Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions (Western, Southern, Eastern, Central), And by Competitive Landscape.
Product Code: ETC072111 | Publication Date: Feb 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 12 | No. of Tables: 8 |
Qatar Electric Vehicle Market report comprehensively covers the market by vehicle types and regions. Qatar electric vehicle market report provides an unbiased and detailed analysis of the ongoing 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.
Qatar Electric Vehicle Market is in its early stages of development. However, it is expected to grow in the coming years due to growing concerns regarding air pollution and the need for more sustainable transportation solutions. The market has encountered various developments such as government initiatives, investment in charging infrastructure, and so forth. The government has launched several initiatives to promote the adoption of EVs in Qatar such as tax incentives for EV buyers and the expansion of charging infrastructure. In addition, companies and the government are investing in the development of charging infrastructure which includes fast charging stations to support the growth of the EV market in Qatar.
Qatar is partnering with global automakers to bring electric and hybrid vehicles to the country and support the growth of the industry. The expansion of car-sharing services in Qatar is increasing that offer EVs as part of their fleets to satisfy environmentally conscious consumers. There is a growing demand for luxury EVs in Qatar, with automakers such as Audi, Tesla, and Porsche offering their latest models. The electric vehicle market in Qatar is expected to continue its growth mainly due to government initiatives and increasing demand for sustainable transportation solutions that are energy efficient.
Qatar electric vehicle market is projected to register exponential growth during the forecast period on account of government initiatives such as the ‘Green Car Initiative’ which was launched by Qatar General Electricity & Water Corporation (Kahramaa), in collaboration with the Ministry of Energy and Industry and the Ministry of Transport and Communications (MoTC) to increase the number of electric cars in the country and contribute to achieving the sustainability targets set under Qatar National Vision 2030. However, Qatar's electric vehicle market is at a nascent stage, the market witnessed minimum sales in the previous few years due to the outbreak of the Covid-19 pandemic.
According to 6Wresearch, Qatar electric vehicle market size grew at a CAGR of 31.4% during 2022-2028. By 2022, Qatar's Ministry of Transport and Communications (MoTC) aims to make 25% of the public transit bus fleet in Qatar electric, as part of its electric vehicle strategy to provide safe, reliable, and eco-friendly services in line with the pillars of the Qatar National Vision 2030 for social, economic and environmental development. Public buses, government school buses, and Doha Metro feeder buses are expected to gradually shift to electrification, thereby contributing to achieving emission targets from buses by 2030. The electrified buses are to be used during the FIFA World Cup Qatar 2022, making it the first championship where electric mass transit buses would be deployed.
In 2021, commercial vehicles garnered most of the revenue and volume share in Qatar electric vehicles market and are further expected to lead the growth of electric vehicles in the country. The primary reason for the growth of the electric commercial vehicles sector was the government’s Electric Vehicle Strategy comprised of gradual electrification of the bus system including school, public and metro feeder buses.
The report provides a detailed analysis of the following market segments:
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. Qatar Electric Vehicle Market Overview |
3.1 Qatar Electric Vehicle Market Revenues and Volume (2018-2028F) |
3.2 Qatar Electric Vehicle Market Industry Life Cycle |
3.3 Qatar Electric Vehicle Market Porter’s Five Forces Model |
3.4 Qatar Electric Vehicle Market Revenue and Volume Share, By Vehicle Types (2021E & 2028F) |
4. Impact Analysis of COVID-19 on Qatar Electric Vehicle Market |
5. Qatar Electric Vehicle Market Dynamics |
5.1 Impact Analysis |
5.2 Market Drivers |
5.3 Market Restraints |
6. Qatar Electric Vehicle Market Trends & Evolution |
7. Qatar Electric Vehicle Market Overview |
7.1 Qatar Electric Vehicle Market Revenues and Volume (2018-2028F) |
7.2 Qatar Electric Vehicle Market Revenue and Volume Share, By Vehicle Types (2021E & 2028F) |
7.3 Qatar Electric Vehicle Market Revenues and Volume, By Vehicle Types (2018-2028F) |
7.3.1 Qatar Electric Vehicle Market Revenues and Volume, By Passenger Cars (2018-2028F) |
7.3.2 Qatar Electric Vehicle Market Revenues and Volume, By Commercial Vehicles (2018-2028F) |
7.3.3 Qatar Electric Vehicle Market Revenues and Volume, By Two Wheelers (2018-2028F) |
7.4 Qatar Electric Vehicle Market - Key Performance Indicators |
7.5 Qatar Electric Vehicle Market - Opportunity Assessment |
7.6 Qatar Electric Vehicle Market Revenue Share/Ranking, By Companies (2021E) |
8. Qatar Electric Vehicle Market - Price Trend Analysis |
9. Qatar Electric Vehicle Market Competitive Landscape |
9.1 Qatar 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. Qatar Electric Vehicle Market Revenues and Volume, 2018-2028F ($ Million, Units) |
2. Qatar Electric Vehicle Market Revenue Share, By Vehicle Types, 2021E & 2028F |
3. Qatar Electric Vehicle Market Volume Share, By Vehicle Types, 2021E & 2028F` |
4. Qatar Electric Vehicle Market Revenue Share, By Countries, 2021E & 2028F |
5. GDP Share of Oil and Gas Sector in Qatar, 2020 |
6. PM2.5 concentration in Qatar countries, 2020 |
7. Electric car battery prices, 2010-2025F, USD/kWh |
8. Qatar Electric Vehicle Market Revenues and Volume, 2018-2028F ($ Million, Units) |
9. Qatar Electric Vehicle Market Revenues and Volume, 2018-2028F ($ Million, Units) |
10. Qatar Electric Vehicle Market Volume Share, By Vehicle Types, 2021E & 2028F |
11. Total Imports of Motor Vehicles in Qatar, 2017-2020 ($ Thousand) |
12. Distribution of EV Connectors in 2021 |
13. Qatar Electric Vehicle Market Opportunity Assessment, By Vehicle Types, 2028F |
14. Qatar Electric Vehicle Market Revenue Ranking, By Companies, 2021E |
List of Tables |
1. Emission targets and carbon emission by Qatar countries in 2020 |
2. Fuel prices in different countries, 2021 |
3. Qatar Electric Vehicle Market Revenues, By Vehicle Types, 2018-2028F ($ Million) |
4. Qatar Electric Vehicle Market Volume, By Vehicle Types, 2018-2028F (Units) |