𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐁𝐞𝐡𝐚𝐯𝐢𝐨𝐮𝐫 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 26.47 billion with a CAGR of 16.09% till 2030. In Saudi Arabia, the presence of global battery material suppliers that are engaged in various strategies, such as business expansion, drives the market. 𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 𝐚𝐧𝐝 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 : Middle Eastern governments are increasingly offering incentives and subsidies to promote the adoption of electric vehicles (EVs). Countries like the United Arab Emirates (UAE), Saudi Arabia, and Qatar are introducing policies to reduce the carbon footprint of their transportation sectors. For example, the UAE is planning to have 50% of all vehicles in the country be electric by 2050 as part of its Green Mobility Strategy. 𝐏𝐮𝐛𝐥𝐢𝐜 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 : Many Middle Eastern cities are focusing on electrifying public transportation networks, including buses, taxis, and metro systems. In Dubai, for instance, the RTA (Roads and Transport Authority) is rolling out electric buses, and Saudi Arabia is also investing in electric public transport as part of its Vision 2030. 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐄𝐕 𝐁𝐚𝐭𝐭𝐞𝐫𝐢𝐞𝐬 : The rising adoption of electric vehicles is driving the demand for lithium-ion batteries and other advanced battery chemistries, especially for passenger vehicles, buses, and electric two-wheelers in urban areas. Local manufacturing of batteries is expected to rise to meet this demand. https://www.nextmsc.com/report/middle-east-battery-market

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