ADNOC distribution, TAQA reveal E2GO to provide EV charging points across UAE

ADNOC distribution, TAQA reveal E2GO to provide EV charging points across UAE

ABU DHABI, 19th January, 2023 (WAM) -- ADNOC Distribution and Abu Dhabi National Energy Company (TAQA) agreed to work together to establish a mobility joint venture, E2GO, to build and operate electric vehicle (EV) infrastructure in Abu Dhabi and the wider UAE.

An agreement to pave the way for creating the joint venture was signed by CEO of ADNOC Distribution Bader Saeed Al Lamki, and Group CEO and MD of TAQA Jasim Husain Thabet and was unveiled during the Abu Dhabi Sustainability Week (ADSW 2023).

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 (CAGR) of 30% between 2022 and 2028 according to the global electric mobility readiness index published in 2022.

E2GO comes at an opportune time in the development of the UAE’s EV market, with an expected 70,000 charging points considered to be required in Abu Dhabi by 2030 to meet growing EV demand. To support this demand, an investment of up to US$200 million of CAPEX will be needed for this critical infrastructure.

Backed by two Abu Dhabi national energy champions, E2GO aims to become the principal provider of EV charging points and associated