Saudi Arabia Electric Car Market Size, Share & Forecast Analysis to 2030

Saudi Arabia Electric Car Market Size & Insights

The Saudi Arabia Electric Car Market size was valued at around USD 560 million in 2024 and is projected to reach USD 2,224.88 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 25.85% during the forecast period, i.e., 2025-30. The growth of market is driven by low carbon emissions, increasing penetration of urban mobility solutions, growing investments in the development of the electric ecosystem, government support, increasing integration of AI, ML, Cloud, etc., advancements in batteries, urbanization, and others.

What are the Key Driver in the Saudi Arabia Electric Car Market??

Inclination Towards Carbon Neutrality Driving Market Growth – The investments and public-private partnerships in the electric car market have increased lately, due to the increasing government support and initiatives in the country for the electrification of the automotive sector.

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What are the Key Segments in the Saudi Arabia Electric Car Market?

The Saudi Arabia Electric Car is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Propulsion Type

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

By Battery Type

Lithium-Ion Battery
Nickel-Metal Hydride Battery
Lead Acid Battery
Others

Based on battery type, the Lithium-Ion Battery holds the largest market share, around 53%.

By Range

0–150 km
151–250 km
251–350 km
351–500 km
Above 500 km

By Charging Type

AC Charging
DC Fast Charging
Wireless Charging

By Distribution Channel

Dealerships
Company-Owned Stores
Online Retail
Direct to Consumer
Others

By End-User

Individual
Commercial
Public Sector.

The public sector holds the largest market share of about 48%.

Who are the Key Players in Saudi Arabia Electric Car Market?

Ceer Motors
Lucid Group, Inc.
Tesla, Inc.
Nissan Motor Corporation
BMW AG
Hyundai Motor Company & Kia
BYD Auto
MG Motor (SAIC)
Volkswagen Group
Geely Automobile Holdings (incl. Geometry, Zeekr, etc.)

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Saudi Arabia Electric Car Market News

2025: Nissan Motor Corporation launched the third-generation Nissan Leaf, redesigned as a compact crossover SUV. Equipped with a 75 kWh battery, it delivers an estimated range of up to 303 miles, aiming to reinvigorate Nissan’s EV momentum in global markets amid intensifying competition and evolving consumer preferences

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Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

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Why This MarkNtel Advisors Research Report:

In-depth Market Analysis: Understand trends and dynamics shaping growth.
Segmented Insights: Target specific segments for focused strategies.
Geographical Performance: Assess market opportunities by geographic area.
Emerging Technologies: Discover advancements like AI integration.
Risk Identification: Pinpoint challenges to inform strategic planning.
Future Forecasts: Prepare for market changes with actionable projections.

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