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Friday, September 22, 2023

UAE’s EV market expected to grow 27% annually over next six years


Abu Dhabi: Engineer. Naser Al Bahri, Director of the Electric Vehicle Innovation Summit (EVIS), said the UAE’s electric vehicle (EV) market is growing rapidly, fueled by the country’s efforts to build advanced infrastructure and install charging stations.

In a statement to the Emirates News Agency (WAM), Al Bahri said the EV market will grow at an annual rate of 27.2 percent between 2023 and 2027.

He also highlighted the UAE’s visionary plans and creative initiatives aimed at promoting the use of electric vehicles by the public, backed by state-of-the-art infrastructure that meets the highest international standards.

He then affirmed the UAE’s interest in creating a sustainable transport sector, a major contributor to global carbon emissions, and noted the importance of electric vehicles in reducing greenhouse gas emissions, in line with the UAE’s investment in sustainable solutions and Its realization of strategic initiatives. Achieve climate neutrality by 2050.

Al Bahri said UAE is ready to host world leaders at COP28.

This year’s EVIS brings together 30 countries and numerous regional and international companies to showcase their latest EV products. Domestic enterprises also participated in the event.

With more than 20% of the government fleet using electric vehicles since 2021, the UAE is leading the future of electric vehicles in the region.

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, inaugurated the second Electric Vehicle Innovation Summit (EVIS2023) at the Abu Dhabi National Exhibition Center (ADNEC) on Monday.

The summit spans three days and includes extensive exhibits throughout the event.

The exhibit space has been expanded to accommodate more than 100 products on display, including vehicles and EV service providers. In addition, EVIS2023 includes a two-day conference of great interest with more than 100 speakers and more than 50 sessions covering a wide range of topics relevant to the current and future field of e-mobility.

The summit aims to promote a shift from reliance on fossil fuels to electric vehicles, thereby freeing the planet from the environmental impact of carbon dioxide and other emissions. According to Statista, transportation accounts for 17 percent of global greenhouse gas emissions, second only to the electricity sector. The global auto industry is under pressure to embrace electric vehicles.

The two-day summit will bring together delegates, experts and mobile industry representatives from dozens of countries to discuss the current situation as well as future challenges and opportunities. It has more than 75 sessions including keynotes, presentations and panel discussions covering the complete value chain of the EV industry.

A notable new addition this year is the Technology Park, an innovation center showcasing the latest advances in electric vehicles. This dedicated area showcases cutting-edge electric vehicle technologies developed by universities and technology incubators, shaping the future of the industry.

Tarek Farham / Amjad Saleh


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