Electric Vehicles

Electric and Hybrid Vehicles – How soon can they disrupt in GCC?

Global demand for electric vehicles is expected to surge during the next few decades. The market was valued at almost USD 103bn in 2015 and expected to be close to USD 400bn by 2024. Sales are growing exponentially and have outpaced expectations, boosted by faster than anticipated battery improvements. World hybrid and electric vehicle (H/EV) sales is anticipated to more than double through 2018, reaching 25.6 million units and accounting for nearly 25% of all new motor vehicles sold. Considering...