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The UAE aims to be carbon neutral by 2050 and ranks 8th globally in terms of electric vehicle readiness, while the country’s electric vehicle (EV) market is expected to grow at a CAGR of 30% between 2022 and 2028 increase.
The UAE government’s focus on infrastructure readiness is accelerating the pace of electric vehicle adoption, according to the results of a new study conducted by leading management consultancy Arthur D. Little (ADL).
The Global Electric Vehicle Readiness Index – Gemrix 2022 finds a significant increase in the adoption of electric vehicles (EVs) globally. Governments in the Middle East are accelerating the development of electric vehicle technology, with Saudi Arabia pledging to become carbon neutral by 2060 and have 30 percent of electric vehicles in Riyadh by 2030.
increasingly accepted
Joseph Salem, Partner and Head of Travel and Transport Practice at Arthur D Little Middle East, said: “Governments in the Middle East are increasingly embracing EV technology on the road, and the UAE ranks high in EV readiness. With the Readiness Index, we aim to help the public better understand the full range and potential of electric vehicles, and to support automotive organizations with a deep understanding of the readiness of the electric vehicle market.”
Passenger cars account for around 95% of the UAE electric vehicle market due to the increase in car rental services and the limited scope of commercial vehicles in transport and logistics. According to the UAE Vision 2021, the government has promoted electric vehicles across the country. It has converted 20% of government agency vehicles to electric vehicles and further plans to have 42,000 electric vehicles on the streets by 2030.
The UAE has one of the largest charging station-to-vehicle ratios in the world. The EV Green Charger programme in Dubai was launched in 2015 to increase the number of charging stations. Since then, the network has continued to expand, and as of this writing, the country has 325 charging stations.
Incentives
To promote the use of electric vehicles, the Dubai Electricity and Water Authority and the Roads and Transport Authority are jointly developing incentives such as free parking, toll free and reduced registration fees, with a view to achieving zero emissions from public transport by 2050.
The region’s first electric vehicle and battery logistics hub has opened in Dubai’s Jebel Ali Free Zone, in line with the UAE’s transition to a circular economy, ensuring a reliable supply chain for sustainable mobility solutions. Around 30% of UAE residents would consider buying electric vehicles to facilitate the green transition, believing that they are better value for money than conventional cars in the long run.
People in the 20-25 age group are more susceptible to environmental factors and may be the youngest potential adopters. Significant investments have been made to reduce charging times for electric vehicles, providing further incentives for consumers to adopt EVs. — arab trade news agency
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