GCC Electric Vehicles Market Demand, Growth Analysis, Report 2025-2033

Electric Vehicles Market in GCC 2025:

How Big is the GCC Electric Vehicles Industry?

The GCC electric vehicles market size reached 40.3 Thousand Units in 2024. Looking forward, IMARC Group expects the market to reach 97.3 Thousand Units by 2033, exhibiting a growth rate (CAGR) of 9.3% during 2025-2033.

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: 40.3 Thousand Units

Market Size in 2033: 97.3 Thousand Units

Market Growth Rate (CAGR) 2025-2033: 9.3%

GCC Electric Vehicles Market Trends and Drivers:

Development of GCC electric vehicle market is affected by several factors including, energy policy security, foreign policy, [reaction to the rise in carbon emission reduction], and foreign policy, [reaction to the rise in employment numbers] etc. However, the present administration and associated agencies remain devoted to the promotion of EV, by providing financial assistance in the form of subsidies, which has the effect of financial assistance being partially subsidized through tax credits, free facilities for charge stations, and registration fees lower than typical and (many) other subsidies under which the user is effectively dropping an ICE vehicle. Sophisticated EV infrastructure (e.g., charging infrastructure, intelligent grids) is also another market driver for growth. In addition, due to the increased level of customers' concern for the environment, the price of gasoline is still increasing. Simultaneously, market facilitation of a strategic electric vehicle (EV) market expansion is facilitated by the expansion of the electric vehicle (EV) market itself, a market that is enabled by the extensive and high efficient solar and wind energy production from solar/wind integrated electricity power systems.

A significant area of growth in the GCC electric vehicle (EV) market is its fast pace technological adoption, due to steady progress in battery energy storage and devices, some of which have resulted in cost reduction and longer range vehicles. Different kinds of EVs, such as electric SUVs and super cars, are being presented to the rich consumers (i.e., high end consumers) in the region by automakers. In addition to parallel evolution of the same type of market, electric special public transport (electric bus and taxi) systems also appears to be undergoing a transformation in which the mission is to diminish urban pollution and to promote green transport. Furthermore, intermunicipal andT coordination between public authorities and industry are fostering innovation, in particular for EV infrastructure (e.g., supercapacitor fast charger, wireless charger). At the same time, there is a second market trend in the emergence of an autonomous "intelligent" road motor vehicle market, which, if the trend comes true, will lead to smart mobility offerings. The potential for electrifying them, spurred by policies and incentives, technological advancements, and an overall demand for environmentally friendly transportation is anticipated to continue growing.

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GCC Electric Vehicles Market Report Segmentation:

The report has segmented the market into the following categories:

By Component:

• Battery Cells and Packs

• On-Board Charger

• Fuel Stack

By Charging Type:

• Slow Charging

• Fast Charging

By Propulsion Type:

• Battery Electric Vehicle (BEV)

• Fuel Cell Electric Vehicle (FCEV)

• Plug-In Hybrid Electric Vehicle (PHEV)

• Hybrid Electric Vehicle (HEV)

By Vehicle Type:

• Passenger Vehicles

• Commercial Vehicles

• Others

By Country:

• Saudi Arabia

• UAE

• Qatar

• Bahrain

• Kuwait

• Oman

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Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. 

Key highlights of the Report:

• Market Performance (2019-2024)

• Market Outlook (2025-2033)

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• 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.

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 provide a comprehensive suite of market entry and expansion services. IMARC 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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