middle east and africa electric vehicle market

Middle East and Africa Electric Vehicle Market - Industry Trends and Forecast to 2030

  • Published Date: 2023-08-18
  • Report ID: 145002
  • Pages: 250
  • Format: prudent report format

Middle East and Africa electric vehicle market is projected to register a CAGR of 28.1% in the forecast period of 2023 to 2030. The new market report contains data for the historic year 2021, the base year of calculation is 2022, and the forecast period is 2023 to 2030.

Market Segmentation:

Middle East and Africa Electric Vehicle Market, By Propulsion Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV), and ICE and Micro Hybrid Vehicle), Vehicle Drive Type (FWD, RWD, and AWD), Vehicle Speed (Less Than 100 MPH, 100 To 125 MPH, and More Than 125 MPH), Vehicle Class (Mid-Priced and Luxury), Sales Channel (OEM and Aftermarket), Power Output (Less Than 100 KW, 100 To 250 KW, and More Than 25O KW), Electric Motor Type (Brushless DC Motors, Permanent Magnet Synchronous Motors, DC Motors, and Three Phase Induction Motors), Voltage Range (Less Than 48 Volt and More Than 48 Volt), Charging Station Type (Normal Charging and Super Charging), Connectivity Type (V2G, V2X, V2V, and V2B or V2H), Power Train (Series Hybrid, Parallel Hybrid, and Combined Hybrid), Vehicle Type (Passenger Cars, Commercial Vehicle, and Two Wheelers), Battery Type (Lithium Ion, Nickel Metal Hydride, Solid State, Lead Acid, and Sodium Ion Battery), Battery Form (Prismatic, Pouch, and Cylindrical), Country (Saudi Arabia, U.A.E., Bahrain, Qatar, Oman, Egypt, Kuwait and Rest of Middle East and Africa) Industry Trends and Forecast to 2030



Some of the major factors contributing to the growth of the Middle East and Africa electric vehicle market are:

Increase in demand for electric vehicles
Incentives and subsidies by the government for thermal batteries in electric vehicles

Market Players
Some of the major players operating in the Middle East and Africa electric vehicle market are:
Tesla
Toyota Motor Corporation
Ford Motor Company
Mercedes-Benz Group AG
Lucid Group, Inc.
Geely Automobile Holdings Limited.
JAGUAR LAND ROVER AUTOMOTIVE PLC
BMW AG
Hyundai Motor Company
BYD Company Ltd.
Nissan Motor Co., Ltd.
MITSUBISHI MOTORS CORPORATION
Mahindra & Mahindra Ltd
MG MOTOR
Renault Group
General Motors Company



