The UAE Electric Vehicle Market is experiencing significant growth as the nation shifts towards sustainable transportation solutions. With a strong commitment to reducing carbon emissions and promoting eco-friendly initiatives, the UAE is becoming a regional leader in electric vehicle adoption. This blog explores the UAE Electric Vehicle Market, shedding light on its market size, share, and the increasing demand for electric vehicles in the region.
Electric vehicles play a crucial role in the UAE’s strategy to combat climate change and reduce its carbon footprint. By decreasing reliance on fossil fuels, EVs contribute significantly to lowering greenhouse gas emissions.
The UAE Electric Vehicle Market is integral to achieving the nation’s sustainability goals, with the adoption of EVs being a key component in reducing overall carbon emissions and promoting a cleaner environment.
The UAE Electric Vehicle Market is not just a trend but a testament to the UAE’s forward-thinking approach to environmental stewardship and sustainable development.
Current Market Size and Growth Trends
The UAE Electric Vehicle (EV) market has experienced steady growth, driven by the nation’s ambitious sustainability goals, government support, and evolving consumer preferences. As the country continues to invest in renewable energy and reduce carbon emissions, the adoption of EVs has gained significant momentum. This trend aligns with the UAE’s Vision 2021 and the UAE Energy Strategy 2050, which aim to increase the contribution of clean energy to the national energy mix and promote sustainable transportation.
The government’s favourable policies, such as incentives for EV buyers, exemptions from road tolls, and free charging stations, have further accelerated the adoption of electric vehicles. Additionally, the Dubai Electricity and Water Authority (DEWA) and Abu Dhabi’s Department of Energy have been actively involved in expanding the EV charging infrastructure, making it more convenient for consumers to switch to electric mobility.
How many EVs are there in the UAE?
The electric vehicle (EV) market in the UAE is witnessing rapid growth, driven by the government’s commitment to sustainability and reducing carbon emissions.
As of 2023, the number of electric vehicles (EVs) in the UAE is estimated to be around 7,331, primarily concentrated in Dubai. This figure is expected to rise significantly, with projections estimating around 12,852 EVs by 2025.
The UAE government has been actively promoting electric mobility as part of its broader strategy to achieve net-zero carbon emissions by 2050. The market for EVs in the UAE is growing rapidly, with a compound annual growth rate (CAGR) expected to reach around 24-30% between 2022 and 2028.
EV Numbers by Emirate
Dubai:
By the end of December 2023, Dubai had 25,929 EVs.
This was a significant increase from 15,100 EVs at the end of 2022.
Abu Dhabi:
As of an unspecified recent date, Abu Dhabi had 2,441 EVs.
Overall UAE Market
While an exact total for the entire UAE is not provided, we can infer that the number is over 28,000 based on the Dubai and Abu Dhabi figures alone.
The EV market in the UAE is growing rapidly:
The UAE government has set a target of 42,000 EVs on the road by 2030.
EV sales are projected to grow at a compound annual growth rate (CAGR) of 45.84% between 2024 and 2032.
By 2035, EVs could account for up to 25% of all new passenger car and light commercial vehicle sales in the UAE.
Statistics on the Current Market Size of EVs in the UAE
As of 2022, the UAE Electric Vehicle Market saw a notable increase in the number of EVs sold. The data indicates that electric vehicle adoption in the UAE is on the rise, with the market witnessing substantial growth.
Here are some key statistics on the current market size of electric vehicles (EVs) in the UAE:
The UAE Electric Vehicle market was valued at US$ 2,969.72 million in 2023.
According to the Dubai Water and Electricity Authority (DEWA), the number of EVs in Dubai is estimated to be approximately 7,331 in 2023.
Abu Dhabi has 2,441 EVs, 4,138 hybrid vehicles, and 9,412 CNG and natural gas vehicles.
The UAE Electric Vehicle market size was estimated to be worth USD 3.83 billion in 2023.
The EV market in the UAE is projected to grow at a CAGR of 13.38% during the forecast period between 2024 and 2030.
The UAE government has set a target of 42,000 EVs on the road by 2030.
Dubai aims to have 30% of public sector vehicles and 10% of all vehicle sales be electric and hybrid by 2030.
Annual Growth Rate and Future Projections
The annual growth rate of the UAE Electric Vehicle Market has been impressive, with projections indicating continued upward momentum. Statista’s data shows a consistent increase in EV sales year over year, highlighting a robust UAE EV growth trajectory. Future projections suggest that the market will continue to expand as more consumers and businesses adopt electric vehicles. This growth is expected to be driven by both local demand and the UAE’s strategic initiatives to promote sustainable mobility.
The UAE Electric Vehicle Market is still at its early stages, but it is rapidly growing. The UAE government has shown a strong commitment to promoting the use of electric vehicles as part of its efforts to reach zero carbon emissions by 2050. Demand for EVs in the UAE market has witnessed a steady rise over the past years and is projected to see a compound annual growth rate (UAE EV growth) of 30% between 2022 and 2028, according to the Global Electric Mobility Readiness Index published in 2022 by the international consultancy firm Arthur D. Little. The development and certification of ADQCC Approved EV Charger, SASO Approved EV Charger, and DEWA Tested EV Charger infrastructure are crucial factors supporting the electric vehicle adoption in UAE and further accelerating the expansion of the UAE Electric Vehicle Market.
