Press release
UAE Electric Vehicle Market Outlook (2022-2028) | Size, Share & 6Wresearch
According to 6Wresearch, the UAE Electric Vehicle Market size is projected to grow at a CAGR of 24.2% in terms of revenues during 2022-2028. The UAE electric vehicle market would register growth during the forecast period on account of increase in tourist footfall in the country which is going to expand the car rental business in the emirates, coupled with domestic consumption on the back of economic benefits provided by the government to promote the electric vehicle in the country.
The UAE Electric Vehicle market witnessed a decent growth during the period 2018-2021 underpinned by government initiatives and consumer awareness towards climate change in the country. However, the Covid-19 pandemic affected market sales during the year 2020 as the movement restrictions imposed during the pandemic period disrupted the supply chain for electric motors and halted the manufacturing processes leading to fall in market demand and hence the market revenues.
Request For Sample Report : https://www.6wresearch.com/industry-report/uae-electric-vehicle-market-2019-2025-ev-forecast-by-vehicle-types-dubai-competitive-landscape
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Market by Vehicle Types Analysis
In terms of vehicle types, passenger vehicles contributed 95.1% revenue in the UAE Electric Vehicle market share in 2021 owing to increasing trend of rental car service in the country coupled with domestic residential buyers.
Key Highlights of the Report
UAE Electric Vehicle Market Overview
UAE Electric Vehicle Market Outlook
UAE Electric Vehicle Market Trends
UAE Electric Vehicle Market Forecast
Market Drivers and Restraints
Industry life Cycle
Porter's Five Force Analysis
Price Trend Analysis
Competitive Benchmarking
Company Profiles
Covid-19 Impact on UAE Electric Vehicle Market
Key Strategic Recommendations
Historical Data and Forecast of UAE Electric Vehicle Market Volume, By Region, for the Period 2018-2028F
Historical Data and Forecast of UAE Electric Vehicle Market Revenues, for the Period 2018-2028F
Historical Data and Forecast of UAE Electric Vehicle Market Revenues, By Region, for the Period 2018-2028F
Historical Data and Forecast of UAE Electric Vehicle Market Volume, for the Period 2018-2028F
Historical Data and Forecast of UAE Electric Vehicle Market Volume, By Vehicle Type, for the Period 2018-2028F
Historical Data and Forecast of UAE Electric Vehicle Market Revenues, By Vehicle Type, for the Period 2018-2028F
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