ADNOC Distribution and Abu Dhabi utility firm Taqa create ‘E2GO’ to build EV charging network in UAE

ADNOC Distribution and Abu Dhabi utility firm Taqa create ‘E2GO’ to build EV charging network in UAE

Dubai: ADNOC Distribution is creating a new company – E2G) - with Abu Dhabi’s utility giant Taqa to build and operate an EV infrastructure in the emirate and the wider UAE. Demand for EVs in the is projected to see a compound annual growth rate (CAGR) of 30 per cent between 2022-28. E2GO will play a 'critical role' in creating an estimated 70,000 EV charging points and up to $200 million will be required as capex to 'meet growing demand by 2030'. ADNOC Distribution already has a ready-made real estate base to develop the planned EV charging stations, with its fuelling stations. EV sales in the UAE is rated as having had a good run in 2022, with more carmakers offering models to take on Tesla. "E2GO aims to become the principal provider of EV charging points and associated infrastructure across Abu Dhabi," said an ADNOC statement. "The partnership will include a network of fast chargers at key locations, featuring associated solutions such as parking and tolling services, in addition to related digital platforms to facilitate EV charging, which will enhance customer service and unlock new revenue streams." “As electric vehicle adoption grows in the UAE, ADNOC Distribution and Taqa