TABLE OF CONTENTS
1 INTRODUCTION 32
1.1 OBJECTIVES OF THE STUDY 32
1.2 MARKET DEFINITION 32
1.3 OVERVIEW OF THE MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET 32
1.4 CURRENCY AND PRICING 35
1.5 LIMITATIONS 35
1.6 MARKETS COVERED 35
2 MARKET SEGMENTATION 38
2.1 MARKETS COVERED 38
2.2 GEOGRAPHICAL SCOPE 39
2.3 YEARS CONSIDERED FOR THE STUDY 39
2.4 EHAIL TECHNOLOGIES TRIPOD DATA VALIDATION MODEL 40
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 43
2.6 EHAIL TECHNOLOGIES MARKET POSITION GRID 44
2.7 THE MARKET CHALLENGE MATRIX 46
2.8 MULTIVARIATE MODELING 47
2.9 TYPE TIMELINE CURVE 48
2.10 SECONDARY SOURCES 49
2.11 ASSUMPTIONS 49
3 EXECUTIVE SUMMARY 50
4 PREMIUM INSIGHTS 54
4.1 XPENG INC. BRAND AND COST ANALYSIS AND POSITIONING IN THE GLOBAL MARKET 55
4.2 OPPORTUNITIES FOR MARKET INTRODUCTION OF THE XPENG BRAND IN THE MIDDLE EAST AND AFRICA 57
4.3 BRAND ANALYSIS OF XPENG INC. 59
4.4 PORTERS FIVE FORCE MODEL 62
4.5 TECHNOLOGICAL ADVANCEMENT 63
4.5.1 CHARGING TECHNOLOGY 63
4.5.2 AUTONOMOUS DRIVING 63
4.5.3 BATTERY TECHNOLOGY 64
4.6 REGULATORY STANDARDS 64
4.6.1 UAE 64
4.6.2 SAUDI ARABIA 66
4.6.3 EGYPT 66
4.7 SUPPLY CHAIN ANALYSIS 67
4.8 PESTLE ANALYSIS 67
4.8.1 POLITICAL FACTORS 67
4.8.2 ECONOMIC FACTORS 68
4.8.3 SOCIAL FACTORS 68
4.8.4 TECHNOLOGICAL FACTORS: 68
4.8.5 ENVIRONMENTAL FACTORS: 68
4.8.6 LEGAL FACTORS: 69
4.9 VENDOR SELECTION CRITERIA 69
4.10 COMPANY/BRAND COMPARATIVE ANALYSIS 69
4.10.1 BRAND COMPARATIVE ANALYSIS 69
4.10.2 TESLA 69
4.10.3 AUDI 70
4.10.4 TOYOTA 70
4.11 RAW MATERIAL PRODUCTION COVERAGE 71
4.12 SCENARIO-BASED ON PRODUCT ADOPTION 71
4.13 CONSUMER BEHAVIOUR PATTERN 72
4.14 FACTORS INFLUENCING THE BUYING DECISION 72
4.15 GOVERNMENT INCENTIVES TOWARD ELECTRIC VEHICLE 74
4.15.1 SOUTH AFRICA 74
4.15.2 EGYPT 74
4.16 TOP SELLING EV MODEL SALES IN 2022 75
4.17 PRICING ANALYSIS AND PROPOSED MANUFACTURERS SUGGESTED RETAIL PRICE (MSRP) OF VARIOUS BRANDS OFFERING ELECTRIC VEHICLES 80
4.18 MARKETING STRATEGY OF MAJOR PLAYERS 84
4.19 SALES DATA OF ELECTRIC VEHICLES IN THE MIDDLE EAST AND AFRICA REGION 87
4.20 AVAILABILITY OF CHARGING STATION INFRASTRUCTURE IN THE MIDDLE EAST AND AFRICA REGION 88
5 MARKET OVERVIEW 89
5.1 DRIVERS 91
5.1.1 INCREASE IN DEMAND FOR ELECTRIC VEHICLES 91
5.1.2 INCENTIVES & SUBSIDIES BY THE GOVERNMENT FOR ELECTRIC VEHICLES 91
5.1.3 INCREASE IN ENVIRONMENTAL CONCERNS 92
5.1.4 GOVERNMENT INITIATIVES TO REDUCE EMISSION LEVELS 92
5.1.5 HIGH FLUCTUATION IN FUEL PRICES 93
5.2 RESTRAINTS 94
5.2.1 HIGH UPFRONT COST 94
5.2.2 LACK OF CHARGING INFRASTRUCTURE FOR ELECTRIC VEHICLES IN THE MEA REGION 94
5.3 OPPORTUNITIES 95
5.3.1 CLOUD BASED CHARGING STATIONS (SMART ELECTRIC VEHICLE CHARGING) 95
