UAE Residents Consider Buying EVs

According to Audi Abi Dhabi report, rising fuel prices have led to a significant shift in UAE residents’ attitudes towards hybrid and electric vehicles (EVs).

About 52 per cent of UAE residents are considering switching to hybrid or electric vehicles as the increase in fuel prices influences their spending habits.

Depending on the type of car you drive, the average cost of filling a fuel tank can be upwards of AED 270 versus AED 8.25 to fully charge an EV battery with a 110 kWh charger. With electric vehicles, owners also save on operating expenses,” says Mark Austin, Audi Abu Dhabi General Manager.

The prices announced by the UAE Fuel Price Committee in April were the highest ever since they were deregulated in 2015. In May, prices slightly declined. Previously they rose by more than 10 per cent in February, 10 per cent in March and 16 per cent in April, as global oil prices surged beyond $100 a barrel.

According to Audi report, while many are ready to buy EV, nearly 25% stated that they are waiting for more options to be launched in the market to make a purchase. 14% said they recently bought a petrol car but wished they would have purchased a hybrid/ EV instead.