Middle East And Africa (MEA) Electric Vehicle Charging Stations Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Vehicle Type (Battery Electric Vehicle (BEVS), Plug-In Hybrid Electric Vehicle (PHEVS), Hybrid Electric Vehicle (HEV)), By Application (Commercial, Residential), By Charging Type (AC Charging (Level 1 And Level 2), DC Charging), And By Country - Forecasts From 2023 To 2028

The Middle East and Africa (MEA) Electric Vehicle Charging Stations market is expected to grow at a compound annual growth rate of 18.45% over the forecast period to reach a market size of US$236.946 million in 2028, from US$98.395 million in 2021.

An electric vehicle charging station connects an electric vehicle to the source of electricity in order to provide charging to electric vehicles, as well as plug-in hybrids. A key factor that has led to steady growth in the EV charging station market is the rising demand for energy efficiency. Further, increasing prices of fuel, the continuous depletion of fossil fuels, and government initiatives supporting electric vehicles in multiple countries, along with improvement in their charging infrastructure, tax rebates, and subsidies are expected to show growing investments in this infrastructure.

During the forecast period, the market is anticipated to be driven by the region's governments' expanding emphasis on encouraging the usage of EVs and growing awareness of energy storage options in the renewable energy industry. For instance, Abu Dhabi published its legal framework for the emirate's EV charging infrastructure in May 2022. It outlines the rules for who owns, installs, and manages the equipment used to provide electric vehicles, how power is supplied to charging stations, and how end users are charged. Moreover, in order to provide innovative and environmentally friendly transportation options in the Emirate, Dubai Electricity and Water Authority PJSC (DEWA) is stepping up the set of EV charging stations in Dubai. The initiative sparked the creation of the region's first public EV charging infrastructure.

Key Developments

• To encourage EV adoption, DEWA first put 100 EV Charging stations in high-traffic areas all around the city in 2015. Over the course of time, the network has grown to encompass more than 334 EV charging stations offering about 600 charge points. By 2025, DEWA hopes to have over 1,000 community charging stations spread around Dubai.
• The Ministry of Industry and Mineral Resources in Saudi Arabia invested US$6 billion in August 2022 to promote the mining of minerals required in batteries. Additionally, it finances the entire supply chain for electric vehicles.
• Tesla's arrival into the EV industry with its all-electric lineup of vehicles propelled the auto industry expansion in the region. For instance, in October 2021, Tesla entered the African market for the first time after installing the first ever two supercharger stations in Morocco.
• In order to design and deploy Zimbabwe's first EV charging network that is accessible to the general public, ZUVA has teamed with the country's electric automotive manufacturer Electric Vehicle Centre Africa (EVCA), also recognized as BYD Zimbabwe in May 2022. The project began with the installation of a prototype charger in Harare, the nation's capital.

By country, the Middle East and African electric vehicle charging stations market have been segmented into the UAE, Israel, South Africa, and others. The UAE market is estimated to account for a large share in 2021. The UAE government is making initiatives in the development of EV infrastructure which is expected to drive the UAE electric vehicle charging market. Under the UAE Vision 2021, the country has a vision of becoming carbon neutral by 2050 and due to these reasons, the promotion of the adoption of electric vehicles in the country is in high demand. Growing awareness of the stringent norms regarding emissions and the need for environmental sustainability will further aid in market expansion. Similarly, in 2022, Siemens Technology was selected by the United Arab Emirates Ministry of Energy and Infrastructure in order to develop a national EV charging corridor. This installation combined with the network of ultra-fast electric vehicle chargers will support in helping the country to reduce carbon emissions by boosting EV adoption. Further, ABB introduced the quickest electric car charger in the world at Expo 2020 Dubai in December 2021. As many as four automobiles can be charged simultaneously, making it the sole charger in the marketplace. The creative solution from ABB is appropriate for fleet applications, retail parking, urban charging stations, and refueling stations throughout the UAE.

Middle East And Africa (MEA) Electric Vehicle Charging Stations Market Scope:

Key Market Segments

• By Type of Electric Vehicle
  • Battery Electric Vehicle (BEVS)
  • Plug-In-Hybrid Electric Vehicle (PHEVS)
  • Hybrid Electric Vehicle (HEV)
• By Application
  • Commercial
  • Residential
• By Charging Type
  • AC Charging (Level 1 and Level 2)
  • DC Charging
• By Country
  • UAE
  • Israel
  • South Africa
  • Others