5.3.2 ADOPTION OF NEW TECHNOLOGIES IN LITHIUM-ION BATTERIES 95
5.4 CHALLENGE 96
5.4.1 BATTERY PERFORMANCE IN DIFFERENT ENVIRONMENTAL CONDITIONS 96
5.4.2 LACK OF CHARGING INFRASTRUCTURE FOR ELECTRIC VEHICLES IN UNDERDEVELOPED COUNTRIES 96
6 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY PROPULSION TYPE 97
6.1 OVERVIEW 98
6.2 BATTERY ELECTRIC VEHICLE (BEV) 99
6.2.1 LESS THAN 100 KW 100
6.2.2 100 TO 250 KW 100
6.2.3 MORE THAN 250 KW 100
6.3 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) 100
6.3.1 LESS THAN 100 KW 101
6.3.2 100 TO 250 KW 101
6.3.3 MORE THAN 250 KW 101
6.4 FUEL CELL ELECTRIC VEHICLE (FCEV) 101
6.4.1 LESS THAN 100 KW 102
6.4.2 100 TO 250 KW 102
6.4.3 MORE THAN 250 KW 102
6.5 ICE AND MICRO HYBRID VEHICLE 102
6.5.1 LESS THAN 100 KW 103
6.5.2 100 TO 250 KW 103
6.5.3 MORE THAN 250 KW 103
7 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY VEHICLE DRIVE TYPE 104
7.1 OVERVIEW 105
7.2 FWD 106
7.3 RWD 106
7.4 AWD 106
8 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY VEHICLE SPEED 107
8.1 OVERVIEW 108
8.2 LESS THAN 100 MPH 109
8.3 100 TO 125 MPH 109
8.4 MORE THAN 125 MPH 109
9 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS 110
9.1 OVERVIEW 111
9.2 MID-PRICED 112
9.3 LUXURY 112
10 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY SALES CHANNEL 113
10.1 OVERVIEW 114
10.2 OEM 115
10.3 AFTERMARKET 115
11 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY POWER OUTPUT 116
11.1 OVERVIEW 117
11.2 LESS THAN 100 KW 118
11.3 100 TO 250 KW 118
11.4 MORE THAN 250 KW 118
12 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY ELECTRIC MOTOR TYPE 119
12.1 OVERVIEW 120
12.2 BRUSHLESS DC MOTORS 121
12.3 PERMANENT MAGNET SYNCHRONOUS MOTORS 121
12.4 DC MOTORS 121
12.5 THREE PHASE INDUCTION MOTORS 122
13 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY VOLTAGE RANGE 123
13.1 OVERVIEW 124
13.2 LESS THAN 48 VOLT 125
13.3 MORE THAN 48 VOLT 125
14 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY CHARGING STATION TYPE 126
14.1 OVERVIEW 127
14.2 NORMAL CHARGING 128
14.2.1 LEVEL 2 129
14.2.2 LEVEL 3 129
14.2.3 LEVEL 1 129
14.3 SUPER CHARGING 129
14.3.1 LEVEL 3 130
14.3.2 LEVEL 2 130
14.3.3 LEVEL 1 130
15 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY CONNECTIVITY TYPE 131
15.1 OVERVIEW 132
15.2 V2G 133
15.3 V2X 133
15.4 V2V 133
15.5 V2B OR V2H 133
16 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY POWER TRAIN 134
16.1 OVERVIEW 135
16.2 SERIES HYBRID 136
16.3 PARALLEL HYBRID 136
16.4 COMBINED HYBRID 136
17 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 137
17.1 OVERVIEW 138
17.2 PASSENGER CARS 139
17.2.1 HATCHBACK 140
17.2.2 SEDAN 140
17.2.3 SUV 140
17.2.4 COUPE 140
17.2.5 MUV 140
17.2.6 SPORTS CAR 141
