UAE Electric Vehicle Market Report 2019-2025 Featuring BMW, GM, Groupe Renault, Hyundai, Tesla, VW

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Aug 23, 2019, 12:45 ET

DUBLIN, Aug. 23, 2019 /PRNewswire/ -- The "UAE Electric Vehicle Market (2019-2025): Market Forecast By Vehicle Types (Passenger Vehicle, Two-Wheeler, Bus and Truck), By Regions (Dubai, Abu Dhabi and Rest of Emirates) and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

UAE electric vehicle market is projected to grow at a CAGR of 32.1% during 2019-25.

Government policies and incentives for electric vehicles, along with the support of government authorities and private companies in developing EV infrastructure would drive the market for electric vehicles in the UAE. Additionally, new models of electric vehicles such as Nissan LEAF and Peugeot are expected to launch by 2020 would also contribute to the rise in demand for electric vehicles in the UAE.

Under UAE Vision 2021, the government is encouraging the adoption of electric vehicles in the country. In addition to this, Dubai Electricity and Water Authority (DEWA) and Road Transport Authority (RTA) are working together for the development of electric vehicle market in the country by installing charging stations and providing incentives such as free parking and exemption from toll and registration fees.

Dubai acquired the highest market share as compared to other Emirates in the country owing to the better electric vehicle supporting infrastructure such as charging stations. Additionally, authorities and private companies are working towards improving the charging technology which would reduce the charging time for electric vehicles.

This, in turn, would create a suitable environment for the growth of electric vehicles across the country.

Some of the key players in the UAE electric vehicle market include - Tesla, Inc., Hyundai Motor Company, Volkswagen Motor Company LTM, Bayerische Motoren Werke AG, and others.

The report comprehensively covers the market by vehicle types and regions. The report provides an unbiased and detailed analysis of the market trends, opportunities, high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

Market Size and Market Forecast, until 2025
Historical Data of UAE Electric Vehicle Market Revenues for the Period, 2015-2018
Market Size & Forecast of UAE Electric Vehicle Market Revenues, until 2025F
Historical Data of UAE Electric Vehicle Market Revenues by Vehicle Type for the Period, 2015-2018
Market Size & Forecast of UAE Electric Vehicle Market Revenues by Vehicle Type, until 2025F
Historical Data of UAE Electric Vehicle Market Revenues by Region for the Period, 2015-2018
Market Size & UAE Electric Vehicle Market Forecast by Region, until 2025F
Market Drivers and Restraints
Market Trends
Market Overview on Competitive Benchmarking
Competitive Landscape
Market Share, By Players
Company Profiles
Key Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

By Vehicle Types

Passenger Vehicle
Two-Wheeler
Bus
Truck

By Regions

Dubai
Abu Dhabi
Rest of Emirates

Companies Mentioned

Bayerische Motoren Werke AG
General Motors Company
Groupe Renault
Hyundai Motor Company
Tesla, Inc.
Volkswagen Motor Company LTM

For more information about this report visit https://www.researchandmarkets.com/r/t54hqv

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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