The State of the Electric Vehicle Revolution 2023

United States

The World&rsquo;s Largest Automotive Manufacturers have committed to going electric and many plan to achieve carbon neutrality by 2050, if not sooner. Here&#39;s a roadmap to all the new electric vehicle models that are slated to be launched to the public, as the world works towards a world where all cars sold, one day, will be 100% electric. At the end of 2022, there were 500 different EVs available in the world, with various degrees of availability depending on the country.

Automaker's Roadmap to EV Domination

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From 2017 to&nbsp;2019, Israel witnessed more than 200 transactions each year.

Despite its relatively small size,&nbsp;Israel punches well above it&rsquo;s weight class when it comes to&nbsp;M&amp;A transactions.

Sectoral coverage is very different as compared to the GCC, where four sectors accounted for 60% of the transactions.

In Israel,&nbsp;however, the TMT (Technology, media and telecom) sector is the heavy-weight, accounting for 37% of all executed transactions&nbsp;in the country.

The next three sectors account for 35% of transactions.

These include Healthcare, Industrials and Consumer&nbsp;sectors.

Israel M&A: Transactions Split by Industry & Year from 2017 to 2019

Israel M&A: Transactions Split by Industry & Year

Though the rankings in terms of funding received for the top 4 nation&#39;s in MENA have not changed, &nbsp;the VC winter is apparent with noticeably smaller funds raised for each of these startup ecosystems, except Egypt.&nbsp;

Israel still leads with $1.83 billion raised in H1 2023, but is on a crash course, as this is 80% lower than H1 2022&#39;s $9.4 billion. It&#39;s a troubling figure for Israel, as last year&#39;s H1 result was already a 27% drop from H1 2021. UAE fundraised 16% less this H1 2023, with $590 million versus last year&#39;s $699 million by this time. Saudi Arabia raised 10% less, with $528 million raised, &nbsp;versus last year&#39;s $584 million.&nbsp;

The biggest winner in MENA is Egypt, &nbsp;having raised 40% more this year than last year, having raised $432 million in H1 2023 versus $307 million in H1 2022.

The Car Manufacturer's Road to Electrification

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