Middle East and Africa Electric Vehicle Market - Industry Trends and Forecast to 2030
Middle East and Africa Electric Vehicle Market, By Propulsion Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV), and ICE and Micro Hybrid Vehicle), Vehicle Drive Type (FWD, RWD, and AWD), Vehicle Speed (Less Than 100 MPH, 100 To 125 MPH, and More Than 125 MPH), Vehicle Class (Mid-Priced and Luxury), Sales Channel (OEM and Aftermarket), Power Output (Less Than 100 KW, 100 To 250 KW, and More Than 25O KW), Electric Motor Type (Brushless DC Motors, Permanent Magnet Synchronous Motors, DC Motors, and Three Phase Induction Motors), Voltage Range (Less Than 48 Volt and More Than 48 Volt), Charging Station Type (Normal Charging and Super Charging), Connectivity Type (V2G, V2X, V2V, and V2B or V2H), Power Train (Series Hybrid, Parallel Hybrid, and Combined Hybrid), Vehicle Type (Passenger Cars, Commercial Vehicle, and Two Wheelers), Battery Type (Lithium Ion, Nickel Metal Hydride, Solid State, Lead Acid, and Sodium Ion Battery), Battery Form (Prismatic, Pouch, and Cylindrical), Country (Saudi Arabia, U.A.E., Bahrain, Qatar, Oman, Egypt, Kuwait, and Rest of Middle East and Africa) Industry Trends and Forecast to 2030
Market Definition
An electric vehicle is a vehicle that runs fully or partially on electricity. Unlike conventional vehicles that use fossil fuels, e-vehicles use an electric motor powered by a fuel cell or batteries. Vehicle or 'EV' are common terms used for an electric vehicle. In most cases, the term includes both BEVs and PHEVs. The letters BEVs stand for battery electric vehicles, while PHEVs stand for plug-in hybrid electric vehicles.
An electric vehicle (EV) operates on an electric motor instead of an internal-combustion engine that generates power by burning a mix of fuel and gases. Therefore, electric vehicles are seen as a possible replacement for current-generation automobiles to address the issue of rising pollution, global warming, and depleting natural resources. An electric vehicle's range is the distance it can cover on a single charge.
The adoption of electric vehicles is rising due to their zero-emission and high tank-to-wheels efficiency. This has made it necessary to have a proper battery management system to reach maximum performance when operating under various conditions. In addition, the rising trend towards increasing charging rates, which would allow faster charging and longer trips, has raised the demand for EVs in the market.
Market Segmentation
• On the basis of propulsion type, the Middle East and Africa electric vehicle market is segmented into battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), fuel cell electric vehicle (FCEV), and ICE and micro hybrid vehicle
• On the basis of vehicle drive type, the Middle East and Africa electric vehicle market is segmented into FWD, RWD, and AWD
• On the basis of vehicle speed, the Middle East and Africa electric vehicle market is segmented into less than 100 MPH, 100 To 125 MPH, and more than 125 MPH
• On the basis of vehicle class, the Middle East and Africa electric vehicle market is segmented into mid-priced and luxury
• On the basis of sales channel, the Middle East and Africa electric vehicle market is segmented into OEM and aftermarket
• On the basis of electric motor type, the Middle East and Africa electric vehicle market is segmented into DC motors, brushless DC motors, permanent magnet synchronous motors, and three-phase induction motors
• On the basis of power output, the Middle East and Africa electric vehicle market is segmented into less than 100 KW, 100 to 250 KW, and more than 100 KW
• On the basis of voltage range, the Middle East and Africa electric vehicle market is segmented into less than 48 Volt and more than 48 Volt
• On the basis of connectivity type, the Middle East and Africa electric vehicle market is segmented into V2B OR V2H, V2G, V2V, and V2X
• On the basis of power train, the Middle East and Africa electric vehicle market is segmented into parallel hybrid, series hybrid, and combined hybrid
• On the basis of vehicle type, the Middle East and Africa electric vehicle market is segmented into passenger vehicles, commercial vehicle, and two-wheelers
• On the basis of charging station type, the Middle East and Africa electric vehicle market is segmented into normal charging and super charging
• On the basis of battery type, the Middle East and Africa electric vehicle market is segmented into lithium ion, nickel metal hydride, solid state, lead acid, and sodium ion battery
• On the basis of battery form, the Middle East and Africa electric vehicle market is segmented into prismatic, pouch, and cylindrical
Market Players
Some of the major players operating in the Middle East and Africa electric vehicle market are:
• Tesla
• Toyota Motor Corporation
• Ford Motor Company
• Mercedes-Benz Group AG
• Lucid Group, Inc.
• Geely Automobile Holdings Limited.
• JAGUAR LAND ROVER AUTOMOTIVE PLC
• BMW AG
• Hyundai Motor Company
• BYD Company Ltd.
• Nissan Motor Co., Ltd.
• MITSUBISHI MOTORS CORPORATION
• Mahindra & Mahindra Ltd
• MG MOTOR
• Renault Group
• General Motors Company
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