MarkNtel Advisors recently published a detailed industry analysis of the Qatar Electric Vehicle Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Qatar Electric Vehicle Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Qatar Electric Vehicle Market is expected to grow at an exponential CAGR during the forecast period, i.e., 2024-30.
What are the major Driver the Qatar Electric Vehicle industry?
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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What segments define the Qatar Electric Vehicle Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- 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
According to report, Among these three, commercial vehicles are projected to attain a significant share of the Qatar Electric Vehicle Market during 2024-30.
- 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
Explore the Complete Qatar Electric Vehicle Market Analysis Report –
https://www.marknteladvisors.com/research-library/qatar-electric-vehicle-market.html
Geographical Analysis: Qatar Electric Vehicle Market
- By Region
- AI Khor
- Ad Dawhah
- AI Wakrah
- AI Rayyan
- Others
Qatar Electric Vehicle Market Share & Competitive Landscape:
The Qatar Electric Vehicle Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Qatar Electric Vehicle Market are:
- Renault Group
- Tesla Inc.
- General Motors
- BMW AG
- Hyundai Motor Company
- Toyota Motor Corporation
- Fiat Group
- Mercedes Benz
- Porsche Middle East & Africa
- Yutong Group Co., Ltd.
Qatar Electric Vehicle Market Recent Development:
- In July 2021, ABBwas 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.
Questions Addressed in this Study
1.What factors are driving the Qatar Electric Vehicle Market growth?
2.How is the Qatar Electric Vehicle Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Qatar Electric Vehicle Market ?
4.What is the current size of the Qatar Electric Vehicle Market, and how is it projected to change in the future?
6.What is the future outlook for the Qatar Electric Vehicle Market in terms of technological advancements and market expansion?
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