated at USD 3.83 billion in 2025, and is expected to reach USD 9.53 billion by 2030, at a CAGR of greater than 20% during the forecast period (2025-2030).
Advancements in electric vehicle technology, government ambitions for sustainable transportation, and strategic investments by regional powerhouses are driving a significant transformation in the Middle East's electric vehicle market. Rising concerns over environmental pollution, an increasing demand for alternative fuel vehicles, and declining battery prices are set to propel EV sales in the region during the forecast period.
Furthermore, heightened government initiatives to promote electric vehicle adoption and a growing awareness of energy storage solutions in the renewable energy sector are anticipated to bolster the market. Additionally, the rollout of 5G telecommunications and the execution of Vision Documents in nations like Saudi Arabia, the UAE, Qatar, and Kuwait are poised to further support the Middle East's EV market in the years ahead.
Saudi Arabia and the UAE are leading the charge as early adopters of electric vehicles in the Middle East. The Saudi Arabian Standards Organization (SASO) is gearing up to roll out regulations governing electric vehicle usage. Meanwhile, the UAE's Road Transport Authority (RTA) has been proactive, issuing advisories and spearheading the development of charging stations nationwide.
Dubai, a key player in the UAE's EV landscape, boasts over 300 charging stations. In a move to further bolster its infrastructure, UAE’s DEWA unveiled plans in April 2024 to elevate the count of green fast and ultra-fast charging stations in Dubai to a target of 1,000 by the end of 2025. This ambitious Green Charger initiative, first introduced in 2014, saw its inaugural phase come to fruition in 2015 with the installation of 100 stations.
MEA Automotive Electric Vehicles Market Trends
Passenger Cars Segment to Hold Majority Share During the Forecast Period
Passenger cars have a significant market share in the Middle East EV market and are likely to hold a strong position during the forecast period. To accommodate increasing demand and changing consumer expectations, major manufacturers throughout the region are manufacturing electric cars. Better performance (long life and little maintenance), and declining prices are other aspects that support its increased demand. Thus, there is an increase in demand for passenger cars and their charging infrastructure.
Countries like Saudi Arabia and the United Arab Emirates are becoming early adopters of electric vehicles in the GCC region. The Saudi Arabian Standards Organization (SASO) has plans to issue regulations for the use of electric vehicles. The Road Transport Authority (RTA) of the United Arab Emirates has issued advisory messages and worked to develop charging stations in the country.
As EVs are still in the nascent stage in the region, it has not yet set out incentives for deploying EVs, such as free charging stations, Greenbank loans, etc. EV incentives are yet to be developed, especially when EV deployment starts on a commercial scale. However, the region has taken a few initiatives that are likely to boost EV demand.
Furthermore, players operating in the region are launching new products to expand their product portfolio. Additionally, regulatory bodies have laid down stringent regulations about bringing down fuel emissions and increasing road safety which will further support the passenger cars charging infrastructure.
In August 2023, Evergrande Auto announced that it received an approximate USD 500 million strategic investment from NWTN Inc. (NWTN) headquartered in Dubai, UAE. After receiving the investment, the automaker will fully advance the production and sales of the Hengchi 5 to quickly capture the market, and will further advance the R&D and mass production of new models such as the Hengchi 6 and the Hengchi 7.
Moreover, to address evolving EV demand aimed at lowering emission rates and fuel efficiency, charging infrastructure providers are expected to focus on innovation and research & development.
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UAE is the Leading Market for EVs in the Region
Driven by ambitious sustainability goals and a commitment to diversifying its economy beyond oil dependence, the UAE is emerging as a market leader in the Middle East's electric vehicle (EV) landscape. Recognizing the potential of EVs to curb carbon emissions and champion sustainable transportation, the UAE's leadership aligns these efforts with a broader vision for a greener future.
In recent years, the UAE has rolled out initiatives to bolster EV adoption, underscoring its green mobility agenda and the overarching aim of achieving net-zero emissions by end of 2050.
Beyond the 2050 target of a 50% electric vehicle fleet and 25% plug-in hybrids, the UAE's vision encompasses a diverse automotive future. While the remaining vehicles will be a mix of internal combustion engines (ICE), compressed natural gas (CNG), and hydrogen (H2), buses are set to be 70% electric and 15% plug-in hybrid. Trucks, on the other hand, have a target of 10% plug-in hybrid and 40% hybrid vehicles.
To further incentivize EV adoption, the UAE government has rolled out a suite of benefits. These range from free parking and toll exemptions for electric vehicles to slashed registration fees. Setting a precedent, government entities are now required to integrate electric and hybrid vehicles into their fleets, a move aimed at influencing both the private sector and individual consumers. Such initiatives have undeniably heightened interest in EVs among both UAE consumers and businesses.
Yet, challenges loom over the UAE's burgeoning EV market. The region's harsh climate, characterized by extreme heat and sporadic sandstorms, poses risks to battery performance and vehicle range. This reality has intensified efforts to craft EVs and charging infrastructures resilient to such environmental conditions.
