UAE ranks eighth globally for its readiness of markets for electric mobility

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UAE ranks eighth globally for its readiness of markets for electric mobility

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The UAE ranks eighth globally, for its readiness of markets for electric mobility.

The electric vehicle (EV) market is estimated to grow at a Compound Annual Growth Rate (CAGR) of 30 per cent between 2022 and 2028 in the country.

Accelerated by the increasing threat of climate change, interest in electric mobility has escalated over the last four years.

According to a new study conducted by Arthur D. Little (ADL), a management consultancy firm with the longest-standing presence in the Middle East region, “this has happened both within companies and across societies”.

Joseph Salem, partner and travel and transportation practice lead at Arthur D. Little Middle East, said governments in the Middle East are increasingly receptive to EV technology on the roads with the UAE ranking high in readiness for electric mobility.

"Through the Global Electric Mobility Readiness Index, we aim to help the public better understand the full scope and potential of e-mobility and support automotive organisations through an insight into the readiness of markets for e-mobility.”

The report analyses market drivers for electric vehicles (EVs) and evaluates overall readiness across markets.

The Global Electric Mobility Readiness Index – Gemrix 2022 finds that there has been a massive jump in Electric Vehicle (EV) adoption worldwide.

Governments across