Saudi Arabia Hybrid Electric Vehicle Market

Saudi Arabia Hybrid Electric Vehicle Market Size and Share: 

The Saudi Arabia hybrid electric vehicle market size reached 120.3 Thousand Units in 2024. Looking forward, IMARC Group expects the market to reach 800.2 Thousand Units by 2033, exhibiting a growth rate (CAGR) of 22.26% during 2025-2033. The market is advancing through a combination of Vision 2030-driven policies, infrastructure development, and ongoing improvements in hybrid technology that boost performance, efficiency, and affordability, creating a favorable environment for user adoption and strengthening the position of Saudi Arabia in clean mobility.

Saudi Arabia Hybrid Electric Vehicle Market Trends:

Government Initiatives and Vision 2030

Saudi Arabia’s growing commitment to sustainability is playing a central role in driving the hybrid electric vehicle (HEV) market forward. Guided by Vision 2030, Saudi Arabia is working to lessen its reliance on fossil fuels and diversify its economy by fostering the adoption of green technologies. The governing body is implementing a combination of incentives such as tax breaks, subsidies, and supportive regulations to encourage the use of hybrid and electric vehicles (EVs). These policy measures are reinforced by parallel investments in essential infrastructure, helping reduce barriers for individuals and manufacturers entering the HEV space. For instance, in 2025, E-FILL, Saudi Arabia’s leading EV charging network, announced the expansion of its fast-charging stations across the Kingdom. The new stations, featuring DC fast chargers, are located in key cities like Riyadh, Jeddah, and the Eastern Province, supporting the adoption of electric mobility. This expansion aligns with Saudi Arabia’s Vision 2030 to reduce carbon emissions and promote sustainable energy. With such strong public and private sector alignment, the market is becoming increasingly conducive for HEVs. The combined impact of policy support and infrastructure development is helping accelerate both user confidence and industry participation, positioning HEVs as a viable and appealing choice in the transportation landscape.

Technological Advancements

The continuous advancements in hybrid powertrain design, with contemporary systems providing enhanced efficiency, performance, and cost-effectiveness, is bolstering the market growth. Improvements in battery technology, especially regarding lifespan, charging speed, and energy density, are leading to vehicles that are not only more fuel-efficient but also more appropriate for the driving conditions of the area. Enhancements to energy management systems and the incorporation of smart controls are increasing the responsiveness and reliability of hybrids, improving the overall user experience. These advancements in technology are aiding in altering user views, making hybrids appear as a viable and eco-friendly choice. Emphasizing this emphasis on cutting-edge innovation, in 2024, Saudi EV maker Ceer formed a strategic alliance with Croatia's Rimac Technology to collaboratively develop high-performance electric drive systems. This partnership represents an important advancement in developing local skills while leveraging worldwide knowledge in electric mobility. The innovations in advanced powertrain development strengthen Saudi Arabia’s aspirations to transcend being merely a user in the HEV sector but also indicates its desire to establish itself as a center for automotive innovation. As these developments progress, they are establishing a strong foundation for sustained market expansion and technological dominance.

Saudi Arabia Hybrid Electric Vehicle Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on propulsion type, configuration type, vehicle type, and power source.

Propulsion Type Insights:

• Full Hybrids
• Mild Hybrids
• Plug-in Hybrids
• Others

The report has provided a detailed breakup and analysis of the market based on the propulsion type. This includes full hybrids, mild hybrids, plug-in hybrids, and others.

Configuration Type Insights:

• Series HEV
• Parallel HEV
• Combination HEV

A detailed breakup and analysis of the market based on the configuration type have also been provided in the report. This includes series HEV, parallel HEV, and combination HEV.

Vehicle Type Insights:

• Passenger Cars
• Commercial Vehicles
• Two-Wheelers
• Others

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger cars, commercial vehicles, two-wheelers, and others.

Power Source Insights:

• Stored Electricity
• On Board Electric Generator

A detailed breakup and analysis of the market based on the power source have also been provided in the report. This includes stored electricity and on board electric generator.

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

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.

Competitive Landscape:

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.

Saudi Arabia Hybrid Electric Vehicle Market News:

• In May 2024, BYD opened its first showroom in Saudi Arabia in Riyadh's Al Ghader district, showcasing both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) like the Qin Plus and Song Plus. The showroom, built with Al-Futtaim Electric Mobility Company, also featured models such as the Han EV, Atto 3, and Seal EV. BYD aimed to expand its presence in Saudi Arabia with more stores and a local new energy ecosystem.
• In February 2024, Al-Futtaim Electric Mobility Company launched BYD, the world's top-selling brand of New Energy Vehicles (NEV), in Saudi Arabia. This move marked a significant step towards sustainable transportation, aligning with Saudi Vision 2030. The event was celebrated across major cities and introduced electric and hybrid vehicles, including the BYD HAN, ATTO 3, and SEAL, to Saudi Arabia.

Saudi Arabia Hybrid Electric Vehicle Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia hybrid electric vehicle market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia hybrid electric vehicle market on the basis of propulsion type?
• What is the breakup of the Saudi Arabia hybrid electric vehicle market on the basis of configuration type?
• What is the breakup of the Saudi Arabia hybrid electric vehicle market on the basis of vehicle type?
• What is the breakup of the Saudi Arabia hybrid electric vehicle market on the basis of power source?
• What is the breakup of the Saudi Arabia hybrid electric vehicle market on the basis of region?
• What are the various stages in the value chain of the Saudi Arabia hybrid electric vehicle market? 
• What are the key driving factors and challenges in the Saudi Arabia hybrid electric vehicle market?
• What is the structure of the Saudi Arabia hybrid electric vehicle market and who are the key players?
• What is the degree of competition in the Saudi Arabia hybrid electric vehicle market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia hybrid electric vehicle market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia hybrid electric vehicle market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia hybrid electric vehicle industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.