Middle East And Africa Electric Vehicle Market 2021-2026

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    MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET 

     

    OVERVIEW

    Countries such as UAE, Saudi Arab, South Africa, and the rest of the Middle East and Africa. These countries have hot climates and reach peak temperature around the world in summers. Group of countries comes under this region also known as MENA (Middle East and North Africa).

     

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    As mentioned, its hot climate and continuous use of conventional sources of energy for transportation increases the overall temperature and leads to an increase in surrounding temperature. The dependency of Arab countries for fossil fuel needs to be shifted, although these countries’ economies are driven by fossil fuels.  Africa has shown a sharp increase in shifting towards electrification.

     

    MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET DYNAMICS

    There are many countries in the middle east which are in nascent stage in the field of Electric vehicles whereas countries like Dubai, UAE, Saudi Arab is already having a lot of growth and development in term of infrastructure, charging station incentives for customer, different attractive schemes, etc.

     

    Israel’s Electric vehicles market sales have a much better scope if compared to other countries as the size of the country is less that can be seen as the advantages for the manufacturer and companies can introduce the EV of that range segment in the market.

     

    Algerian Government is asking their people to move towards hybrid and electric vehicles in the coming future.

     

    Qatar General Electricity and Water Corporation (Kahramaa) represented by the National Program for Conservation and Energy Efficiency (Tarsheed) have launched the Electric Vehicles and Charging Infrastructure Guideline in the State of Qatar on its official website.

     

    UAE has decided to introduce 200 Tesla EVs in their Dubai Taxi Market as the sign and promoting green mobility in the coming future. AS the solar energy available in the country is in abundance the solar roof panel will be installed on the charging station to provide the charging facility.

     

    Africa as one of the biggest continents still lag when discussing the EV market due to their infrastructure, road, and other factors. The government of African continent is still lagging to provide a road map of the country for shifting from conventional engine vehicles to electric vehicles as the other countries’ norm and subsidy continuously improves and changes the African countries are far less concerned.

     

    Electric vehicles count in Dubai’s government organizations was 258 vehicles, while the number of hybrids has reached almost 2600.

     

    MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET SEGMENTATION

     

    By Technology

    • Hybrid Electric Vehicles
    • Plug-In Electric Vehicles
    • Battery Electric Vehicles

     

    By Vehicle Type

    • Passenger Vehicles
    • Commercial Vehicles
    • Two Wheelers
    • Others

     

    By Powertrain

    • Series Hybrid
    • Parallel Hybrid
    • Combined Hybrid

     

    By Class

    • Mid-Priced
    • Luxury

     

    By Top Speed

    • Less than 125mph
    • More than 125mph

     

    By Vehicle Drive Type

    • Front Wheel Drive
    • Rear Wheel Drive
    • All-Wheel Drive

     

    EFFECT OF COVID ON MIDDLE EAST AND AFRICA ELECTRIC VEHICLE

    As many countries in the Middle East and Africa come under the category of underdeveloped and developing countries, they had a very huge impact due to COVID Lockdown and unemployment has increased to new high. Many arab countries are mainly driven by tourism and crude oil export but due to travel restrictions these activities were in total halt and huge crash on crude oil price in march 2020 and deeply the unbalanced forces on their economy.

     

    MIDDLE EAST AND AFRICA ELECTRIC VEHICLES MARKET SIZE AND FORECAST

    The Middle east and Africa Electric Vehicle market size is estimated to be US $ XX Billion in 2020 and the growth rate of XX% by the year 2026. The countries like Saudi Arab, Dubai are importing number of electric vehicle for tourism market and partnering with different player for installation of infrastructure for charging station as well.

     

    The Emirate of Sharjah has ordered 50 semi-electric trucks from Tesla to be added into the waste management system fleet by the end of 2020. Sharjah has proposed that electric vehicle owners can charge their fleet for free till 2025, as an attractive package for a person who is interested in buying an EV.

     

    The UAE market is expected to grow XX% by the end of 2025. The Dubai electricity and water authority and road transport authority are working hand in hand to install charging facilities and provide attractive incentives to potential customers like exemption of parking fees, toll exemption and no registration fees. Some important players in the EV market in UAE are Hyundai Motor Company, Tesla, BMW, etc.

     

    Africa is still in its infant stage for the introduction of Electric vehicles in its market. The government is least concerned about emission activities.

     

    The South African government has issued a draft policy paper by the Department of Trade and Industry focusing on development of technologies by industries for electric vehicles.

     

    The transition of middle east countries will not only lead them to go with the technological era but will ultimately help out to reduce the pollution level in their country.

     

    KEY PLAYERS OF MIDDLE EAST AND AFRICA ELECTRIC VEHICLES

    S.No Company Founded Country Purpose
    1 StoreDot 2012 Israel Development of nano and organic compound based multi-purpose batteries
    2 Phinergy 2008 Israel Metal air battery technology for EVs
    3 Driivz 2012 Israel Charging management platform
    4 REE 2011 Israel Manufacturer of four-wheeler platform for electric and autonomous vehicles
    5 EVR Motor 2012 Israel Developer of motors for multi-category electric vehicles
    6 Lucid Motors 2007 U.S. Developing electric vehicle in Saudi arab
    7 Tesla 2003 U.S. Shipping their product to middle east countries
    8  BMW  1916 Germany High end electric car

     

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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