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Special Reports

Saudi Arabia’s Electric Mobility Evolution

Mobility

Middle East And Africa Gaming Market Report 2025 | Lucidity Insights

Middle East & Africa Gaming Review 2025

Gaming & ESports

Mini Report 2025: MEAPT PropTech Review 2024

MEAPT PropTech Review 2024

Proptech

Special Report: The State of Fintech in the Middle East

The State of Fintech in the Middle East

Fintech

United Arab Emirates

Dubai Green Future: Powered by Renewable Energy 2024 Report

Dubai’s Green Future: Powered by Renewable Energy

Sustainability & ClimateTech

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Top Blockchain Innovations in 2024 | Lucidity Insights

Special Report: Innovations in Blockchain

Crypto, Blockchain & Web3

Saudi Arabia

To Your Doorstep: The Future of Food Delivery in Saudi Arabia

The Future of Food Delivery in Saudi Arabia

FoodTech

Egypt

Special Report: Investing in Egypt’s Startup Ecosystem in 2024

Investing in Egypt’s Startup Ecosystem

Entrepreneurship

Special Report "The Business of Impact Investing in 2023"

The Business of Impact Investing in 2023

Special Report: "Exploring MENA Healthtech Business"

The Business of Healthtech in MENA

HealthTech

Special Report: "Sustainable International Trade for a Resilient Future"

Sustainable International Trade for a Resilient Future

Special Report: The State of the Electric Vehicle Revolution 2023

The State of the Electric Vehicle Revolution 2023

Special Report: Foodtech in MENA, How Innovation is Transforming the Culinary Landscape

The Growing Business of Foodtech

Special Report: "Opportunities in Web3"

Opportunities in Web3

Dubai's Venture Capital Ecosystem | Special Report

Dubai's Venture Capital Ecosystem

The Future of Fintech in Africa

Diriyah and Saudi's the Giga Projects | Special Report

Diriyah and the Giga Projects: Defining the New Saudi Arabia

Tourism

The Evolution of the KSA Startup Ecosystem: A Deep Dive into Growth and Innovation (2010-2022)

The Evolution of Saudi Arabia Startup Ecosystem 2010-2022

Dubai's Digital Economy and Startup Ecosystem | Special Report

Dubai’s Digital Economy and Its Expanding Startup Ecosystem

MENA's M&A Landscape 2017-2022: A Comprehensive Review

The Middle East & North Africa’s M&A Landscape 2017-2022

<p bis_size="{" x=""><meta charset="utf-8" />Saudi Arabia is rapidly emerging as a formidable player in the global electric vehicle (EV) landscape. With a bold $50 billion investment plan and a clear target to produce 500,000 EVs annually by 2030, the Kingdom is building an entire electric mobility ecosystem from the ground up.</p>

<h2 bis_size="{" x="">Investment in EV Saudi Arabia: A $50B National Transformation</h2>

<p bis_size="{" x="">The Public Investment Fund (PIF) is spearheading Saudi Arabia&rsquo;s EV ambitions, channeling sovereign wealth into manufacturing, infrastructure, and innovation. This includes funding for Saudi Arabia EV manufacturing plants, battery supply chain development, and strategic partnerships with global automotive leaders. Lucid Motors, for example, has established its AMP-2 facility in King Abdullah Economic City, marking the first &ldquo;Made in Saudi&rdquo; EVs to roll off the line. Meanwhile, Ceer Motors (Saudi Arabia&rsquo;s first homegrown EV brand) is scaling up production with support from Foxconn and BMW technologies.</p>

<h2 bis_size="{" x="">EV Production Saudi Arabia: How Many EVs Will Saudi Arabia Produce by 2030?</h2>

<p bis_size="{" x="">The Kingdom&rsquo;s stated goal is to produce 500,000 EVs annually by 2030, with one million electric vehicles expected to be on Saudi roads by the start of the next decade. This aggressive ramp-up positions Saudi Arabia as a potential global EV manufacturing hub, especially as international brands like Tesla, Hyundai, and BYD explore local production opportunities.</p>

<h2 bis_size="{" x=""><img alt="Cumulative EVs on the Road in Germany vs Saudi Arabia (First 10 Years)" bis_size="{" x="" /></h2>

