It finds that Saudi Arabia’s electric vehicle charging infrastructure market is expected to grow at an impressive rate during the forecast period, 2023-2027.
The main reasons supporting Saudi Arabia's growth in electric car charging infrastructure are rising electric vehicle sales and favourable government initiatives.
Other factors driving the growth of the country's EV charging infrastructure market over the next five years include the increase in market players investing in the construction of electric vehicle charging infrastructure and improvements in electric vehicle charging infrastructure.
To lessen its reliance on the oil and gas sector, the government is investing in developing alternative revenue streams and encouraging the expansion of other important industrial verticals. By 2030, the Kingdom of Saudi Arabia has promised that in Riyadh, at least 30% of all vehicles will be electric.
