Saudi Arabia Electric Vehicle Market Outlook (2021-2027): Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions (Western, Southern, Eastern, Central) And Competitive Landscape.

Abstract
Saudi Arabia Electric Vehicle Market report comprehensively covers the market by vehicle types and regions. Saudi Arabia electric vehicle market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Saudi Arabia Electric Vehicle Market Synopsis
Saudi Arabia electric vehicle revenues witnessed a steady growth during 2018-19 owing to the lift of ban from the imports of electric vehicles however encountered a decline in 2020 owing to the outbreak of Covid-19. The sudden outbreak of the Covid-19 pandemic resulted in supply chain disruptions in 2020 which affected the sales of automobiles including electric cars in Saudi Arabia.

In addition, the initiation of EV penetration in KSA enables it to be on a track to diversify its economy by decreasing its dependence on oil. Saudi Arabia electric vehicle market trends would witness improved demand for electric cars from the booming logistics and passenger transport sector. Government projects and policies are also affecting electric vehicle market’s growth and are estimated to upkeep the growth over the near future.

According to 6Wresearch, Saudi Arabia electric vehicle market size is projected to grow at CAGR of 42.5% during 2021-2027. Saudi Arabia electric vehicle market is expected to be robust owing to government’s focus on renewable energy and shift towards lower dependence on oil-based economy along with increased standard of living are the primary reasons contributing to the rising demand for electric vehicles. The country has signed a memorandum of understanding (MoU) with the United Kingdom in a move to reduce carbon emissions and support Saudi Vision 2030. The MoU commits both countries to cooperate and share expertise to develop technologies, including smart grids and electric vehicles.

Market by Vehicle Types Analysis
Within vehicle types, passenger cars acquired more than 60% of the market share in terms of revenue. They are projected to show significant growth during the forecast period owing to the growing population that suggest a long-term potential in electric vehicle segment attributed to the rising disposable income of households and lower emissions targets set by the government. The country has decided to curb GHG emission by 130 million metric-tons of CO2 equivalent by 2030 under Paris goal and INDC.

Market by Regions Analysis
Saudi Arabia electric vehicle market share was dominated by the Central region in 2020 which includes Riyadh, Jeddah including many more populous cities as over 70% of the power in the Central region is met by gas and around 54% of Saudi Arabia’s electricity was generated from gas in the past few years.

Key Attractiveness of the Report
COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2017 to 2020.
Base Year: 2020
Forecast Data until 2027.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report
Saudi Arabia Electric Vehicle Market Overview
Saudi Arabia Electric Vehicle Market Outlook
Saudi Arabia Electric Vehicle Market Forecast
Historical Data and Forecast of Saudi Arabia Electric Vehicle Market Revenues and Volume for the Period 2017-2027F
Historical Data and Forecast of Saudi Arabia Electric Vehicle Market Revenues and Volume, By Vehicle Types, for the Period 2017-2027F
Historical Data and Forecast of Saudi Arabia Electric Vehicle Market Revenues, By Regions, for the Period 2017-2027F
Market Drivers and Restraints
Industry Life Cycle
Porter’s Five Force Analysis
Impact Analysis of COVID-19
Market Trends
Saudi Arabia Electric Vehicle Market Revenue Ranking, By Companies
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:

