Photo Credit: AFP
In Fuel-Guzzling Saudi Arabia, Electric Cars Pique Interest
26 Jul 2024 | Abstracted from France 24
Chinese EV giant BYD is expected to dominate the Saudi market. Its global rival Tesla of the United States has no dealerships in the Gulf kingdom...A lack of charging infrastructure and Saudi Arabia's vast size mean that many view their EVs as suitable for shorter trips, rather than replacements for conventional vehicles.
"Saudi Arabia's sovereign wealth fund, PIF, now controls 60 percent of Lucid and has secured a deal with South Korea's Hyundai to establish a plant in the kingdom for both EVs and petrol-powered cars.
"Additionally, Saudi EV brand CEER, launched in 2022, plans to start production in 2025"
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