Jordan Electric Vehicle Market (2024-2030) | Industry, Companies, Trends, Revenue, Analysis, Forecast, Share, Size, Value, Growth

Topics Covered in the Jordan Electric Vehicle Market Report

The Jordan Electric Vehicle Market report thoroughly covers the market by propulsion, vehicle drive type, vehicle top speed and competitive landscape. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Jordan Electric Vehicle Market Synopsis

Jordan is home to a burgeoning electric vehicle market. The country is gradually shifting towards clean energy transportation as an answer to the effects of climate change. This emerging industry offers an incredible opportunity to transform Jordan's transportation sector and improve the quality of life for its citizens. However, Jordan also faces many infrastructure challenges in establishing a sustainable electric vehicle industry. The lack of research and development centres, charging stations, and an effective recycling system for batteries are only a few problems that the country is facing.

The government has been increasing investment in smart electric charging stations and increasing the number of e-car battery recycling facilities. The government has also initiated many new programs to develop battery technology research and development centres in the country. Moreover, one of the most significant challenges Jordan faces is the relatively small size of the domestic market for electric vehicles. Jordan is a small country, both in terms of land area and population. Thus, the EV market in Jordan is still in its infancy, making it an insignificant source of income for major automakers.

According to 6Wresearch, the Jordan Electric Vehicle Market size is projected to grow at a CAGR of 56.9% during 2024-2030. One major factor behind the growth of Jordan's electric vehicle market is the government's role in promoting cleaner transportation. The government has adopted several policies to promote electric vehicles, such as import tax exemptions, sales tax exemptions, and the reduction of customs fees. This has made electric vehicles more affordable and accessible to Jordanian citizens, with the bonus of reducing carbon emissions. Additionally, charging infrastructure is the backbone of the electric vehicle market, and the growth of electric vehicle sales depends largely on its availability. In Jordan, the government has installed numerous charging stations across the country, making it easier for electric vehicle owners to recharge their vehicles. Additionally, private companies have invested in installing charging stations, further improving the availability of charging infrastructure in the country.

Government Initiatives Introduced in the Jordan Electric Vehicle Market

The government has developed numerous policies over the past few years to promote the use of electric vehicles, such as waiving customs duties, taxes on electric vehicles, exempting electric vehicles from annual vehicle inspection fees and licensing fees, and earmarking a budget for the establishment of vehicle charging infrastructure throughout the country. Additionally, these efforts will build up Jordan Electric Vehicle (EV)ECU Market share in future. Furthermore, the Jordanian government aims to have about 7,000 charging stations spread across the country by 2025 to encourage private ownership of EVs.

Moreover, the electric cars in Jordan are more expensive than gasoline cars, resulting in the slow adoption of electric vehicles. As a result, the government is implementing incentive policies to encourage the purchase of EVs. Such as Waiving customs duties and taxes on electric vehicles, exempting electric vehicles from annual vehicle inspection fees and licensing fees, and offering low-interest loans to purchase EVs are some of these incentive policies.

Key Players in the Jordan Electric Vehicle Market

In recent years, several key players have invested in the Jordan EV market. One such player is the Jordanian Electric Vehicle Company (JEVCO), the first company in the Middle East to offer electric vehicle charging stations. The company is a reflection of the growing emphasis on EVs, and it has partnered with international companies like Renault to supply electric vehicles and establish more charging stations. Furthermore, the company has launched several initiatives aimed at revolutionizing the adoption of electric vehicles. Another prominent player in the Jordanian EV market is Nissan. The company launched the all-electric Nissan Leaf in Jordan in 2014, which was among the first EVs available in the country. The carmaker's investment in the country has been substantial, with several other significant auto players launching EVs in the country in recent years. Collectively the top few firms clutch momentous Europe Electric Vehicle Market share. 

Market by EV Propulsion

According to Ravi Bhandari, Research Head, 6Wresearch, the global automotive industry is going through a significant transformation due to the growing demand for electric vehicles. Jordan is no exception to this trend and is witnessing a surge in the sales of electric vehicles. Further, BEVs run entirely on electricity, and their sole source of energy is a rechargeable battery pack. They do not have internal combustion engines and operate silently. BEVs emit zero harmful pollutants, making them one of the most environmentally friendly options available to car buyers.

