PwC’S Optimistic Forecast: % Share of EVs of Total Annual New Car Sales in KSA

Saudi Arabia’s electrification drive is not simply about cleaner cars—it’s a strategic economic pivot at the heart of the Kingdom’s Vision 2030 mission to diversify Saudi’s economy, create new non-oil revenue streams, and forge global industry leadership. In recent years, Saudi Arabia has launched entertainment, tourism, sports, and cultural sectors—all from scratch—to reduce oil dependence. Building a domestic electric vehicle (EV) ecosystem offers the nation similar potential: creating new industries, boosting exports, generating thousands of new jobs (30,000 by 2030 by some estimates), and propelling non-oil GDP growth - all while accelerating the Kingdom towards its sustainability ambitions.