From Oil to Electrons: Can Saudi Arabia Lead the Green Mobility Race

The Saudi Arabia EV market was valued at USD 2,259 Million in 2024 and is projected to grow to USD 11,500 Million by 2030, with a compound annual growth rate (CAGR) of 33.1% from 2025 to 2030.

The Saudi Arabia EV market is undergoing significant transformation, driven by a growing interest in sustainable transportation solutions and heightened environmental awareness. As urbanization increases and the demand for cleaner mobility rises, the EV ecosystem is expanding to include automotive manufacturers, government agencies, utility providers, and technology firms. These stakeholders are working together to create a robust supply chain that supports vehicle imports, local assembly, battery storage systems, and integrated charging networks.

For complete details on Saudi Arabia EV market visit:https://marksparksolutions.com/reports/saudi-arabia-ev-market

Key Insights
In terms of Vehicle Type, the Passenger Vehicles accounted for a major share of 80% in 2024. In the Saudi Arabia EV Market, the Passenger Vehicles segment leads in terms of vehicle types. This dominance is fueled by a growing consumer interest in sustainable personal transportation, government incentives, and increased investments in EV infrastructure, such as charging stations.

What key pointers does our report focus:
Market Overview and Evolution

EV Market Size (Value & Volume) and Forecast

Segmentation by Vehicle Type (Passenger, Commercial, Two-Wheelers)

Segmentation by Propulsion Type (BEV, PHEV, HEV)

Charging Infrastructure Landscape

Government Regulations and Incentives

Vision 2030 and EV Policy Framework

Key Market Drivers and Restraints

Emerging Trends and Innovations

SWOT Analysis of the EV Industry

Competitive Landscape and Key Player Profiles

OEM Strategies and Joint Ventures

Import/Export and Supply Chain Analysis

EV Battery Market and Localization Potential

Price Trends and Cost Analysis

EV Adoption Barriers and Consumer Perceptions

Role of Public and Private Investment

Roadmap for EV Manufacturing in Saudi Arabia

Strategic Recommendations for Stakeholders

Impact of Global EV Trends on Saudi Market

Regional Analysis Within KSA (Riyadh, Jeddah, Dammam, etc.)

Fleet Electrification and Commercial Vehicle Outlook

Aftermarket Services and Maintenance Potential

Collaborations with International EV Brands

EV Startups and Innovation Hubs in Saudi Arabia

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