By Vehicle Types
Passenger Cars
Two Wheelers
Buses
Trucks

By Regions
Western
Southern
Eastern
Central

Content
Table of Contents

1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of the Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. Saudi Arabia Electric Vehicle Market Overview
3.1. Saudi Arabia Electric Vehicle Market Revenues and Volume, 2017-2027F
3.2. Saudi Arabia Electric Vehicle Market Industry Life Cycle
3.3. Saudi Arabia Electric Vehicle Market Porter's Five Forces
3.4. Saudi Arabia Electric Vehicle Market – SWOT Analysis
3.5. Saudi Arabia Electric Vehicle Market Revenue and Volume Share, By Vehicle Types, 2020 & 2027F
3.6. Saudi Arabia Electric Vehicle Market Revenue Share, By Regions, 2020 & 2027F
4. Impact Analysis of COVID-19 on Saudi Arabia Electric Vehicle Market
5. Saudi Arabia Electric Vehicle Market Dynamics
5.1. Impact Analysis
5.2. Market Drivers
5.3. Market Restraints
6. Saudi Arabia Electric Vehicle Market Trends & Evolution
7. Saudi Arabia Electric Vehicle Market Overview, By Vehicle Types
7.1. Saudi Arabia Electric Vehicle Market Revenues and Volume, By Passenger Vehicles, 2017-2027F
7.2. Saudi Arabia Electric Vehicle Market Revenues and Volume, By Two-Wheelers, 2017-2027F
7.3. Saudi Arabia Electric Vehicle Market Revenues and Volume, By Buses, 2017-2027F
7.4. Saudi Arabia Electric Vehicle Market Revenues and Volume, By Trucks, 2017-2027F
8. Saudi Arabia Electric Vehicle Market Overview, By Regions
8.1. Saudi Arabia Electric Vehicle Market Revenues, By Western, 2017-2027F
8.2. Saudi Arabia Electric Vehicle Market Revenues, By Southern, 2017-2027F
8.3. Saudi Arabia Electric Vehicle Market Revenues, By Eastern, 2017-2027F
8.4. Saudi Arabia Electric Vehicle Market Revenues, By Central, 2017-2027F
9. Saudi Arabia Electric Vehicle Market - Government Guidelines & Regulations
10. Saudi Arabia Electric Vehicle Market - Key Performance Indicators
11. Saudi Arabia Electric Vehicle Market - Opportunity Assessment
11.1. Saudi Arabia Electric Vehicle Market Opportunity Assessment, By Product Types, 2027F
12. Saudi Arabia Electric Vehicle Market Competitive Landscape
12.1. Saudi Arabia Electric Vehicle Market Revenue Ranking, By Company, 2020
12.2. Saudi Arabia Electric Vehicle Market Competitive Benchmarking, By Operating Parameters
13. Company Profiles
13.1. Nissan Motor Co, Ltd.
13.2. Tesla, Inc.
13.3. Hyundai Motor Company
13.4. Toyota Motor Corporation
13.5. The Volkswagen AG
13.6. General Motors Company
13.7. Lucid Group, Inc.,
14. Key Strategic Recommendations
15. Disclaimer

List of Figures
Figure 1. Saudi Arabia Electric Vehicle Market Revenues and Volume, 2017-2027F ($ Million, Units)
Figure 2. Saudi Arabia Electric Vehicle Market Revenue Share, By Vehicle Types, 2020 & 2027F
Figure 3. Saudi Arabia Electric Vehicle Market Volume Share, By Vehicle Types, 2020 & 2027F
Figure 4. Saudi Arabia Electric Vehicle Market Revenue Share, By Regions, 2020 & 2027F
Figure 5. Percentage growth in Non-Oil Sector, Q1 2020-2021
Figure 6. Saudi Arabia Non-Oil Revenue, 2016 -2020 ($ Billion)
Figure 7. CO2 emissions in Saudi Arabia, 2018-2020
Figure 8. Saudi Arabia Renewable Energy Consumption (% of total energy consumption), 2018-2019
Figure 9. Total Imports of Motor Vehicles in Saudi Arabia, 2017-2020 ($ Thousand)
Figure 10. Saudi Arabia Investment Forecasts for Road Infrastructure, 2021E-2040F (In $ Billion)
Figure 11. Distribution of connectors in 2021
Figure 12. Saudi Arabia Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2027F
Figure 13. Saudi Arabia Electric Vehicle Market Revenue Ranking, By Companies, 2020

List of Tables
Table 1. Saudi Arabia Electric Vehicle Market Revenues, By Vehicle Types, 2017-2027F (USD Million)
Table 2. Saudi Arabia Electric Vehicle Market Volume, By Vehicle Types, 2017-2027F (Units)
Table 3. Saudi Arabia Electric Vehicle Market Revenues, By Regions, 2017-2027F (USD Million)