https://arab.news/czqcj
RIYADH: Hamed Al-Rafidain, who works in HR, drives a fuel-guzzling 4 X 4, as many in Saudi Arabia do — but his other car is electric.
Al-Rafidain, 39, is part of a small but growing electric vehicle consumer base in the Kingdom, which aims to become a hub for the technology.
“What drove me to buy electric was financial considerations,” said Rafidain, who spends up to SR2,000 ($530) a month on fuel for his off-road vehicle. “Maintenance costs are also lower compared to a conventional vehicle, with no oil changes.”
For a little over $53,300, he bought a BYD mostly for short trips within the capital. Driving outside Riyadh was a “gamble, especially since the infrastructure is still underdeveloped,” Rafidain said.
Saudi Arabia’s sovereign wealth fund, the PIF, owns 60 percent of electric car maker Lucid and South Korea’s Hyundai plans a factory in the Kingdom. The Saudi brand CEER, launched in 2022, expects to start production in 2025. Eventually Saudi Arabia aims to produce 300,000 electric cars a year.
Meanwhile Chinese giant BYD is expected to dominate the Saudi market, since its global rival Tesla has no dealerships in the Kingdom.
Electric car sales tripled last year to nearly 800 and salesman Hassan Mohammed expects more this year. “More than one car brand has opened its doors in the Kingdom and now offers after-sales service, which has encouraged consumers,” he said.