The Saudi Arabia e-mobility market size reached USD 599.04 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 5,975.86 Million by 2033, exhibiting a growth rate (CAGR) of 29.12% during 2025-2033. At present, with the growing awareness about climate change, air pollution, and carbon emissions, individuals and policymakers are seeking cleaner and more sustainable transportation options, driving the demand for e-mobility solutions. Besides this, the rising integration of digital technologies in traffic management and public transport is contributing to the expansion of the Saudi Arabia e-mobility market share.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 599.04 Million |
Market Forecast in 2033 | USD 5,975.86 Million |
Market Growth Rate 2025-2033 | 29.12% |
Growing environmental concerns
Rising environmental concerns are positively influencing the market in Saudi Arabia. As awareness about climate change, air pollution, and carbon emissions is increasing, both people and policymakers are actively seeking cleaner and more sustainable transportation alternatives. Electric vehicles (EVs), including electric cars and electric bikes, which produce zero tailpipe emissions, are emerging as a preferred solution to reduce the environmental impact caused by traditional gasoline and diesel-powered vehicles. According to the IMARC Group, the Saudi Arabia electric car market size reached USD 500 Million in 2024. The country is witnessing a growing public interest in protecting natural resources and improving air quality, especially in urban centers where traffic-related pollution is a major issue. This concern is leading to a stronger encouragement for adopting e-mobility solutions. The government is also promoting e-mobility as part of its broader sustainability and diversification goals under Vision 2030. Citizens are seeing EVs not only as modern innovations but also as responsible choices that align with a greener lifestyle. Energy companies and automakers are responding by investing in EV technology and charging infrastructure. Educational campaigns and corporate initiatives are further strengthening public commitment to environmental protection. The rising demand for eco-friendly mobility is encouraging the development of related industries in Saudi Arabia, such as battery production and recycling.
Increasing expenditure on smart city projects
Rising expenditure on smart city projects are impelling the Saudi Arabia e-mobility market growth. In November 2024, Tilal Real Estates initiated a new endeavor to develop a smart city on the eastern side of the Gulf Kingdom, with an estimated worth of approximately 6 Billion Saudi riyals (USD 1.6 Billion). It covered approximately 268,000 square meters and included residences, workplaces, hotels, parks, streets, shopping centers, cinemas, and various entertainment venues. As the country is focusing on developing technologically advanced and sustainable urban centers like NEOM, there is a growing emphasis on integrating e-mobility solutions. Smart city plans incorporate infrastructure that supports EVs, smart charging stations, dedicated EV lanes, and connected transportation systems. These developments make it easier and more convenient for people to adopt EVs in their daily lives. The integration of digital technologies in traffic management and public transport is also promoting the utilization of e-mobility. These projects aim to reduce carbon emissions and improve air quality, aligning with the broader goals of Vision 2030. As smart cities are expanding, the demand for clean and efficient transportation options is rising. This shift is encouraging automobile manufacturers, technology providers, and energy companies to invest in EV development.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on product, voltage, and battery.
Product Insights:
The report has provided a detailed breakup and analysis of the market based on the product. This includes electric car, electric motorcycle, electric scooter, electric bike, and others.
Voltage Insights:
A detailed breakup and analysis of the market based on the voltage have also been provided in the report. This includes less than 24V, 24V, 36V, 48V, and greater than 48V.
Battery Insights:
The report has provided a detailed breakup and analysis of the market based on the battery. This includes sealed lead acid, Li-ion, and NiMH.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Products Covered | Electric Car, Electric Motorcycle, Electric Scooter, Electric Bike, Others |
Voltages Covered | Less than 24V, 24V, 36V, 48V, Greater than 48V |
Batteries Covered | Sealed Lead Acid, Li-ion, NiMH |
Regions Covered | Northern and Central Region, Western Region, Eastern Region, Southern Region |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: