Photo Credit:Fair Use [ 17 U.S.C. § 107] Ribbon Cutting of Kingdom''s 1st Public EV Charger

Saudi Arabia's Strategic Push into the Electric Vehicle Market

18 Mar 2025 | Abstracted from Gurufocus

Saudi Arabia...is making significant strides in the electric vehicle ...market by investing heavily in building a comprehensive industry chain...The country has invested in U.S. EV startup Lucid Motors and launched its local brand, Ceer...The Saudi government plans to electrify 30% of Riyadh's vehicles by 2030...Saudi Arabia's sovereign wealth fund, is the largest shareholder of Lucid Motors

"Saudi Arabia is transitioning from a traditional oil-based economy to a diversified one focused on renewable energy."

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