According to the Dubai Water and Electricity Authority (DEWA), the number of EVs in Dubai is estimated to be approximately 7,331 in 2023 and is expected to reach 12,852 by 2025. This supports Dubai’s Green Mobility Strategy 2030, mandating 30% of public sector vehicles and 10% of all vehicle sales to be electric and hybrid by 2030, driving the growth of the UAE Electric Vehicle Market.
Abu Dhabi is another emirate leading the UAE’s green mobility agenda. It has 2,441 EVs, 4,138 hybrid vehicles, and 9,412 CNG and natural gas vehicles. Abu Dhabi is also exploring hydrogen fuel technology as part of a wider investigation into sustainable mobility, contributing to the UAE EV growth.
In terms of charging infrastructure, the UAE Ministry of Energy and Infrastructure is leading an ambitious plan to develop a national ultra-fast EV charging corridor. Abu Dhabi has about 250 charging stations. The availability of ADQCC Approved EV Charger and SASO Approved EV Charger stations is crucial for supporting the UAE Electric Vehicle Market and ensuring the reliability and convenience of charging infrastructure for consumers.
Here are the key statistics on the annual growth rate and future projections for the EV market in the UAE:
Compound Annual Growth Rate (CAGR):
The EV market in the UAE is projected to grow at a CAGR of 30% between 2022 and 2028.
Another source estimates a CAGR of 13.38% for the period between 2024 and 2030.
A third estimate suggests a CAGR of around 28.5% during the forecast period of 2024-2030.
Some quick estimates about the Future Market Projections:
The UAE Electric Vehicle Market is projected to reach a revenue of US$270.3 million in 2024.
This market segment is anticipated to show an annual growth rate (CAGR 2024-2028) of 8.21%, resulting in a projected market volume of US$370.6 million by 2028, indicating significant UAE EV growth.
Unit sales of electric vehicles in the UAE are expected to reach 6,624 vehicles by 2028, showcasing the steady electric vehicle adoption in UAE.
In 2024, the volume-weighted average price of electric vehicles in the UAE is expected to amount to US$56,000.
From an international perspective, China is projected to generate the most revenue in the electric vehicles market, with US$319,000 million in 2024.
The UAE Electric Vehicle Market is experiencing a surge in adoption, driven by government incentives and infrastructure development, including the installation of ADQCC Approved EV Charger, SASO Approved EV Charger, and DEWA Tested EV Charger stations.
Market Share of Leading EV Manufacturers in the UAE
The table below highlights the market share of leading electric vehicle manufacturers in the UAE, reflecting the growing dominance of key global players like Tesla, Nissan, and Hyundai. These companies have captured significant portions of the market due to increasing demand for EVs driven by government incentives and sustainability goals. The data underscores the competitive landscape as manufacturers vie for a larger share in this rapidly expanding market.
Here’s a table outlining key players in the UAE Electric Vehicle Market, including their details:
Popular Electric Vehicle Models in the UAE
Electric vehicles (EVs) are gaining popularity in the UAE, driven by government incentives and growing environmental awareness. Below is a table summarising features, specifications, and user ratings of some of the top-selling electric vehicles in the UAE as of 2024.
How many EV charging stations are there in the UAE in 2050?
The UAE Electric Vehicle Market is experiencing rapid growth as the country aggressively enhances its infrastructure to support the widespread adoption of electric vehicles. In line with its ambitious 2050 carbon neutrality goals, the UAE plans to install 70,000 EV charging points by 2030. This significant increase in infrastructure is a clear indication of the UAE’s commitment to fostering the UAE Electric Vehicle Market.
Currently, there is no specific projection available for the number of EV charging stations by 2050. However, given the current growth trends and the UAE’s ambitious goals, it is reasonable to expect a substantial increase in the number of charging stations by 2050. This anticipated growth will further bolster the UAE Electric Vehicle Market, making it more accessible and convenient for users across the nation.
The UAE Electric Vehicle Market is also seeing an increase in market share, with more consumers opting for electric vehicles over traditional combustion engine vehicles. This shift is supported by the availability of ADQCC Approved EV Chargers, and SASO Approved EV Chargers, ensuring that the infrastructure meets high standards of safety and efficiency. The integration of these approved chargers into the UAE Electric Vehicle Market infrastructure is critical for maintaining user trust and reliability.
How to Choose the Right EV Charger
Choosing the right EV charger is crucial for ensuring the optimal performance and convenience of your electric vehicle, especially in the growing UAE Electric Vehicle Market. Here are key factors to consider when selecting an EV charger:
Charger Type and Compatibility
Level 1 Chargers: These are standard chargers that use a regular household outlet. They are suitable for overnight charging but are slower compared to other options.
