Saudi Arabia Electric Car Market by Product Type, Distribution Channel, End User 2024-2032
                     Saudi Arabia Electric 
Car Market Research 
and Forecast Report 
2024-2032
Format: PDF+EXCEL
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A c c o r d i n g  t o  t h e  l a t e s t  r e p o r t  b y  I M A R C  G r o u p ,  t i t l e d  " S a u d i  A r a b i a  E l e c t r i c  C a r  M a r k e t :  
I n d u s t r y  T r e n d s ,  S h a r e ,  S i z e ,  G r o w t h ,  O p p o r t u n i t y  a n d  F o r e c a s t  2 0 2 4 - 2 0 3 2 , "  t h e  S a u d i  A r a b i a  
e l e c t r i c  c a r  m a r k e t  s i z e  i s  p r o j e c t e d  t o  e x h i b i t  a  g r o w t h  r a t e  ( C A G R )  o f  1 7 . 8 1 %  d u r i n g  2 0 2 4 - 2 0 3 2 .
E l e c t r i c  c a r s ,  a l s o  k n o w n  a s  e l e c t r i c  v e h i c l e s  ( E V s ) ,  a r e  p r o p e l l e d  b y  o n e  o r  m o r e  e l e c t r i c  
Report m o t o r s ,  u s i n g  e n e r g y  t y p i c a l l y  s t o r e d  i n  r e c h a r g e a b l e  b a t t e r i e s .  T h i s  t y p e  o f  v e h i c l e  r e p r e s e n t s  a  s i g n i f i c a n t  d e p a r t u r e  f r o m  t r a d i t i o n a l  i n t e r n a l  c o m b u s t i o n  e n g i n e  v e h i c l e s  t h a t  u s e  d i e s e l  o r  
g a s o l i n e .  E l e c t r i c  c a r s  o f f e r  a  c l e a n e r  a l t e r n a t i v e ,  a s  t h e y  e m i t  n o  e x h a u s t  p o l l u t a n t s  a n d  r e d u c e  
Highlight and d e p e n d e n c y  o n  o i l .  T h e  c o m p o n e n t s  o f  e l e c t r i c  c a r s  i n c l u d e  t h e  e l e c t r i c  m o t o r ,  b a t t e r y ,  i n v e r t e r ,  a n d  a  s i n g l e - s p e e d  
g e a r b o x ,  w h i c h  c o l l e c t i v e l y  c o n t r i b u t e  t o  a  q u i e t e r  a n d  s m o o t h e r  o p e r a t i o n  t h a n  t h e i r  g a s o l i n e  
Description c o u n t e r p a r t s .  T h e  e f f i c i e n c y  o f  e l e c t r i c  c a r s  i s  g e n e r a l l y  h i g h e r ,  a s  e l e c t r i c  m o t o r s  c o n v e r t  o v e r  6 0 %  o f  t h e  e l e c t r i c a l  e n e r g y  f r o m  t h e  g r i d  t o  p o w e r  a t  t h e  w h e e l s ,  c o m p a r e d  t o  a b o u t  2 0 %  f o r  
g a s o l i n e  c a r s .  M o r e o v e r ,  e l e c t r i c  c a r s  a r e  c h a r a c t e r i z e d  b y  t h e i r  i n s t a n t  t o r q u e  d e l i v e r y ,  
p r o v i d i n g  q u i c k e r  a c c e l e r a t i o n  t h a n  t h a t  o f  t r a d i t i o n a l  v e h i c l e s .  I n  t e r m s  o f  m a i n t e n a n c e ,  e l e c t r i c  
c a r s  h a v e  f e w e r  m o v i n g  p a r t s ,  w h i c h  d e c r e a s e s  t h e  f r e q u e n c y  a n d  c o s t  o f  s e r v i c i n g .
