Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions (Western, Southern, Eastern, Central) And Competitive Landscape.
Product Code: ETC072114 | Publication Date: Apr 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 14 | No. of Tables: 8 | |
Report Name | Bahrain Electric Vehicle Market |
Forecast period | 2025-2031 |
CAGR | 32.4% |
Growing Sector | Private Sector |
Bahrain Electric Vehicle Market report thoroughly covers the market By Vehicle Types, By Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Bahrain Electric Vehicle Market Growth can be attributed to various factors such as government initiatives, technological advancements, and increasing consumer awareness. With the rising concerns about climate change and depleting fossil fuel reserves, the demand for electric vehicles is on the rise globally. This trend is also seen in Bahrain, where the government has taken several measures.
According to 6Wresearch, the Bahrain Electric Vehicle Market Size is expected to reach a significant CAGR of 32.4% during the forecast period 2025-2031. One of the main drivers for the rise of electric vehicles in Bahrain is government initiatives and policies. The government has set ambitious targets for reducing carbon emissions, with a goal of reaching net-zero emissions by 2050. To achieve this, they have implemented various incentives and subsidies for both manufacturers and consumers of electric vehicles. Apart from this, increasing public awareness and concern for the environment. People are becoming more conscious about the impact of their actions on the planet and are looking for ways to reduce their carbon footprint. Therefore, many individuals are opting for electric vehicles as an environmentally friendly alternative to traditional gasoline-powered cars.
One major challenge facing Bahrain's electric vehicle market is the lack of infrastructure. While there has been progress in setting up charging stations across the country, it is still not enough to meet the expected demand from an increasing number of EV owners. Additionally, the high upfront cost of purchasing an EV. The initial investment for an electric car is significantly higher compared to a traditional gasoline or diesel vehicle. This can be attributed to the advanced technology and expensive battery systems used in EVs.
Bahrain Electric Vehicle Industry is expected to witness significant growth in the coming years, as there is a growing demand for sustainable transportation options. The government of Bahrain has set ambitious targets to increase the adoption of electric vehicles in the country, which will further drive the growth of this market. One of the key trends that will shape the Bahrain electric vehicle market from 2025 to 2031 is the increasing focus on clean energy and sustainability. With rising concerns about climate change and air pollution, governments across the world are pushing for a transition towards cleaner modes of transportation.
Bahrain Electric Vehicle Market Share has been actively promoting the use of electric vehicles (EVs) as a way to reduce carbon emissions, decrease reliance on fossil fuels, and improve air quality. One of the major investment opportunities in the Bahrain EV market is in charging infrastructure. With an increasing number of EVs on the road, there is a growing demand for charging stations. The government has already invested in establishing fast-charging stations across key locations in the country, but there is still room for private investors to enter this sector. Investing in building and operating charging stations can be lucrative for both domestic and international players.
The electric vehicle market in Bahrain is expected to experience significant growth, with several key players emerging as leaders in the industry. Key players include international manufacturers such as Tesla, Nissan, and BMW, which have introduced innovative electric vehicle models to the region. Additionally, luxury car brands like Porsche and Audi are making strides to capture the premium EV segment. Local and regional distributors play a crucial role, ensuring accessibility to these vehicles while also supporting infrastructure development, like charging stations.
The government of Bahrain has been actively promoting the use of electric vehicles in the country as part of its efforts towards reducing carbon emissions and promoting sustainable transportation. The government has introduced several regulations that will come into effect. One of the major regulations introduced is the mandatory installation of charging infrastructure in all commercial buildings, residential buildings, public parking areas, and petrol stations. This will make it convenient for electric vehicle owners to charge their vehicles while they are out and about.
The future of electric vehicles in Bahrain looks promising, with a steady growth trajectory expected. Several factors are contributing to this trend, including government initiatives, increasing environmental awareness, and technological advancements. One of the major insights for the future of Bahrain's electric vehicle market is the supportive role of government policies and regulations. The government has set ambitious targets to reduce carbon emissions and promote sustainable transportation by encouraging the use of electric vehicles. In addition, several incentives such as tax exemptions, subsidies, and free parking spaces have been introduced to make electric vehicles more financially attractive for consumers.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Passenger cars are the leading segment in the Bahrain electric vehicle market. With rising concerns over air pollution and increasing government support, more individuals are opting for electric passenger cars. These vehicles have zero tailpipe emissions and contribute towards reducing carbon footprint.