In a bid to further its emissions reduction goals and reshape its mobility landscape, the UAE unveiled plans in July 2023 to more than double its EV charging stations by year's end. Complementing this, DEWA has established 382 green charging stations throughout Dubai, many equipped with dual charging outlets.
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MEA Automotive Electric Vehicles Industry Overview
The Middle East electric vehicle market is dominated by a few players, such as Tesla Motors Inc., Volkswagen AG, Toyota Motor Corporation, Nissan Motor Co. Ltd, and Geely. With the growing demand for electric vehicles in the region, major players in the market form partnerships, joint ventures, and acquisitions. For instance,
- In September 2023, Kaixin Auto Holdings announced that it signed a non-binding Letter of Intent for merger and acquisition with WM Motor Holdings Limited.
MEA Automotive Electric Vehicles Market Leaders
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Volkswagen AG
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Nissan Motor Co. Ltd
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Hyundai Motor Company
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BMW AG
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Tesla Inc.
- *Disclaimer: Major Players sorted in no particular order
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MEA Automotive Electric Vehicles Market News
- October 2023: At the Geneva International Motor Show Qatar, VinFast unveiled its quartet of electric vehicle models: the VF 6, VF 7, VF 8, and VF 9. The company also expressed its intent to forge partnerships in the Middle East, a key target market, to collaboratively explore research opportunities and champion green mobility initiatives in the area. Furthermore, VinFast is actively engaged in extensive vehicle testing across the region.
- October 2023: In a significant move, BeyonCa inked an investment and strategic cooperation memorandum with Saudi Arabia's Al Faisaliah Group Holding Company (AFG). This MOU paves the way for both entities to collaboratively delve into electric vehicle development, spanning research, manufacturing, trade, retail, charging, insurance, and other related sectors.
- February 2023: Forsee Power has taken a step forward by equipping its inaugural Integral Electric Vehicle with the advanced Forsee ZEN PLUS battery systems. MCV, a versatile player, offers a diverse lineup including city and intercity buses, coaches, double-decker buses, specialized trucks, and vans. Their commercial vehicles find a market across Africa, the Middle East, Europe, and the U.S.
MEA Automotive Electric Vehicles Industry Segmentation
An electric vehicle (EV) operates on an electric motor instead of an internal combustion engine that generates power by burning a mix of fuel and gases. Therefore, such a vehicle is seen as a possible replacement for current-generation automobiles to address rising pollution, global warming, depleting natural resources, etc.
The Middle East electric vehicle market is segmented into drive type, vehicle type, and geography. Based on the drive type, the market is segmented into plug-in hybrid and pure electric. Based on vehicle type, the market is segmented into passenger cars and commercial vehicles. Based on geography, the market is segmented into the United Arab Emirates, Saudi Arabia, Egypt, and the Rest of the Middle East. The report offers market size and forecasts for all the above segments in value (USD).
Drive Type | Plug-in Hybrid |
Pure Electric | |
Vehicle Type | Passenger Cars |
Commercial Vehicles | |
Geography | United Arab Emirates |
Saudi Arabia | |
Qatar | |
Oman | |
Rest of Middle East |
Middle East and Africa Automotive Electric Vehicles Market Research FAQs
How big is the Middle East And Africa Automotive Electric Vehicle Market?
The Middle East And Africa Automotive Electric Vehicle Market size is expected to reach USD 3.83 billion in 2025 and grow at a CAGR of greater than 20% to reach USD 9.53 billion by 2030.
What is the current Middle East And Africa Automotive Electric Vehicle Market size?
In 2025, the Middle East And Africa Automotive Electric Vehicle Market size is expected to reach USD 3.83 billion.
Who are the key players in Middle East And Africa Automotive Electric Vehicle Market?
Volkswagen AG, Nissan Motor Co. Ltd, Hyundai Motor Company, BMW AG and Tesla Inc. are the major companies operating in the Middle East And Africa Automotive Electric Vehicle Market.
What years does this Middle East And Africa Automotive Electric Vehicle Market cover, and what was the market size in 2024?
In 2024, the Middle East And Africa Automotive Electric Vehicle Market size was estimated at USD 3.06 billion. The report covers the Middle East And Africa Automotive Electric Vehicle Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Middle East And Africa Automotive Electric Vehicle Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Middle East & Africa Automotive Electric Vehicle Industry Report
The Middle East and Africa automotive electric vehicle (EV) industry is experiencing robust growth, fueled by heightened environmental awareness, supportive government policies, and technological advancements in EVs. The MEA automotive electric vehicle market is attracting significant investments, enhancing the variety of EV models and charging infrastructure. Key segments such as battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs) are expanding, serving both personal and commercial needs. Regional governments are boosting EV adoption through incentives and infrastructure upgrades, complemented by advances in battery technology and the development of extensive charging networks. Despite the hurdles of high initial costs and limited charging facilities, the market is ripe for infrastructure enhancement, fleet electrification, and strategic partnerships. The outlook remains positive with ongoing investments steering the region towards a sustainable transport future. For detailed statistics on the Middle East Electric Vehicle market share, size, revenue growth, and a forecast outlook, access a free report PDF download from Mordor Intelligence™ Industry Reports.