GCC Electric Vehicles Market Growth, Trends, Share, Analysis, Size, Outlook 2025-2033

Electric Vehicles Market in GCC 2025:

How Big is the GCC Electric Vehicles Industry?

The GCC electric vehicles market size reached 40.3 Thousand Units in 2024. Looking forward, IMARC Group expects the market to reach 97.3 Thousand Units by 2033, exhibiting a growth rate (CAGR) of 9.3% during 2025-2033.

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: 40.3 Thousand Units

Market Size in 2033: 97.3 Thousand Units

Market Growth Rate (CAGR) 2025-2033: 9.3%

GCC Electric Vehicles Market Trends and Drivers:

Social factors at work in the development of the GCC electric vehicle (EV) market include energy policy realism, foreign policy, reaction to the increasing forces of carbon emission reduction, foreign policy, and reactions to the increasing ranks of employed people, etc. The current government and affiliated organizations also have been pushing for the implementation of EVs; in other words, the government has push for the facilitation on users to the EV adoption (such as the financial support on the purchase of the EV, e.g., tax incentives for the purchase of EVs such as partial grant-type grant credits, grant funding of the charging for EVs by users for the EV charging station, and reduced registration fees for EVs to name a few). Electric vehicle (EV) infrastructure (charging infrastructure, smart grid) is among the drivers of growth. In addition, due to the increased customer demands for environmental consciousness and the continually climbing gasoline price, this is an opportune moment. At the same time, a market facilitation-based riding on the back of an electric vehicle market is in turn promoting the riding on the back of an electric vehicle market1—the market driven by good and large promotion of PV and wind energy production, supported by solar/wind hybrid electricity power generation.

With a backdrop of accelerating technological diffusion, the electric vehicle market in GCC is expanding, along with battery energy storage and associated devices, although some are contemplating ordered cost caps and the outcome will be a diverse array of premium vehicles. For instance, now (or perhaps tomorrow) electric versions of the usual luxury vehicles of the wealthy segment of the population are being introduced, for example, electric versions of electric SUVs and supercars. In addition to the parallelization of the same type of market, electric special public transport (electric bus, car) appears to be acquiring a minor role in the challenge against the urban pollution and the growth of green transport. This reciprocal intermunicipal and (T) interdepartemental coordination between public and industrial sectors, on the other side, stimulates innovation.

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GCC Electric Vehicles Market Report Segmentation:

The report has segmented the market into the following categories:

By Component:

• Battery Cells and Packs
• On-Board Charger
• Fuel Stack

By Charging Type:

• Slow Charging
• Fast Charging

By Propulsion Type:

• Battery Electric Vehicle (BEV)
• Fuel Cell Electric Vehicle (FCEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)

By Vehicle Type:

• Passenger Vehicles
• Commercial Vehicles
• Others

By Country:

• Saudi Arabia
• UAE
• Qatar
• Bahrain
• Kuwait
• Oman

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Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. 

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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