According to Ravi Bhandari, Research Head, 6wresearch, The Western region of Bahrain currently leads the electric vehicle market. This can be attributed to its well-developed infrastructure, which includes a network of charging stations and government initiatives promoting the use of electric vehicles.
The market report has been segmented and sub-segmented into the following categories:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope and Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Bahrain Electric Vehicle Market Overview |
3.1 Bahrain Electric Vehicle Market Revenues and Volume (2021-2031F) |
3.2 Bahrain Electric Vehicle Market Industry Life Cycle |
3.3 Bahrain Electric Vehicle Market Porter’s Five Forces Model |
3.4 Bahrain Electric Vehicle Market Revenue and Volume Share, By Vehicle Types (2021 & 2031F) |
4. Impact Analysis of COVID-19 on Bahrain Electric Vehicle Market |
5. Bahrain Electric Vehicle Market Dynamics |
5.1 Impact Analysis |
5.2 Market Drivers |
5.3 Market Restraints |
6. Bahrain Electric Vehicle Market Trends & Evolution |
7. Bahrain Electric Vehicle Market Overview |
7.1 Bahrain Electric Vehicle Market Revenues and Volume (2021-2031F) |
7.2 Bahrain Electric Vehicle Market Revenue and Volume Share, By Vehicle Types (2021 & 2031F) |
7.3 Bahrain Electric Vehicle Market Revenues and Volume, By Vehicle Types (2021-2031F) |
7.3.1 Bahrain Electric Vehicle Market Revenues and Volume, By Passenger Cars (2021-2031F) |
7.3.2 Bahrain Electric Vehicle Market Revenues and Volume, By Commercial Vehicles (2021-2031F) |
7.3.3 Bahrain Electric Vehicle Market Revenues and Volume, By Two Wheelers (2021-2031F) |
7.4 Bahrain Electric Vehicle Market - Key Performance Indicators |
7.5 Bahrain Electric Vehicle Market - Opportunity Assessment |
7.6 Bahrain Electric Vehicle Market Revenue Share/Ranking, By Companies (2024) |
8. Bahrain Electric Vehicle Market - Price Trend Analysis |
9. Bahrain Electric Vehicle Market Competitive Landscape |
9.1 Bahrain Electric Vehicle Market Competitive Benchmarking, By Operating Parameters |
10. Company Profiles |
10.1 Nissan Motor Co, Ltd. |
10.2 Tesla, Inc. |
10.3 Hyundai Motor Company |
10.4 Toyota Motor Corporation |
10.5 The Volkswagen AG |
10.6 General Motors Company |
10.7 Lucid Group, Inc., |
10.8 Zhengzhou Yutong Bus Co. Ltd. |
10.9 BMW Group |
10.10 MG Motors |
11. Key Strategic Recommendations |
12. Disclaimer |
List of Figures |
1. Bahrain Electric Vehicle Market Revenues and Volume, 2021-2031F ($ Million, Units) |
2. Bahrain Electric Vehicle Market Revenue Share, By Vehicle Types, 2021 & 2031F |
3. Bahrain Electric Vehicle Market Volume Share, By Vehicle Types, 2021 & 2031F` |
4. Bahrain Electric Vehicle Market Revenue Share, By Countries, 2021 & 2031F |
5. GDP Share of Oil and Gas Sector in Bahrain, 2024 |
6. PM2.5 concentration in Bahrain countries, 2024 |
7. Electric car battery prices, 2021-2031, USD/kWh |
8. Bahrain Electric Vehicle Market Revenues and Volume, 2021-2031F ($ Million, Units) |
9. Bahrain Electric Vehicle Market Revenues and Volume, 2021-2031F ($ Million, Units) |
10. Bahrain Electric Vehicle Market Volume Share, By Vehicle Types, 2021 & 2031F |
11. Total Imports of Motor Vehicles in Bahrain, 2021-2031 ($ Thousand) |
12. Distribution of EV Connectors in 2024 |
13. Bahrain Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2031F |
14. Bahrain Electric Vehicle Market Revenue Ranking, By Companies, 2021 |
List of Tables |
1. Emission targets and carbon emission by Bahrain countries in 2024 |
2. Fuel prices in different countries, 2024 |
3. Bahrain Electric Vehicle Market Revenues, By Vehicle Types, 2021-2031F ($ Million) |
4. Bahrain Electric Vehicle Market Volume, By Vehicle Types, 2021-2031F (Units) |