February 2020

Shift to Electric Vehicles – How will it impact GCC Automobiles Sector

Price : $500

Industry Research Report

Pages : 23

Executive Summary

Automobiles have a prominent place in the life of GCC residents and the sector’s prominence was supported with subsidized fuel prices given the abundant availability of fossil fuels in the region. The automobile market in the GCC countries boasts of the presence of all top international brands operating in the region for decades. GCC does not have automobile manufacturing facilities, but it is presently taking small steps in this direction.

As part of the larger drive to move away from subsidized goods and services towards market prices, Saudi Arabia and other GCC countries have hiked motor fuel prices in recent years and the markets are expected to see full implementation of market prices for motor fuels in the next few years. Therefore, like in the rest of the world Electric Vehicles (EVs) have entered the automobile market. The EVs are found to have advantage of lower fuel cost (electricity cost per km) and lower maintenance costs, while the manufacturing cost of EV is coming down and miles per recharge are going up with improvements in battery technology. More important than the fuel economy is the global initiative to switch to use of electric Vehicles (EV) in place of conventional IC engine-based automobiles with a view to reduce carbon emissions as part of the goal of Climate control and clean environment. Consequently, there is an encouragement by the governments including from those in the GCC to promote shift to Electric Vehicles.

Table of Content

  • Executive Summary
  • Electric Vehicles Market – Impact Analysis
    1. Why Electric Vehicles over Gasoline fueled Automobiles
    2. Plans of International Vehicle Manufacturers for Electric Vehicles
    3. Electric Vehicle Purchases influenced by Gasoline Prices
    4. Global Electric Vehicles Market Share (2015-2040)
    5. Electric Vehicles Characteristics considered Important by Consumers
    6. Technological Advancement helping shift to Electric Vehicles
    7. Current Status of Electric Vehicles Shift in the GCC Markets
  • Demand Forecast for Electric Vehicles in GCC
    1. Demand Forecast for Electric Vehicles in Saudi Arabia
    2. Demand Forecast for Electric Vehicles in UAE
    3. Demand Forecast for Electric Vehicles in Kuwait
    4. Demand Forecast for Electric Vehicles in Qatar
    5. Demand Forecast for Electric Vehicles in Oman
    6. Demand Forecast for Electric Vehicles in Bahrain

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Experienced and qualified team of Marmore MENA Intelligence has prepared this report. Since its inception, Marmore has published over 1000 research reports and covered more than 25 varied industries and policy segments; all focused primarily on the GCC economies.

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The report spans 23 pages

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