Press release
Saudi Arabia Hybrid Electric Vehicle Market 2025 | Worth 800.2 Thousand Units by 2033
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: 120.3 Thousand Units
Market Forecast in 2033: 800.2 Thousand Units
Market Growth Rate 2025-2033: 22.26%
Saudi Arabia Hybrid Electric Vehicle Market Overview
The Saudi hybrid electric vehicle market is evolving through a mix of Vision 2030-led policies, infrastructure expansion, and continuing advancements in hybrid technology that enhance performance, efficiency, and costs. This combination is putting users into favorable conditions to adopt the technology and consolidating the role of Saudi Arabia in clean mobility.
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Saudi Arabia Hybrid Electric Vehicle Market Trends and Market Drivers
Key trends and drivers influencing the Saudi Arabia hybrid electric vehicle market include:
Government Initiatives and Vision 2030:
Saudi Arabia's increasing focus on sustainability is at the forefront of propelling the hybrid electric vehicle (HEV) market. Under Vision 2030, the nation is attempting to reduce its dependence on fossil fuels and diversify its economy through the promotion of green technologies. The government is rolling out a mix of incentives like tax relief, subsidies, and facilitatory regulations to promote the adoption of hybrid and electric vehicles (EVs). These policies are complemented with simultaneous investments in key infrastructure, reducing entry barriers for individuals and manufacturers looking to get into the HEV segment.
Expansion of Charging Infrastructure:
In 2025, E-FILL, Saudi Arabia's most prominent EV charging network, launched the rollout of its fast-charging stations throughout the Kingdom. The new stations, equipped with DC fast chargers, are situated in strategic cities such as Riyadh, Jeddah, and the Eastern Province, facilitating the adoption of electric mobility. The rollout is in line with Saudi Arabia's Vision 2030 to minimize carbon emissions and encourage the use of sustainable energy.
Saudi Arabia Hybrid Electric Vehicle Market Segmentation
1. By Propulsion Type
• Full Hybrids
• Mild Hybrids
• Plug-in Hybrids
• Others
2. By Configuration Type
• Series HEV
• Parallel HEV
• Combination HEV
3. By Vehicle Type
• Passenger Cars
• Commercial Vehicles
• Two-Wheelers
• Others
4. By Power Source
• Stored Electricity
• On-Board Electric Generator
5. By Region
• Central
• East
• West
• South
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Saudi Arabia Hybrid Electric Vehicle Market News
2025: E-FILL, Saudi Arabia's leading EV charging network, announced the expansion of its fast-charging stations across the Kingdom, featuring DC fast chargers in key cities like Riyadh, Jeddah, and the Eastern Province.
Key Highlights of the Report
1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Other report by IMARC Group
https://www.imarcgroup.com/saudi-arabia-cold-chain-logistics-market
https://www.imarcgroup.com/saudi-arabia-confectionery-market
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IMARC Group
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About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC's offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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