Middle Easts $9 Billion EV Opportunity Reaffirms Potential In These Stocks
–News Direct–
The Middle East, a region long known for its oil and gas riches, is transitioning to a new, more sustainable future, potentially dominated by electric vehicles.
The UAE, for instance, has launched several initiatives over the past years to encourage the adoption of EVs among its residents. Strategies like the Dubai Green Mobility Strategy 2030 aim to have around 42,000 electric cars on Dubais streets by the end of this decade. Currently, the UAE is ranked 7th globally and is the top country in the MENA region on the Global Electric Mobility Readiness Index (Gemrix), demonstrating the nations dedication to sustainable transportation and its goal of achieving carbon neutrality by 2050.
Like the UAE, the Saudi government has also taken significant steps to drive EV adoption, i...