Driving the next phase of mobility
This Market Talk was written in collaboration with Mashreq as part of the ongoing Mashreq MEED partnership
How do you see the mobility sector evolving in the next few years?
The mobility sector is undergoing a structural shift, with electrification and sustainability emerging as core growth drivers. According to PwC, the UAE’s commercial electric vehicle (EV) market is forecast to grow from $2.61bn in 2025 to $3.95bn by 2030 – a compound annual growth rate of 8.65%. EV penetration is expected to reach 15% of new vehicle sales by 2030, rising to 25% by 2035, reflecting a broader transition away from internal combustion engines towards electric powertrains, underpinned by technological advances and evolving sustainability and efficiency priorities.
