Press release
Latest Trends In Saudi Arabia Electric Vehicle Market
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The Saudi Arabian electric vehicle market is expanding due to advances in EV battery technology and rising demand for commercial vehicles.
Additionally, factors including more affordable electric vehicles, increased installation of charging infrastructure, and a thriving logistics and transportation sector are anticipated to boost market expansion.
SAUDI ARABIA ELECTRIC VEHICLE MARKET SIZE AND FORECAST
The Saudi Arabia Electric Vehicle Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
MARKET DYNAMICS
Saudi Arabia has introduced Ceer, the country's first electric vehicle brand, which will support the country's automobile manufacturing industry.
The launch is consistent with the Public Investment Fund's (PIF) policy, which focuses on developing local promising sectors' potential to generate economic diversification and further Vision's goals.
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The Saudi Arabian government's NEOM project is a bold endeavor to create a new metropolis that would serve as a hub for innovation, sustainability, and technological development.
NEOM will be more than 10,000 square miles in size and will be situated in Saudi Arabia's northwest near the Red Sea coast.
One million people will live in the metropolis, which will be totally powered by renewable energy sources.
COMPANY PROFILE
CEER
Foxconn
BMW
Lucid Group
Ford
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THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
How many Electric Vehicles are manufactured per annum in Saudi Arabia? Who are the sub-component suppliers in different regions?
Cost breakup of a Saudi Arabia Electric Vehicle and key vendor selection criteria
Where are the Electric Vehicles manufactured? What is the average margin per unit?
Market share of Saudi Arabia Electric Vehicle market manufacturers and their upcoming products
Cost advantage for OEMs who manufacture Saudi Arabia Electric Vehicle in-house
key predictions for next 5 years in Saudi Arabia Electric Vehicle market
Average B-2-B Electric Vehicle market price in all segments
Latest trends in Electric Vehicle market, by every market segment
The market size (both volume and value) of the Electric Vehicle market in 2022-2030 and every year in between?
Production breakup of Electric Vehicle market, by suppliers and their OEM relationship
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State: Karnataka
About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it's our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.
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