R e q u e s t  f o r  a  P D F  s a m p l e  o f  t h i s  r e p o r t :  
h t t p s : / / w w w . i m a r c g r o u p . c o m / s a u d i - a r a b i a - e l e c t r i c - c a r - m a r k e t / r e q u e s t s a m p l e
Report Description
S a u d i  A r a b i a  E l e c t r i c  C a r  M a r k e t  T r e n d s :
I n  S a u d i  A r a b i a ,  t h e  e l e c t r i c  c a r  m a r k e t  i s  p o i s e d  f o r  s i g n i f i c a n t  g r o w t h ,  f u e l e d  b y  s e v e r a l  k e y  d r i v e r s  a n d  t r e n d s .  A s  p a r t  o f  i t s  V i s i o n  
2 0 3 0 ,  S a u d i  A r a b i a  i s  e m b r a c i n g  e c o n o m i c  d i v e r s i f i c a t i o n  a n d  s u s t a i n a b i l i t y ,  w h i c h  i n c l u d e s  r e d u c i n g  i t s  c a r b o n  f o o t p r i n t  a n d  
e n h a n c i n g  e n v i r o n m e n t a l  c o n s e r v a t i o n .  T h i s  s t r a t e g i c  v i s i o n  s t r o n g l y  s u p p o r t s  t h e  a d o p t i o n  o f  e l e c t r i c  v e h i c l e s  t o  a c h i e v e  t h e s e  g o a l s .  
T h e  S a u d i  g o v e r n m e n t  i s  a c t i v e l y  p r o m o t i n g  t h e  e l e c t r i c  c a r  i n d u s t r y  t h r o u g h  v a r i o u s  i n c e n t i v e s  s u c h  a s  s u b s i d i e s  f o r  e l e c t r i c  c a r  
p u r c h a s e s ,  i n v e s t m e n t s  i n  c h a r g i n g  i n f r a s t r u c t u r e ,  a n d  r e d u c t i o n s  i n  e l e c t r i c i t y  t a r i f f s  f o r  E V  c h a r g i n g  s t a t i o n s .  
A d d i t i o n a l l y ,  t h e  r a p i d  u r b a n i z a t i o n  i n  m a j o r  c i t i e s  l i k e  R i y a d h  a n d  J e d d a h  c r e a t e s  a  g r o w i n g  d e m a n d  f o r  m o r e  s u s t a i n a b l e  
t r a n s p o r t a t i o n  s o l u t i o n s .  E l e c t r i c  c a r s  a r e  s e e n  a s  a  v i t a l  c o m p o n e n t  i n  m a n a g i n g  u r b a n  a i r  q u a l i t y  a n d  r e d u c i n g  t r a f f i c - r e l a t e d  
e m i s s i o n s .  M o r e o v e r ,  t h e  r e c e n t  i n c r e a s e s  i n  f u e l  p r i c e s  h a v e  m a d e  e l e c t r i c  c a r s  a  m o r e  a t t r a c t i v e  o p t i o n  e c o n o m i c a l l y .  A n o t h e r  
s i g n i f i c a n t  t r e n d  i s  t h e  l o c a l  p r o d u c t i o n  a n d  i n n o v a t i o n  i n  t h e  e l e c t r i c  v e h i c l e  s e c t o r ,  w i t h  S a u d i  A r a b i a  a i m i n g  t o  b e c o m e  a  h u b  f o r  E V  
m a n u f a c t u r i n g .  T h i s  i s  a n t i c i p a t e d  t o  s a t i s f y  d o m e s t i c  d e m a n d  a n d  a l s o  t o  s e r v e  t h e  b r o a d e r  M i d d l e  E a s t e r n  m a r k e t s .  T h e  e n t r y  o f  
g l o b a l  e l e c t r i c  c a r  m a n u f a c t u r e r s  i n t o  t h e  S a u d i  m a r k e t ,  t h r o u g h  p a r t n e r s h i p s  a n d  c o l l a b o r a t i o n s  w i t h  l o c a l  f i r m s ,  f u r t h e r  a c c e l e r a t e s  
t h i s  g r o w t h  a n d  a l i g n s  w i t h  t h e  c o u n t r y ’ s  i n d u s t r i a l  e x p a n s i o n  g o a l s .  T h e s e  d r i v e r s  u n d e r s c o r e  a  d y n a m i c  e x p a n s i o n  o f  t h e  e l e c t r i c  c a r  
m a r k e t  i n  S a u d i  A r a b i a ,  r e f l e c t i n g  a  s h i f t  t o w a r d  m o r e  s u s t a i n a b l e  a n d  e c o n o m i c a l l y  v i a b l e  t r a n s p o r t a t i o n  o p t i o n s .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / s a u d i - a r a b i a - e l e c t r i c - c a r - m a r k e t
Type Insights:
• Battery Electr ic Vehicle
• Plug-In Hybrid Electr ic Vehicle
• Fuel Cel l  E lectr ic Vehicle
 
Vehicle Class Insights:
Report • Mid-Priced
Segmentation • Luxury
Drive Type Insights:
• Front Wheel Drive
• Rear Wheel Drive
• Al l -Wheel Drive
Regional Insights:
• Northern and Central  Region
• Western Region
• Eastern Region
• Southern Region
Report 
Segmentation
How has the Saudi Arabia electric car market performed 
so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Saudi 
Arabia electric car market?
