An EV revolution is happening in the heart of OPEC

June 20, 2025

, By The Economic Times

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Think of the most important markets for electric vehicles, and you’ll have a list of the usual suspects: Norway, China, Germany, the UK. But Dubai?

It seems improbable, but ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#SME#href” href=”https://economictimes.indiatimes.com/topic/opec” target=”_blank”>OPEC’s second-biggest exporter deserves a place alongside those other markets. Fully-electric vehicles comprised 10% of the value of cars imported into the United Arab Emirates last year, according to trade data. Throw in hybrids and plug-in hybrids, and more than a quarter of the market is switching to batteries.

That’s a troubling sign for the UAE and its oil-exporting…

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An EV revolution is happening in the heart of OPEC

June 20, 2025

, Published By The Economic Times

Think of the most important markets for electric vehicles, and you’ll have a list of the usual suspects: Norway, China, Germany, the UK. But Dubai?

It seems improbable, but ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#SME#href” href=”https://economictimes.indiatimes.com/topic/opec” target=”_blank”>OPEC’s second-biggest exporter deserves a place alongside those other markets. Fully-electric vehicles comprised 10% of the value of cars imported into the United Arab Emirates last year, according to trade data. Throw in hybrids and plug-in hybrids, and more than a quarter of the market is switching to batteries.

That’s a troubling sign for the UAE and its oil-exporting…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

16 billion passwords stolen in what may be the biggest data leak ever

Next News

EU says it is probing corporate structure of Musk’s X months after xAI deal

The Economic Times

More like this

Popular

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