Level 2 Chargers: These chargers require a dedicated 240V outlet and offer faster charging times, making them ideal for home use. They are often considered the Best EV Charger for Home Dubai, UAE.
DC Fast Chargers: These are the fastest charging options and are typically found in public charging stations. They are less common for home use due to their high cost and power requirements.
Charging Speed
Consider the charging speed you need based on your daily driving habits and the battery capacity of your EV. For most users in the UAE Electric Vehicle Market, a Level 2 charger is sufficient for daily needs.
EV Charging Providers in UAE offer a range of chargers with varying speeds. It’s essential to choose one that matches your vehicle’s specifications and your personal requirements.
Certification and Approval
Ensure the charger is certified by relevant authorities for safety and reliability. Look for ADQCC Approved EV Charger, and SASO Approved EV Charger labels to guarantee compliance with local standards.
Using approved chargers ensures the safety of your home and vehicle, aligning with the best practices in the UAE Electric Vehicle Market.
Installation and Maintenance
Professional installation is recommended for Level 2 and DC fast chargers to ensure they are set up correctly and safely. Many EV Charging Providers in the UAE offer installation services.
Regular maintenance is crucial for the longevity and reliability of your charger. Choose a provider that offers comprehensive support and maintenance services.
Smart Features and Connectivity
Modern chargers come with smart features like Wi-Fi connectivity, app control, and scheduled charging. These features add convenience and can help optimize charging based on electricity tariffs.
In the UAE Electric Vehicle Market, having a smart charger can enhance the overall user experience, making it easier to manage your EV charging needs efficiently.
Cost and Incentives
While the upfront cost of a charger is an important factor, consider long-term savings and benefits. Government UAE EV incentives might be available to offset the initial cost.
EV Charging Providers in UAE often provide packages that include installation, maintenance, and smart features, which can be more cost-effective in the long run.
Future-Proofing
Consider future-proofing your investment by choosing a charger that can accommodate potential upgrades to your vehicle or changes in charging standards.
The UAE Electric Vehicle Market is rapidly evolving, so selecting a charger that can adapt to new technologies and standards is a wise decision.
Comparison of different types of chargers:
Here’s a table comparing different types of EV chargers, considering key aspects such as charging speed, cost, and typical use cases:
The Future of Electric Vehicle Charger Technology and How CITA is Changing the EV Revolution in UAE
CITA EV Chargers are a prominent choice in the UAE Electric Vehicle Market, known for their advanced technology and reliability. As the demand for electric vehicles (EVs) grows, particularly in regions like Dubai, CITA EV offers a range of charging solutions designed to meet diverse needs. Their chargers are recognized for their high quality and compliance with local standards, making them a preferred option among EV Charging Providers in UAE.
Wall Mount Home EV Charger Series: Versatile, Certified, and Built for Reliability
CITA EV’s Wall Mount Home EV Charger Series is designed to provide an exceptional charging experience for residential users, offering versatile power options of 7 kW, 11 kW, and 22 kW. Tailored to meet the needs of modern households, these chargers are perfect for all types of electric vehicles, combining efficiency, reliability, and advanced features in a sleek and compact design.
The chargers in this series are equipped with the highest levels of safety and quality, backed by extensive certifications and approvals. In the UK, the chargers are OZEV grant approved and UKCA approved along with a CE certification in Europe, making them eligible for government grant schemes for home EV charger installations, helping homeowners reduce costs while supporting sustainable energy adoption. In the Middle East, the chargers meet rigorous standards, holding certifications from ADQCC in Abu Dhabi and SASO in Saudi Arabia, ensuring compliance with local regulations and safety protocols.
Built for durability, the chargers feature an IP65 rating, making them resistant to water and dust ingress, ideal for outdoor use in variable weather conditions. Additionally, their IK10 certification for impact resistance ensures robust protection against physical damage, providing peace of mind even in high-traffic areas.
Superfast DC Chargers Series: High-Performance Charging Solutions for Demanding Needs
CITA EV’s Superfast DC Chargers Series is designed to meet the most demanding charging requirements with unmatched speed and efficiency. Offering power outputs ranging from 60 kW to an impressive 360 kW, these chargers provide rapid and ultra-fast charging solutions for commercial settings, public charging stations, and fleet operations. With their advanced technology, CITA EV’s DC chargers significantly reduce charging times, ensuring maximum convenience and operational efficiency.
CITA EV’s DC chargers are backed by a comprehensive range of certifications and approvals, guaranteeing safety, quality, and compliance with global and regional standards. In the UK, these chargers meet the highest benchmarks for safety and performance and are UKCA-certified, affirming their compliance with UK regulatory requirements. In Europe, these In the Middle East, they are approved by ADQCC in Abu Dhabi and SASO in Saudi Arabia, ensuring adherence to stringent quality and safety standards in these markets.
Designed to perform in all environments, the chargers in this series are IP65-rated for water and dust resistance, making them suitable for outdoor installations in challenging weather conditions. Their IK10 certification for impact resistance ensures they can withstand physical stresses, delivering durability and long-term reliability.
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