What is the breakup of the Saudi Arabia electric car 
market on the basis of type?
Key 
What is the breakup of the Saudi Arabia electric car 
Questions market on the basis of vehicle class?
What is the breakup of the Saudi Arabia electric car 
Answered in market on the basis of drive type?
the Report What are the various stages in the value chain of the Saudi Arabia electric car market?
What are the key driving factors and challenges in the 
Saudi Arabia electric car?
What is the structure of the Saudi Arabia electric car 
market and who are the key players?
What is the degree of competition in the Saudi Arabia 
electric car market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4    S a u d i  A r a b i a  E l e c t r i c  C a r  M a r k e t  -  I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     M a r k e t  D y n a m i c s    4 . 3     I n d u s t r y  T r e n d s    4 . 4     C o m p e t i t i v e  I n t e l l i g e n c e
5    S a u d i  A r a b i a  E l e c t r i c  C a r  M a r k e t  L a n d s c a p e
    5 . 1     H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
    5 . 2     M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
6    S a u d i  A r a b i a  E l e c t r i c  C a r  M a r k e t  -  B r e a k u p  b y  T y p e
    6 . 1     B a t t e r y  E l e c t r i c  V e h i c l e
        6 . 1 . 1  O v e r v i e w
        6 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 2     P l u g - I n  H y b r i d  E l e c t r i c  V e h i c l e
        6 . 2 . 1  O v e r v i e w
        6 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 3     F u e l  C e l l  E l e c t r i c  V e h i c l e
        6 . 3 . 1  O v e r v i e w
        6 . 3 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
       
       6 . 3 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
7    S a u d i  A r a b i a  E l e c t r i c  C a r  M a r k e t  -  B r e a k u p  b y  V e h i c l e  C l a s s
    7 . 1     M i d - P r i c e d
        7 . 1 . 1  O v e r v i e w
        7 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    7 . 2     L u x u r y
        7 . 2 . 1  O v e r v i e w
        7 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
Table of 8    S a u d i  A r a b i a  E l e c t r i c  C a r  M a r k e t  -  B r e a k u p  b y  D r i v e  T y p e    8 . 1     F r o n t  W h e e l  D r i v e
        8 . 1 . 1  O v e r v i e w
        8 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
Contents         8 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    8 . 2     R e a r  W h e e l  D r i v e
        8 . 2 . 1  O v e r v i e w
        8 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        8 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    8 . 3     A l l - W h e e l  D r i v e
        8 . 3 . 1  O v e r v i e w
        8 . 3 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        8 . 3 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
9    S a u d i  A r a b i a  E l e c t r i c  C a r  M a r k e t  –  B r e a k u p  b y  R e g i o n
    9 . 1     N o r t h e r n  a n d  C e n t r a l  R e g i o n
        9 . 1 . 1  O v e r v i e w
        9 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m /s a ud i - a ra b ia -e l ec t r i c - c a r-m a rke t
/ t o c
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