Comprehensive Overview of the GCC Electric Vehicle Market: Size, Trends, and Growth Forecast for 2023-2028

Markntel Advisors’ report, GCC Electric Vehicle Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the GCC Electric Vehicle presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

GCC Electric Vehicle Market Industry Research Report & Market Summary:

According to a new study by MarkNtel Advisors, the GCC Electric Vehicle Market is expected to grow at an exponential rate through 2028. The market growth primarily owes to the growing concerns over future energy savings, greenhouse gas emissions, and surging economies in the GCC region, owing to the massive consumption of fossil fuels and the ever-increasing traffic congestions.

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GCC Electric Vehicle Market Dynamics:

Key Driver-

Rising Government Support to Support the Adoption of EVs

The mounting support from the governments of the member countries in the region through various initiatives & programs toward curbing the prevailing environment pollution and diversifying the economic resources by reducing dependency on oil is the prime factor anticipated to drive the GCC Electric Vehicle Market in the forecast period.

GCC Electric Vehicle Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Vehicle Type

Two Wheeler
Passenger Car
Commercial Vehicle

Among these, Electric Trucks & Buses are expected to observe a larger sales volume across GCC countries owing to the various government initiatives toward the electrification of public transport fleets, coupled with the growing requirements for zero-emission vehicles across e-commerce & logistic sectors.

By Propulsion Type

Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)

By Battery Type

Lithium-Ion Battery
Lithium Titanate Oxide

By Capacity

Upto 40kWh
40-70 kWh
Above 70-100 kWh
Above 100 kWh

By Range

Short Range (Up to 240 km)
Mid-Range (240-400km)
Long Range (Above 400km)

By Country

The UAE
Saudi Arabia
Qatar
Oman
Bahrain

Here, the popularity of EVs is more significant in the UAE, having more than 300 EV charging stations. The prime reasons behind its accelerating pace in the shift toward EVs are the participation of the government, banks, and auto dealers through various incentives and increased awareness regarding the environment among people.

As indicated in the latest market research report published by Markntel Advisors, “GCC Electric Vehicle Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the GCC Electric Vehicle. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/gcc-electric-vehicle-market.html

Top Companies Operating in the GCC Electric Vehicle Market:

Tesla, Inc.
One Moto
Vmoto Soco
Hyundai Motor Company
MG Motors
Bayerische Motoren Werke (BMW) AG
General Motors Company
Groupe Renault
Nissan Motor Company Ltd.
Mercedes-Benz
Porsche
Volvo Cars
Others.

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*

Other Report:

Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Frequently Asked Questions (FAQs)-

What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
What are the trends influencing the current scenario of the market?
What leading factors would propel and impede the industry across the geography?
How has the industry been evolving in terms of geography & GCC Electric Vehicle Market adoption?
How has the competition been shaping up across the geography?
Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

About Us –

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.