Kingdom exhibits significant growth potential for battery-electric vehicles (BEVs)
7 in 10 residents of Saudi Arabia are ‘very’ or ‘moderately’ likely to purchase a battery-electric vehicle (BEV), a figure that is projected to rise to 85% by 2035, indicating significant growth potential for BEVs in the country over the coming years.
This is according to Alix Partners’ 2024 International Electric Vehicle Consumer-Sentiment Survey, released by the global consulting firm Alix Partners.
While costs and charging are the primary concerns globally in the survey when it comes to choosing a BEV, respondents in Saudi Arabia are less concerned with costs compared to other countries. Instead, they are more worried about safety, complexity, and aftermarket concerns.
Flexibility
Charging flexibility and extended range are the main reasons for choosing a plug-in hybrid electric Vehicle (PHEV) over a BEV in the Kingdom, mirroring similar trends in the USA and Europe.
“In Saudi Arabia, we’re witnessing a parallel trend to the USA and Europe, where BEV-intentioned buyers are increasingly considering PHEVs as viable alternatives,” commented Alessandro Missaglia, Partner & Managing Director, AlixPartners.
AlixPartners’ survey, the third of its kind, included 10,000 respondents in ten markets that represent more than 80% of global BEV sales, with 1,000 respondents in each market.