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FinancialNews


  • 23-08-22

    Saudi Ministry of Energy announces completion of EV charging stations

    (MENAFN) The Saudi Ministry of Energy, in collaboration with additional administrative agencies, declared on Sunday that it had finalized all legislative and technical aspects to normalize the electric automobile charging market, in line with the Saudi Press Agency.

    The team contains the Ministry of Municipal and Rural Affairs, the Ministry of Transport and Logistics, the Ministry of Commerce, the Saudi Electricity Co. as well as the King Abdullah Petroleum Studies and Research Center, and many other organizations.

    The action is going to grow job establishment in the nation and constitute to its green initiative to amount to net-zero carbon by the next 38 years.

    As reported by SPA, the regulating team is going to monitor and follow up on the activity to guarantee that financiers fulfil with the arrangement supplies for EV charging stations.

    Saad Alkasabi, governor of Saudi Standards, Metrology and Quality Organization stated that the introductions of EV charging equipment were allowable two years ago.

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