Press Release

Saudi Arabia Electric Bus Market to Grow with a CAGR of 7.81% in Saudi Arabia through to 2028

Government support and initiatives, aligned with the Vision 2030 plan, which emphasizes sustainability and economic diversification are the factors driving market in the forecast period 2024-2028

According to TechSci Research report, “Saudi Arabia Electric Bus Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Saudi Arabia Electric Bus Market stood at USD 80.31 Million in 2022 and is anticipated to grow with a CAGR of 7.81% in the forecast period, 2023-2028. 
Saudi Arabia's embrace of electric buses can be seen as a strategic move, given the country's status as one of the world's largest oil producers. The government's Vision 2030 plan, announced in 2016, seeks to transform the nation's economy and reduce its dependency on oil. As part of this vision, the Saudi government has set clear targets for the adoption of electric vehicles, which include not only passenger cars but also public transportation, particularly electric buses.

One of the key measures to stimulate the electric bus market is the introduction of various incentives. The Saudi government has implemented subsidies and tax benefits to make electric buses more affordable for both manufacturers and end-users. These incentives are designed to encourage local production of electric buses and attract international manufacturers to invest in the Saudi market. They are also aimed at reducing the operational costs for fleet operators, making electric buses a more financially viable choice.

In addition to incentives, the government has been actively engaging with cities and public transportation authorities to promote the adoption of electric buses. Major cities like Riyadh and Jeddah have been taking steps to integrate electric buses into their public transportation systems. The goal is to reduce air pollution and provide more sustainable urban mobility options for residents.

To support the widespread adoption of electric buses, Saudi Arabia has been investing in charging infrastructure. Building a robust charging network is essential for the success of electric buses. Charging stations are being strategically placed in urban areas and along major transportation routes to ensure that electric buses have the necessary infrastructure for daily operation. The government is also working on regulations and standards to ensure the safety and reliability of these charging facilities.

Moreover, Saudi Arabia is exploring partnerships with international electric bus manufacturers to transfer technology and expertise into the country. Collaborations with global players in the electric bus industry aim to accelerate the local production and deployment of electric buses.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Saudi Arabia Electric Bus Market.”

Riyadh, the capital of Saudi Arabia, has been at the forefront of the electric bus revolution. The city has been actively investing in modernizing its public transportation system. The Riyadh Metro project, for example, includes plans for electric buses to complement the metro lines, providing last-mile connectivity. These electric buses are expected to reduce traffic congestion and improve urban air quality. The city's commitment to electric buses aligns with the broader Vision 2030 plan, which envisions Riyadh as a modern, sustainable metropolis with efficient and eco-friendly public transportation options.

Jeddah, another major city in Saudi Arabia, has also been making strides in sustainable urban mobility. The city has been testing and deploying electric buses in its public transit system. By integrating electric buses into the transportation network, Jeddah aims to reduce its carbon footprint and alleviate traffic congestion, issues commonly faced by metropolitan areas. This approach reflects a trend observed in many urban areas globally, as cities look to electric buses as a way to meet environmental and transportation goals.

Saudi Arabia's Eastern Province, a key hub for the oil and petrochemical industries, has also shown a growing interest in electric buses. This region, with its heavy industrial footprint, is not only focusing on reducing emissions but also diversifying its economic activities. The presence of electric buses in the Eastern Province highlights the acknowledgment of the need for sustainable transportation within even traditionally energy-intensive areas. It also serves as a model for how regions tied to the fossil fuel industry can transition towards cleaner and more sustainable transportation solutions.

Beyond the major cities, the electric bus market has been extending to the northern regions of Saudi Arabia. The expansion of electric bus services in these areas is part of the government's effort to make sustainable transportation accessible throughout the country. Northern regions often have vast territories, and electric buses are seen as a way to bridge transportation gaps and offer environmentally friendly options in areas where public transportation is crucial.

In summary, regional insights into the electric bus market in Saudi Arabia demonstrate a nationwide commitment to sustainable mobility. Major cities like Riyadh and Jeddah are taking the lead, aligning their public transportation systems with global trends in eco-friendly transit. The Eastern Province showcases the broader shift towards sustainable transportation in traditionally oil-centric regions. Additionally, the expansion of electric buses to the northern regions reflects the government's dedication to making eco-friendly options accessible throughout the nation. These regional developments collectively contribute to Saudi Arabia's ongoing efforts to reduce greenhouse gas emissions and promote environmentally responsible transportation alternatives.

Major companies operating in Saudi Arabia Electric Bus Market are:

  • Tata Motors Limited
  • Zhuzhou CRRC Times Electric Co Ltd.
  • Mercedes-Benz AG (Juffali Commercial Vehicles)
  • AB Volvo (Zahid Tractor & H.M Co. Ltd)

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“In the evolving landscape of the Saudi Arabian electric bus market, the industry is optimistic about the nation's commitment to electric mobility. Government initiatives, including incentives and infrastructure development, signal a strong drive toward sustainability and economic diversification. Saudi cities, particularly Riyadh and Jeddah, are setting the stage for modern, eco-friendly urban transportation. However, continuous investment in technology transfer and local manufacturing partnerships will be vital to realizing the full potential of electric buses in the country” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Saudi Arabia Electric Bus Market By Seating Capacity (Up to 30-Seater; 31-40-Seater; Above 40), By Propulsion (BEV, HEV, PHEV, FCEV), By Range (0-150 Miles, 151-250 Miles, 251-500 Miles, >500 Miles), By Battery Capacity (<100 KWH, 101-250 KWH, 251-400 KWH, >400 KWH), By Bus Length (Upto 8m; 9-12m; Above 12m), Regional, Competition, Forecast & Opportunities, 2018-2028”, has evaluated the future growth potential of Saudi Arabia Electric Bus Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Electric Bus Market.

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