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  • 30-06-22

    UAE witnesses increase of 200pct for EVs due to high gas costs

    (MENAFN) Request for electric vehicles (EVs) has risen in a massive way in the UAE as fuel costs recoded it highest ever rate in June.

    Industry managers state that motorists, mainly those who regularly drive through different emirates of the UAE, are progressively swapping to EVs as new automobiles also make their way into the UAE.

    Belal Nasr, chief executive of New Auto, assured that EVs are extremely financial seeing the high oil costs in the UAE.

    Nasr stated that "Instead of spending Dh2,000 on fuel, we can pay the same amount as instalments for the new electric vehicle. Also, banks are offering very attractive interest rates on electric vehicles and the government also encourages the use of electric cars."

    While Mark Austin, general manager, Audi Abu Dhabi stated that "Interest in EVs has continued to grow organically over time. However, increasing petrol prices has certainly accelerated the shift in consumers' attitude towards EV adoption."

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