As battery technology continues to evolve, BEVs are continually increasing their driving range. In Jordan, the most popular BEV is the Nissan Leaf, which has a range of 168 miles on a single charge. BEVs have a long-term cost advantage because electricity is cheaper than gasoline in Jordan. Moreover, the government has waived the customs duty and sales tax for electric vehicles. BEVs can have level 1, 2, or 3 charging options, where level 3 charging allows the vehicle to be charged within 20-30 minutes to 80% full. Additionally, the PHEVs have both electric motors and internal combustion engines that work together to power the car. PHEVs can be charged externally and will use petrol or diesel if the battery is running low. PHEVs are environmentally friendly and emit less CO2 than the traditional gasoline-fueled vehicles. In Jordan, the popular PHEV is the Mitsubishi Outlander PHEV, which has an electric-only range of 28 miles and a total range of 310 miles.

Market by Vehicle Drive Type

The EV market in Jordan is still in its infancy stage but is expected to show a significant increase in the coming years due to the government's commitment to reducing CO2 emissions. Moreover, the Front-wheel drive (FWD) is the most common drive type that is used in EVs. FWD is a system where the power is transmitted to the front wheels. This type of drive system is advantageous as it provides better traction in wet and slippery conditions, is more fuel-efficient, and provides more space in the cabin due to the absence of a driveshaft. continent. Additionally, the FWD clenches massive Jordan Electric Vehicle Market revenues. Also, The Nissan LEAF, which is a popular EV in Jordan, uses a FWD system. Further, rear-wheel drive (RWD) is a drivetrain system where the power is transmitted to the rear wheels. RWD provides better handling and sporty driving experience, as the weight distribution is typically more towards the rear. This type of drive system is excellent for performance-oriented EVs like the Tesla Model S, which is still not widely available in Jordan.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Helight of The Report

• Jordan Electric Vehicle Market Outlook
• Market Size of Jordan Electric Vehicle Market, 2023
• Forecast of Jordan Electric Vehicle Market, 2030
• Historical Data and Forecast of Jordan Electric Vehicle Revenues & Volume for the Period 2020 - 2030
• Jordan Electric Vehicle Market Trend Evolution
• Jordan Electric Vehicle Market Drivers and Challenges
• Jordan Electric Vehicle Price Trends
• Jordan Electric Vehicle Porter's Five Forces
• Jordan Electric Vehicle Industry Life Cycle
• Historical Data and Forecast of Jordan Electric Vehicle Market Revenues & Volume By Propulsion for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Electric Vehicle Market Revenues & Volume By BEV for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Electric Vehicle Market Revenues & Volume By PHEV for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Electric Vehicle Market Revenues & Volume By FCEV for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Electric Vehicle Market Revenues & Volume By Vehicle Drive Type for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Electric Vehicle Market Revenues & Volume By FWD for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Electric Vehicle Market Revenues & Volume By RWD for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Electric Vehicle Market Revenues & Volume By AWD for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Electric Vehicle Market Revenues & Volume By Vehicle Top Speed for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Electric Vehicle Market Revenues & Volume By <125 mph for the Period 2020 - 2030
• Historical Data and Forecast of Jordan Electric Vehicle Market Revenues & Volume By >125 mph for the Period 2020 - 2030
• Jordan Electric Vehicle Import Export Trade Statistics
• Market Opportunity Assessment By Propulsion
• Market Opportunity Assessment By Vehicle Drive Type
• Market Opportunity Assessment By Vehicle Top Speed
• Jordan Electric Vehicle Top Companies Market Share
• Jordan Electric Vehicle Competitive Benchmarking By Technical and Operational Parameters
• Jordan Electric Vehicle Company Profiles
• Jordan Electric Vehicle Key Strategic Recommendations

Markets Covered

The Nigeria Electric Vehicle Market report provides a detailed analysis of the following market segments:

By Propulsion

• BEV
• PHEV
• FCEV

By Vehicle Drive Type

• FWD
• RWD
• AWD

By Vehicle Top Speed

• <125 Mph
• >125 Mph