Top 10 Companies in the UAE Electric Vehicle (EV) Market | Manufacturers & With official Website 2024

Top 10 Companies in the  UAE Electric Vehicle (EV) Market

The UAE electric vehicle market has seen significant growth in recent years on the back of the efforts of key players in the industry. Companies have played a crucial role in promoting and expanding the adoption of electric vehicles in the country. One of the major contributions by key players is their investment in building charging infrastructure for electric vehicles. This includes setting up charging stations at strategic locations like shopping malls, hotels, and public parking lots. By providing convenient access to charging facilities, they have assisted in eliminating range anxiety among potential EV buyers and encouraged more people to make the switch to electric vehicles.

In addition, companies have also been actively involved in spreading awareness about the benefits of driving an electric vehicle. Through numerous marketing campaigns and events, they have highlighted the cost savings, environmental benefits, and advanced technology of electric vehicles. This has helped dispel myths and misconceptions surrounding EVs and increased consumer knowledge about their advantages. As per 6Wresearch, the UAE Electric Vehicle Market is projected to grow at a CAGR of 24.2% during 2022-2028.

List of Leading Companies in the UAE Electric Vehicle (EV) Market

1. Nissan Motor Co, Ltd.

Nissan Motor Co., Ltd., headquartered in Japan, was established in 1933. The company plans to achieve carbon neutrality with the electrification of all its vehicles in the coming years. The company operates in several Middle East countries including UAE, Saudi Arabia, Kuwait, Bahrain and many others.

2. Tesla, Inc.

Tesla, Inc. is an American electric vehicle company headquartered in Palo Alto, California, United States. The company operates in Middle East region through its Tesla store in Dubai, UAE.

3. Hyundai Motor Company

Hyundai Motor Company headquartered in Seoul, South Korea was established in 1967. The company has six overseas plants in the U.S., India, China, Turkey, Czech Republic and Russia at present.

4. Toyota Motor Corporation

Toyota Motor Corporation is a Japanese automotive company headquartered in Toyota City, Japan. It produces automobiles in 67 manufacturing facilities across the world. Toyota has approximately 70 distinct models sold including vehicles, roadsters, vans, trucks, mixtures, and crossovers. The company operates in the Middle East region through its sales network comprising of 14 distributors.

5. The Volkswagen AG

The Volkswagen Ag is an automobile company headquartered in Germany. It majorly manufactures sports cars, SUVs, sedans and electric cars. Porsche Taycan was its first electric car launched in January 2021 in the global market. The company further plans to launch more than 25 electric cars by 2025.

6. General Motors Company

General Motors Company is an American multinational company headquartered in Michigan, United States. It designs and manufactures trucks, crossovers, electric vehicles and automobile parts all around the world. The company plans to offer 30 electric vehicle models globally by 2025.

7. Lucid Group, Inc.

Lucid Motors, Inc., is an American electric vehicle manufacturing company headquartered in California involved in designing and manufacturing electric vehicles, electric powertrains, and battery systems. The company announced setting up its manufacturing plant in Saudi Arabia by 2024 after it received an investment of $1 billion from Saudi Arabia’s Public Investment Fund.

8. Zhengzhou Yutong Bus Co. Ltd.

Yutong Bus Co. Ltd. headquartered in China, is a manufacturer of commercial buses. The company received an order to supply 1,002 electric buses for the upcoming FIFA World Cup to be held in Qatar by the year 2022.

9. One Moto

One Moto is a British mobility company headquartered in the United Kingdom that deals in electric motorcycles, bikes, and scooters. The technologies that are used by One Moto are Google Global Site Tag, google cloud platform, WordPress.Org, and Google Font API.

10. Morris Garage

Morris Garage is the subsidiary of SIAC Motors established in 1924, headquartered in the United Kingdom. The company is specialized in automobiles including Mg hector, MG5 electric car, MG3 and MGZS.

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