Press Release

DC Charging Point Type to Override the UAE Electric Vehicle Charging Infrastructure Market

The UAE Electric Vehicle Charging Infrastructure market is projected to grow at a CAGR of around 14.28% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The market growth is attributed to the increasing investments by the UAE government to deploy EV charging infrastructure across the nation to support the transition toward sustainable transportation to reduce carbon emissions by enhancing the adoption of EVs. Additionally, the UAE government's smart city initiatives are also expected to facilitate partnerships between public & private stakeholders to develop & fund the electric vehicle charging infrastructure. This could help reduce the financial burden on charging infrastructure providers & enable the development of a more comprehensive charging network.

Moreover, the government has adopted various measures, such as the Dubai Green Mobility Strategy 2030, which has widely encouraged customers to adopt EVs, thereby leading to an elevated demand for the construction of more charging stations. In addition, the UAE government is focusing on diversifying its energy mix during its 2050 goals to limit the use of fossils & boost the adoption of clean fuels & energy to reduce carbon emissions in the country. As a result, the government is also encouraging FDI in the country to initiate the EVs manufacturing activities to sustain the emerging need for mobility of the residents. Hence, these factors are anticipated to create potential revenue growth opportunities in the forthcoming years, further states the research report, “The UAE Electric Vehicle Charging Infrastructure Market Analysis, 2024.”

DC Chargers to Continue to Hold the Major Market Share

Based on the Type of Charging Point, the market is further bifurcated into AC chargers, DC chargers, and Others (Wireless Charging, etc.). Of them, the DC charger is anticipated to hold a dominant revenue share in the market. The initiatives of the UAE government to promote the adoption of electric vehicles in the country by offering various incentives such as grants, access to dedicated parking spots, etc., have led to an increased demand for efficient & fast charging stations at subsequent sports. Further, the rising investments announced by the UAE Ministry of Energy & Infrastructure, and Emirates National Oil Company (ENOC), etc., to deploy hundreds of new fast-charging EV station is anticipated to continue to uplift the revenue growth during 2024-2030.

The UAE Electric Vehicle Charging Infrastructure market is projected to grow at a CAGR of around 14.28% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The market growth is attributed to the increasing investments by the UAE government to deploy EV charging infrastructure across the nation to support the transition toward sustainable transportation to reduce carbon emissions by enhancing the adoption of EVs. Additionally, the UAE government's smart city initiatives are also expected to facilitate partnerships between public & private stakeholders to develop & fund the electric vehicle charging infrastructure. This could help reduce the financial burden on charging infrastructure providers & enable the development of a more comprehensive charging network.

Moreover, the government has adopted various measures, such as the Dubai Green Mobility Strategy 2030, which has widely encouraged customers to adopt EVs, thereby leading to an elevated demand for the construction of more charging stations. In addition, the UAE government is focusing on diversifying its energy mix during its 2050 goals to limit the use of fossils & boost the adoption of clean fuels & energy to reduce carbon emissions in the country. As a result, the government is also encouraging FDI in the country to initiate the EVs manufacturing activities to sustain the emerging need for mobility of the residents. Hence, these factors are anticipated to create potential revenue growth opportunities in the forthcoming years, further states the research report, “The UAE Electric Vehicle Charging Infrastructure Market Analysis, 2024.”

DC Chargers to Continue to Hold the Major Market Share

Based on the Type of Charging Point, the market is further bifurcated into AC chargers, DC chargers, and Others (Wireless Charging, etc.). Of them, the DC charger is anticipated to hold a dominant revenue share in the market. The initiatives of the UAE government to promote the adoption of electric vehicles in the country by offering various incentives such as grants, access to dedicated parking spots, etc., have led to an increased demand for efficient & fast charging stations at subsequent sports. Further, the rising investments announced by the UAE Ministry of Energy & Infrastructure, and Emirates National Oil Company (ENOC), etc., to deploy hundreds of new fast-charging EV station is anticipated to continue to uplift the revenue growth during 2024-2030.