UAE’s EV market projected to grow by 27% annually over next six years

UAE’s EV market projected to grow by 27% annually over next six years

ABU DHABI, 31st May, 2023 (WAM) -- Eng. Naser Al Bahri, Director of the Electric Vehicle Innovation Summit (EVIS), said that the UAE’s electric vehicle (EV) market is growing rapidly, due to the country’s efforts to build an advanced infrastructure and install electric charging stations.

In his statement to the Emirates News Agency (WAM), Al Bahri said that the EV market will grow at an annual rate of 27.2 percent between 2023 and 2027.

He also highlighted the UAE’s visionary plans and creative initiatives to promote the use of EVs among the public, supported by a state-of-the-art infrastructure that meets the highest international standards.

He then affirmed the UAE’s interest in creating a sustainable transport sector, which is a major global source of carbon emissions, pointing out the importance of EVs in reducing greenhouse gas emissions, in line with the UAE’s investment in sustainable solutions and its strategic initiative to achieve climate neutrality by 2050.

Al Bahri expressed the UAE’s readiness to host world leaders at COP28.

This year’s edition of EVIS featured 30 countries and a wide range of regional and international companies, which will present their latest EV products. National companies also took part in the event.

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