Saudi Arabia Automotive Electric Two Wheeler Market By Vehicle Type, By Range and Forecast 2027
Posted by arshiyashaikh on September 30th, 2022
Saudi Arabia Electric Two-Wheeler Market was valued at USD 117.72 thousand in 2022E and is forecast to grow at a CAGR of 78.24% through 2027 to reach USD 2,117.94 thousand by 2027. Saudi Arabia electric two-wheeler market is driven by various factors such as rising fuel price, government initiative towards renewable energy, etc. In Saudi Arabia till 2021, there were no electric two wheelers on road but in 2022 some units of electric two wheelers were imported. The government of Saudi Arabia has taken initiatives to increase the sales of electric two-wheelers in different region of Saudi Arabia.
Two wheelers are way more famous among the tourists, every year around 60 million people come to visit Saudi Arabia, which makes it a popular tourist spot. Two-wheelers are more popular among the tourists for desert safari and many more. To manage the demand for two wheelers, companies like Eagle Rider have started to offer two wheelers for rental, tour, etc. Currently they are offering fuel based two wheelers and are planning to introduce electric two wheelers. With rising awareness for the environment among the people in country, the sales of electric vehicles are expected replace those of conventional two wheelers used for shared mobility, and this is expected to positively impact the Saudi Arabia electric two- wheeler market.
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