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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
An electric motor replaces the internal combustion engine in all-electric vehicles, often known as battery electric vehicles (BEVs). The electric motor of the vehicle is powered by a sizable traction battery pack, which must be hooked into a wall outlet or charging apparatus, also known as electric vehicle supply apparatus (EVSE).
The car does not have a tailpipe or any usual liquid fuel components like a fuel tank, fuel line, or fuel pump because it is an electric vehicle.Electric Vehicles seem to be the way of the future of transportation. Electric vehicles are becoming more and more popular around the world, and the industry is unquestionably on the upswing.
The Saudi Arabia EV Components Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
The Saudi Basic Industries Corporation (SABIC) has started a new programme to aid in the advancement of battery performance in electric car technologies. SABIC will enhance battery performance using its cutting-edge thermoplastics.
By reducing overall weight, the materials are superior to the metals now utilised in electric vehicles. Additionally, Bluehero makes use of the business' expertise in polymer flame interaction, large part moulding, compression moulding, and these sophisticated injection moulding techniques.
According to SABIC, the Bluehero programme will be expanded to support the growth of the energy storage, charging infrastructure, and other relevant industries.
Avass Group, based in Australia, recently disclosed that it has inked a contract with Saudi Arabia to produce lithium batteries and electric vehicles together.
A Memorandum of Understanding has been approved by the Group (MoU). The arrangement supports Avass Group's intentions to produce lithium batteries and entire electric buses in large quantities in Saudi Arabia.
The alliance is the result of thinking about the strategic advantage Saudi Arabia enjoys because of its location in the middle of both Asia and Europe.
By signing a front-end engineering design agreement with Wood Group subsidiary Mustang and Faisal Jameel Al, Consulting Engineering Business, battery chemicals and technology company EV Metals Group has taken a step toward building its anticipated lithium chemicals plant in Saudi Arabia.
| 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, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 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, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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