Qatar Electric Vehicle Market Overview 2024-2030
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.
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Qatar Electric Vehicle Market Segmentation Outlook
The Qatar Electric Vehicle 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
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
By Region
- AI Khor
- Ad Dawhah
- AI Wakrah
- AI Rayyan
- Others
Qatar Electric Vehicle Market Driver
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.
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Top Qatar Electric Vehicle Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies Renault Group, Tesla, Chevrolet, BMW AG, Hyundai Motor Company, Nissan Motor Corporation, Ford Motor Company, Porsche Middle East & Africa, Toyota Motor Corporation, Ashok Leyland, Volvo Bus Company, Others as key players shaping the market landscape.
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.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2030?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
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