Cumulative EVs on The Road in Germany vs Ksa (First 10 Years)

Saudi Arabia, with just over 23,000 EVs on the road in early 2025, is at the very start of its electrification journey—roughly where Germany stood in early 2016. In contrast, Germany has surpassed 2.6 million EVs in 2025, fueled by over a decade of strong government incentives, EU emissions regulations, and consumer trust in local brands like Volkswagen, Mercedes and BMW.

While Germany’s rise was gradual, finally achieving 2.4% EV stock out of the total national car population in 2022, Saudi Arabia is aiming for a much steeper curve. This is driven by Vision 2030, $50+ billion in State-backed EV investments, a more mature global EV supply chain, and a clear industrial policy to become a regional manufacturing hub.

In 5 years time, our internal analysis suggests that Saudi Arabia will be aiming to have nearly 7% of its passenger car population electrified. However, unlike Germany, Saudi must overcome hotter climates, deeply entrenched oil culture, and a nascent charging infrastructure. Still, with strategic partnerships and localized innovation, the Kingdom hopes to fast-track its EV growth—compressing what took Germany a decade into just a few transformative years.