Saudi Arabia: Oil Production Giant Looks at Electric Vehicles

Business Insider (Poland)

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One of the world's largest oil producers is betting on electric vehicles. Saudi Arabia has ambitious plans to reduce its dependence on oil revenues and carbon emissions. One company plans to build as many as 5,000 charging stations for electric cars by 2030. And the government wants 30 percent of vehicles in the capital to be electric by that same year.

CNN Brasil

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Ownership

Electric vehicles are a common vision in the streets around the world — but not everywhere. In Saudi Arabia, electric vehicles (VEs) represent less than 1% of the total sales of cars, according to the “eMobility Outlook 2024: KSA Edition” report of PricewaterhouseCoopers (PwC), published in September 2024. Globally, about 18% of all cars sold in 2023 were electric, according to the International Energy Agency. There are several barriers to the i…