5377730933_64fd363fbd_b

Dubai Ministry plans Global EV project


Suhail bin Mohammed Al Mazrouei, the Minister of Energy and Infrastructure, has announced the launch of the Global EV Market, a transformative project aimed at establishing the UAE as a global hub for electric vehicles (EVs). The project, in line with the ‘We The UAE 2031’ vision, aims to integrate the energy and infrastructure sectors by collaborating with federal and local government entities, as well as private sector businesses.

To support this initiative, the Ministry of Energy and Infrastructure (MoEI) has signed cooperation agreements with key partners such as Etihad Water and Electricity (EtihadWE), Bee’ah Group, and the American University of Sharjah, along with leading EV manufacturers and investors including Audi, Siemens, BMW, Jaguar Land Rover, NEV Investment, Mercedes-Benz, General Motors, and Porsche.

Under these agreements, the partners will work together to incentivize EV ownership, facilitate investment in charging infrastructure across the UAE, and install charging stations in federal buildings, roads, and MoEI’s truck rest stops. The private sector partners will play a crucial role in establishing EV charging stations, operating them, and setting up EV service centers across the country.

The UAE aims to increase the share of EVs to 50% of total vehicles on the road by 2050, promoting green mobility and reducing the carbon footprint of the transport sector. The Global EV Market project will also support the UAE’s Net Zero by 2050 Strategic Initiative, drive circular economy practices, and enhance the country’s global competitiveness.

Hassan Mohammed Juma Al Mansouri, Undersecretary for Infrastructure and Transport Affairs at MoEI, mentioned that the project includes the installation of over 700 EV chargers in two phases at targeted locations nationwide. These efforts align with the UAE Roadmap for Electric Vehicles, a comprehensive plan that involves developing policies, offering incentives, and integrating the work of government entities and the private sector.

The Global EV Market project represents a significant step towards the UAE’s goals for green mobility and energy sustainability. Through strategic partnerships and collaborations, the government aims to accelerate the adoption of EVs, reduce energy consumption, and establish a climate-neutral transportation sector by 2050. Etihad Water and Electricity has expressed its commitment to actively participating in the project, including redesigning the charger network and attracting private sector investments to support the initiative’s objectives.

Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.

Contact us