<h2 bis_size="{" x="">EV Infrastructure Development in Saudi Arabia: Building the Backbone</h2>

<p bis_size="{" x="">Central to this transformation is EVIQ, the national charging infrastructure company tasked with deploying 5,000 fast chargers across 1,000 locations by 2030. This is a massive leap from the current 130 fast chargers in operation. Given Saudi Arabia&rsquo;s vast geography; nearly one-fourth the size of the United States, this fast charging network is essential to overcoming range anxiety and enabling long-distance EV travel.</p>

<p bis_size="{" x=""><img alt="Number of Public Fast (DC) Chargers in Saudi Arabia: Q2 2025 vs 2030 Ambitions" bis_size="{" x="" /></p>

<h2 bis_size="{" x="">Vision 2030 EV Targets: Policy Meets Innovation</h2>

<p bis_size="{" x="">Electric mobility is a cornerstone of Vision 2030, Saudi Arabia&rsquo;s national strategy to diversify its economy beyond oil. Policies and incentives for EVs in Saudi Arabia are designed to stimulate both consumer adoption and industrial growth. The Saudi Green Initiative complements this push, aiming to eliminate 278 million tons of CO₂ emissions by 2030 through a circular carbon economy approach that includes transport electrification.</p>

<h3 bis_size="{" x=""><a bis_size="{" x=""><img alt="Download Saudi Arabia’s Electric Mobility Evolution" bis_size="{" x="" /></a></h3>

<p bis_size="{" x=""><strong bis_size="{" x="">Download&nbsp;<a bis_size="{" x=""><i bis_size="{" x=""><u bis_size="{" x="">Saudi Arabia&rsquo;s Electric Mobility Evolution</u></i></a> to explore the region&rsquo;s most dynamic players, boldest strategies, and biggest opportunities.</strong></p>

<h2 bis_size="{" x="">Challenges to EV Adoption in Saudi Arabia: Cultural and Climatic Shifts</h2>

<p bis_size="{" x="">Despite low gasoline prices, consumer interest in EVs is surging. A recent survey found that 97% of Saudis would consider buying an EV, with nearly half planning to do so within three years. The shift is driven less by cost and more by environmental awareness, tech curiosity, and alignment with national goals. However, the desert climate presents unique technical challenges. Research collaborations between KAUST and Aramco are developing heat-resistant batteries capable of withstanding temperatures up to 130&deg;C, while BYD is adapting battery chemistries for Gulf conditions.</p>

<h2 bis_size="{" x="">Grassroots Growth: Startups Fueling Saudi Electric Mobility</h2>

<p bis_size="{" x="">Beyond top-down investment, a vibrant startup ecosystem is emerging. Companies like Current Power (charging solutions) and EVS (specialized EV maintenance) are scaling rapidly, addressing gaps in infrastructure and services. These ventures are vital to building the connective tissue of Saudi electric mobility and ensuring long-term sustainability.</p>

<h2 bis_size="{" x="">Will Saudi Arabia Become a Global EV Manufacturing Hub?</h2>

<p bis_size="{" x="">With its strategic investments, favorable policies, and growing consumer interest, Saudi Arabia is positioning itself as a regional leader, and potentially a global exporter of electric vehicles. From just 23,000 EVs on the road today to one million by 2030, the trajectory is steep and promising.</p>

<p bis_size="{" x="">For entrepreneurs, investors, and industry leaders, the Saudi Arabia EV market is becoming one of the most dynamic and consequential arenas to watch.</p>

<h3 bis_size="{" x=""><strong bis_size="{" x="">Where can I download Special Report: Saudi Arabia&rsquo;s Electric Mobility Evolution?</strong></h3>

<p bis_size="{" x="">A: You can access the full report via&nbsp;<a bis_size="{" x=""><u bis_size="{" x="">Lucidity Insights&rsquo; official platform here.</u></a> It includes market breakdowns, startup profiles, investment maps, and trend forecasts.</p>

<h3 bis_size="{" x=""><img alt="" bis_size="{" x="" /><a bis_size="{" x=""><img alt="Download Report" bis_size="{" x="" /></a></h3>

<p bis_size="{" x=""><meta charset="utf-8" /></p>

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