1. In fuel-guzzling Saudi Arabia, electric cars pique interest.
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INFRASTRUCTURE (Economics) , *ELECTRIC vehicle industry , *OFF-road vehicles , *TRAFFIC congestion , *SECONDARY markets ,CHINA-United States relations - Abstract
Saudi Arabia is seeing a small but growing interest in electric vehicles (EVs) as the country aims to diversify its economy away from oil. The EV market in Saudi Arabia tripled last year to nearly 800 cars, with financial considerations and lower maintenance costs being driving factors for consumers. However, challenges such as a lack of charging infrastructure and the country's vast size make EVs more suitable for shorter trips within the city. Chinese EV giant BYD is expected to dominate the Saudi market, while Tesla has no dealerships in the country. Efforts are being made to expand the charging infrastructure across the country by 2030. [Extracted from the article]
- Published
- 2024