Middle East and Africa electric vehicle market is expected to register healthy CAGR in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027
Market Segmentation
By Component (Battery Cells & Packs, On-Board Charger, Infotainment System, Others), {(Propulsion Type (Plug-In Hybrid Electric Vehicles (PHEVs), Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), and Fuel Cell Electric Vehicles (FCEVs)}, Charging Station Type (Normal Charging, Super Charging), Class (Mid-Priced, Luxury), Power Train (Parallel Hybrid, Series Hybrid, Combined Hybrid), Vehicle Type (Passenger Cars, Two Wheelers, Commercial Vehicles), Country (Saudi Arabia, U.A.E, Egypt, Israel South Africa, Rest of Middle East and Africa), Market Trends and Forecast to 2027.
Major factors contributing to the growth of the Middle East and Africa electric vehicle market are:
- Increasing popularity of new age vehicles
- Growing number of EV models offered by automakers
Key Market Players
The key market players of the Middle East and Africa electric vehicle market are:
- Ford Motor Company
- General Motors
- AUDI AG
- Kia Motors Corporation
- Groupe Renault
- Groupe PSA
- SAIC Motor Corporation Limited
- JAC, Tesla
- Daimler AG
- BMW AG
- Hyundai Motor Company
- BYD Company Ltd.
- Continental AG
- TOYOTA MOTOR CORPORATION
- Nissan Motor Co., LTD.
- Volkswagen AG
- AB Volvo
- Honda Motor Co., Ltd.
