Saudi Arabia Electric Vehicle Charging Station Market Growth, Trends & Report 2025-2033
Saudi Arabia Electric Vehicle Charging Station Market Overview
Market Size in 2024 : USD 156.1 Million
Market Size in 2033: USD 1,043.3 Million
Market Growth Rate 2025-2033: 22.33%
According to IMARC Group's latest research publication,"Saudi Arabia Electric Vehicle Charging Station Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", Saudi Arabia electric vehicle charging station market size reached USD 156.1 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,043.3 Million by 2033, exhibiting a growth rate (CAGR) of 22.33% during 2025-2033.
Our report includes:
- Market Dynamics
- Market Trends and Market Outlook
- Competitive Analysis
- Industry Segmentation
- Strategic Recommendations
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Saudi Arabia Electric Vehicle Charging Station Market Trends & Drivers:
Saudi Arabia’s Vision 2030 is supercharging the electric vehicle charging station market by pushing for green mobility. The government’s USD 39 billion investment in e-mobility includes plans for 5,000 fast chargers across 1,000 locations, led by the Electric Vehicle Infrastructure Company (EVIC). Electromin’s 700 charging sites, paired with a user-friendly mobile app, make charging a breeze for EV drivers. With 65% of Saudi consumers eyeing EVs, per recent surveys, the demand for accessible chargers is soaring, especially in urban hubs like Riyadh and Jeddah, driving rapid network expansion.
Growing local EV manufacturing is sparking a surge in charging infrastructure. Lucid Motors’ plant in King Abdullah Economic City, backed by USD 3.4 billion from the Public Investment Fund, produces 155,000 EVs annually, boosting charger demand. The National Investment Strategy offers incentives for local production, encouraging firms like Ceer to innovate. This has led to a 170% rise in public charging points in major cities, with companies like Siemens supplying ultra-fast chargers. As EV sales climb, with 15% of new vehicles in Riyadh being electric, charging stations are popping up to keep pace.
Technological advancements are making EV charging faster and smarter in Saudi Arabia. High-temperature-optimized batteries, with 35% better energy density, support chargers like 400 kW units that juice up EVs to 80% in 15 minutes. The Saudi Electric Vehicle Charging Infrastructure Development Initiative (SEVCIDI) backs 50,000 new stations, focusing on DC fast chargers for highways. Apps like PlugShare provide real-time charger data, boosting user convenience. ABB and Schneider Electric are rolling out smart grids, cutting maintenance costs by 20%, ensuring reliable charging in Saudi’s extreme heat.
How AI is Reshaping the Future of Saudi Arabia Electric Vehicle Charging Station Market
AI is completely transforming Saudi Arabia's electric vehicle (EV) charging market, shifting it from a simple network to an intelligent, interconnected ecosystem. A key player in this is EVIQ, a joint venture backed by the Public Investment Fund, which is aggressively working to deploy over 5,000 fast-charging stations nationwide. AI algorithms are being integrated into these stations to optimize energy management, using predictive analytics to forecast demand and dynamically adjust charging rates based on grid conditions. This not only promises a smoother, more reliable charging experience for drivers but also helps manage the load on the power grid. As a result, the Kingdom is on track to have a robust charging infrastructure that supports its ambitious goal of having a significant percentage of vehicles in cities like Riyadh be electric.
We explore the factors propelling the Saudi Arabia electric vehicle charging station market growth, including technological advancements, consumer behaviors, and regulatory changes.
Saudi Arabia Electric Vehicle Charging Station Industry Segmentation:
The report has segmented the market into the following categories:
Charging Station Type Insights:
- AC Charging
- DC Charging
Vehicle Type Insights:
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
Installation Type Insights:
- Portable Charger
- Fixed Charger
Charging Level Insights:
- Level 1
- Level 2
- Level 3
Connector Type Insights:
- Combines Charging Station (CCS)
- CHAdeMO
- Type-1 (SAE J1772)
- Tesla Supercharger
- Type-2 (IEC 62196-2)
- Others
Application Insights:
- Residential
- Commercial
Regional Insights:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Recent News and Developments in Saudi Arabia Electric Vehicle Charging Station Market
- July 2025: Blacklane partners with EVIQ to expand the EV charging network for premium fleet operations, including an integrated charging center at Blacklane’s new Gulf regional headquarters in Riyadh, reinforcing fleet electrification and supporting new mobility hubs.
- April 2025: EVIQ and Lotus sign a strategic partnership to develop dedicated EV charging solutions for Lotus customers in Saudi Arabia, enhancing brand-specific infrastructure and tailored charging experiences for premium vehicle owners.
- March 2025: EVIQ launches its first highway EV charging station at SASCO Aljazeera on the Riyadh-Qassim Highway, bringing high-speed charging for long-distance travelers and signifying a major step towards building a national rapid-charging corridor network.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
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