UAE’s car market experiences unprecedented growth in 2024
Date
12/8/2024 2:19:36 AM
(MENAFN) The UAE car market is experiencing a period of remarkable and continuous growth, driven by a surge in both traditional and alternative energy vehicles. Sales figures for 2024 have reached new heights, with the total number of cars sold surpassing the 300,000 mark for the first time. This growth reflects a broader trend of increasing consumer demand, not only for conventional fuel-powered cars but also for hybrid and electric models, as the market diversifies and responds to environmental and technological changes.
Electric vehicles (EVs) have seen particularly strong growth in recent years, and 2024 was no exception. The number of electric cars sold in the UAE reached 18,000, a substantial increase from previous years. Experts expect this growth to continue into 2025, with the number of electric vehicles projected to rise to 21,600. This growth is partly fueled by government incentives, increasing consumer awareness of sustainable transportation, and improvements in EV technology that make them more attractive to buyers.
The UAE market is diverse, offering a wide range of vehicles that cater to various customer preferences. In addition to traditional fuel-powered cars, the market has expanded to include a variety of electric, hybrid, and luxury cars, providing options for all types of drivers. Among the most popular vehicles, Japanese brands lead the market, followed by strong contenders from Korea, China, the United States, Germany, Italy, and France. Each of these countries brings a unique style and technological innovation to the table, ensuring that consumers have access to high-quality cars from a range of global manufacturers.
Looking ahead, the UAE’s car market is expected to maintain its upward trajectory. The country’s infrastructure, government support for green technologies, and a growing trend toward eco-conscious consumerism are all expected to contribute to the continued expansion of the automotive sector. As new models are introduced and more consumers make the shift toward hybrid and electric vehicles, the UAE is poised to remain a leader in the region for car sales and innovation in the automotive industry.
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