The UAE is actively advancing its energy transition, placing significant emphasis on the development of new energy vehicles (NEVs) and electric vehicles (EVs).

It is not only a pivotal trade hub and commodity distribution center for the Middle East and the Arab region, but also a re-export trade center for automobiles in the Middle East.

Currently, the UAE’s NEV market is still in its nascent stages, yet it is experiencing rapid growth. It is projected that the compound annual growth rate (CAGR) of this market will reach 30% between 2022 and 2028.