Qatar Electric Vehicle Market Size, Share & Forecast Analysis to 2030
Qatar Electric Vehicle Market Size & Insights
The Qatar Electric Vehicle Market is expected to grow at an exponential CAGR during the forecast period, i.e., 2024-30. The growth of the market is projected to be propelled by extensive government support through favorable regulations, massive R&D investments in setting up EV manufacturing facilities, private sector funding for EV production, and the country's strategic location & resources. As global demand & government subsidies are rising for EVs, Qatar is also actively working toward facilitating EV adoption in order to reduce its carbon emissions.
What are the Key DROs in the Qatar Electric Vehicle Market?
Active Government Efforts Toward Renewable Energy Production & Encouraging Green Mobility - In order to attain sustainable mobility goals by reducing carbon emissions as outlined in Qatar Vision 2030, the government is actively working on promoting the use of renewable & green energy and encouraging the adoption of EVs in the country. Consequently, it is generating lucrative prospects for foreign EV manufacturers to invest in the country. Moreover, financial institutions are offering green financing options to cater to the rising consumer demand for EVs & HEVs. Hence, the country is rapidly moving to transition to electric buses and car/taxi fleets while encouraging consumers toward EV options, which, subsequently, would drive the electric vehicle market in Qatar through 2030.
What are the Key Segments in the Qatar Electric Vehicle Market?
The Qatar Electric Vehicle Market is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Vehicle Type
Two Wheeler- Market Size & Forecast 2019-2030, USD Million, Thousand Units
Passenger Car- Market Size & Forecast 2019-2030, USD Million, Thousand Units
Trucks
LCV (Up to 4 Tons) - Market Size & Forecast 2019-2030, USD Million, Thousand Units
MHCV (4 to 8 Tons) - Market Size & Forecast 2019-2030, USD Million, Thousand Units
HCV (Above 8 Tons) - Market Size & Forecast 2019-2030, USD Million, Thousand Units
Buses- Market Size & Forecast 2019-2030, USD Million, Thousand Units
Among these three, commercial vehicles are projected to attain a significant share of the Qatar Electric Vehicle Market during 2024-30.
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By Propulsion Type
Battery Electric Vehicle (BEV) - Market Size & Forecast 2019-2030, USD Million, Thousand Units
Plug-In Hybrid Electric Vehicle (PHEV) - Market Size & Forecast 2019-2030, USD Million, Thousand Units
Hybrid Electric Vehicle (HEV) - Market Size & Forecast 2019-2030, USD Million, Thousand Units
By Battery Type
Lithium-Ion Battery- Market Size & Forecast 2019-2030, USD Million, Thousand Units
Lithium Titanate Oxide- Market Size & Forecast 2019-2030, USD Million, Thousand Units
By Capacity
Upto 40kWh- Market Size & Forecast 2019-2030, USD Million, Thousand Units
41-70 kWh- Market Size & Forecast 2019-2030, USD Million, Thousand Units
71-100 kWh- Market Size & Forecast 2019-2030, USD Million, Thousand Units
Above 100 kWh- Market Size & Forecast 2019-2030, USD Million, Thousand Units
By Range
Short Range (Up to 240 km) - Market Size & Forecast 2019-2030, USD Million, Thousand Units
Mid-Range (241-400km) - Market Size & Forecast 2019-2030, USD Million, Thousand Units
Long Range (Above 400km) - Market Size & Forecast 2019-2030, USD Million, Thousand Units
How does geographical analysis highlight in the Qatar Electric Vehicle market?
By Region
AI Khor
Ad Dawhah
AI Wakrah
AI Rayyan
Others
Who are the Key Players in Qatar Electric Vehicle Market?
Renault Group
Tesla Inc.
General Motors
BMW AG
Hyundai Motor Company
Toyota Motor Corporation
Fiat Group
Mercedes Benz
Porsche Middle East & Africa
Yutong Group Co., Ltd.
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Qatar Electric Vehicle Market News
In July 2021, ABB was awarded a contract to design, supply, test, and commission a new high-power charging infrastructure for one of the world's largest fleets of electric buses in Qatar. The project will see the company provide high-power charging infrastructure for the fleet of around 1,000 electric buses operating across the country, with a capacity to transport 50,000 passengers a day in the future.
In June 2021, Qatar General Electricity and Water Corporation (Kahramaa) unveiled the 19th EV charging station at Katara. It is the fastest charger in Qatar, with 180 KW capacity, and has a direct current system that can fully charge the EV in less than 10 minutes.
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