17.2.7 CONVERTIBLE 141
17.2.8 OTHERS 141
17.3 COMMERCIAL VEHICLE 141
17.3.1 LIGHT COMMERCIAL VEHICLE (LCV) 142
17.3.1.1 VANS 142
17.3.1.2 MINI BUS 142
17.3.1.3 PICK UP TRUCKS 142
17.3.1.4 OTHERS 143
17.3.2 HEAVY COMMERCIAL VEHICLE (HCV) 143
17.3.2.1 BUS 143
17.3.2.2 TRUCKS 143
17.4 TWO WHEELER 143
18 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY BATTERY FORM 144
18.1 OVERVIEW 145
18.2 PRISMATIC 146
18.3 POUCH 146
18.4 CYLINDRICAL 146
19 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY BATTERY TYPE 147
19.1 OVERVIEW 148
19.2 LITHIUM ION 149
19.3 NICKEL METAL HYDRIDE 149
19.4 SOLID STATE 150
19.5 LEAD ACID 150
19.6 SODIUM ION BATTERY 150
20 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY COUNTRY 151
20.1 SAUDI ARABIA 157
20.2 U.A.E. 170
20.3 BAHRAIN 183
20.4 QATAR 196
20.5 KUWAIT 209
20.6 EGYPT 222
20.7 OMAN 235
20.8 REST OF MIDDLE EAST & AFRICA 248
21 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET: COMPANY LANDSCAPE 249
21.1 COMPANY SHARE ANALYSIS: MIDDLE EAST AND ARICA 249
22 SWOT ANALYSIS 250
23 COMPANY PROFILE 251
23.1 XPENG INC. 251
23.1.1 COMPANY SNAPSHOT 251
23.1.2 REVENUE ANALYSIS 252
23.1.3 PRODUCT PORTFOLIO 252
23.1.4 RECENT DEVELOPMENTS 253
23.2 TESLA 254
23.2.1 COMPANY SNAPSHOT 254
23.2.2 REVENUE ANALYSIS 254
23.2.3 PRODUCT PORTFOLIO 254
23.2.4 RECENT DEVELOPMENT 255
23.3 TOYOTA MOTOR CORPORATION 256
23.3.1 COMPANY SNAPSHOT 256
23.3.2 REVENUE ANALYSIS 256
23.3.3 PRODUCT PORTFOLIO 257
23.3.4 RECENT DEVELOPMENT 257
23.4 FORD MOTOR COMPANY 258
23.4.1 COMPANY SNAPSHOT 258
23.4.2 REVENUE ANALYSIS 258
23.4.3 PRODUCT PORTFOLIO 259
23.4.4 RECENT DEVELOPMENTS 259
23.5 BYD COMPANY LTD 260
23.5.1 COMPANY SNAPSHOT 260
23.5.2 REVENUE ANALYSIS 260
23.5.3 PRODUCT PORTFOLIO 261
23.5.4 RECENT DEVELOPMENT 261
23.6 BMW AG 262
23.6.1 COMPANY SNAPSHOT 262
23.6.2 REVENUE ANALYSIS 262
23.6.3 PRODUCT PORTFOLIO 263
23.6.4 RECENT DEVELOPMENT 263
23.7 GEELY AUTOMOBILE HOLDINGS LIMITED 264
23.7.1 COMPANY SNAPSHOT 264
23.7.2 REVENUE ANALYSIS 264
23.7.3 PRODUCT PORTFOLIO 265
23.7.4 RECENT DEVELOPMENT 265
23.8 GENERAL MOTORS 266
23.8.1 COMPANY SNAPSHOT 266
23.8.2 REVENUE ANALYSIS 266
23.8.3 PRODUCT PORTFOLIO 267
23.8.4 RECENT DEVELOPMENT 267
23.9 HYUNDAI MOTOR COMPANY 268
23.9.1 COMPANY SNAPSHOT 268
23.9.2 REVENUE ANALYSIS 268
23.9.3 PRODUCT PORTFOLIO 269
23.9.4 RECENT DEVELOPMENT 269
23.10 JAGUAR LAND ROVER AUTOMOTIVE PLC 270
23.10.1 COMPANY SNAPSHOT 270
23.10.2 REVENUE ANALYSIS 270
23.10.3 PRODUCT PORTFOLIO 271
23.10.4 RECENT DEVELOPMENTS 271
23.11 LUCID GROUP, INC. 272
23.11.1 COMPANY SNAPSHOT 272
23.11.2 REVENUE ANALYSIS 272
23.11.3 PRODUCT PORTFOLIO 273
23.11.4 RECENT DEVELOPMENTS 273
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