๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐๐ก๐๐ฏ๐ข๐จ๐ฎ๐ซ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐๐๐ฅ๐ ๐๐๐ฌ๐ญ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ
๐๐ข๐๐๐ฅ๐ ๐๐๐ฌ๐ญ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ 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.
๐๐๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐ง๐๐๐ง๐ญ๐ข๐ฏ๐๐ฌ ๐๐ง๐ ๐๐๐ ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง๐ฌ : 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.
๐๐ฎ๐๐ฅ๐ข๐ ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง : 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.
๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ ๐๐๐ญ๐ญ๐๐ซ๐ข๐๐ฌ : 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
๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐๐ก๐๐ฏ๐ข๐จ๐ฎ๐ซ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐๐๐ฅ๐ ๐๐๐ฌ๐ญ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ
๐๐ข๐๐๐ฅ๐ ๐๐๐ฌ๐ญ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ 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.
๐๐๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐ง๐๐๐ง๐ญ๐ข๐ฏ๐๐ฌ ๐๐ง๐ ๐๐๐ ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง๐ฌ : 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.
๐๐ฎ๐๐ฅ๐ข๐ ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง : 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.
๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ ๐๐๐ญ๐ญ๐๐ซ๐ข๐๐ฌ : 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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