Intersolar Sheds Light On The Middle East’s Rapidly Growing Electric Vehicle Market

Renewable Energy WorldJuly 24, 2017149

Intersolar’s host city, Dubai, is quickly becoming a regional leader for the adoption of EVs. A new incentive programme was launched by the Ministry of Energy in May. It will encourage motorists to buy new zero-carbon-emission electric vehicles through green bank loans, green insurance plans, attractive EV prices and green registration of vehicles.

“We are working on a road map to expedite a 15% reduction by 2020 of carbon emissions,” said UAE Minister of Energy Suhail Mohammad Faraj Al Mazroui, whose plan also includes 10% and 20% targets for EV adoption within the government’s own fleet. Al Mazroui was present for the signing of 10 new agreements that will support the UAE in reaching this ambitious goal.

“The new platform is also good news for consumers,” added Al Mazroui, “because it is cooperating with banks, car companies and insurance firms to help educate potential electric vehicle buyers on the benefits of going green to reduce greenhouse gases in the UAE.”

Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of Dubai Supreme Council of Energy, also met with council members who together ratified a similar incentive program to promote the use of electric cars in Dubai specifically. Crucially, the Dubai Electricity and Water Authority (DEWA) will double its electric vehicle charging stations to 200 across Dubai to complete the second phase of their Green Charger initiative.

"Through this initiative, Dewa aims to encourage people to use sustainable transportation of hybrid and electric vehicles, to help reduce carbon emissions in the transport sector, which is the second highest contributor of greenhouse gas emissions in Dubai," explained Saeed Mohammed Al Tayer, MD & CEO of Dewa.

These programs have already sparked the interest of the private sector. Tesla is set to open its first service center in Dubai, after taking an order for 200 Model S and Model X electric vehicles for the city’s taxi and government fleet. The police department there has commissioned a fleet of BMW i3 electric cars, while Volkswagen, Toyota, Renault and Lexus are actively testing zero emission vehicles in the region.

All the pieces of the UAE’s EV puzzle are falling into place and Intersolar’s special conference session will frame this important issue. On Wednesday, September 27th, delegates will learn about recent and future market developments in the world's leading electric vehicle markets. They will network and discuss the best strategies and collaborations to drive their businesses and the UAE into a prosperous electric mobility future.

“The special EV session of the Intersolar Middle East Conference will address the possible expansion scenarios to be examined, including domestic strategies to stimulate demand for electric vehicles, existing support schemes and legislative factors,” said Stephane Le Gentil, CEO at Clean Energy Business Council, who organizes the EV session. “All the latest EV technology developments and anticipated regional trajectories will be discussed with knowledge and purpose.”

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