Bahrain Electric Vehicle Market Size & Insights
The Bahrain Electric Vehicle Market size was valued at around USD 1.2 million in 2024 and is projected to reach USD 5.98 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 30.70% during the forecast period, i.e., 2025-30. This high growth is likely to be driven by government mandates and policy support for EV adoption, rising consumer interest, and expanding product offerings.
What are the Key Driver in the Bahrain Electric Vehicle Market??
Government Mandates & Policy Support Driving Market Demand – Bahrain is seeing a rising demand for EVs, primarily driven by government mandates on emissions and policy support for faster EV adoption. The government has committed to a 30% reduction in greenhouse gas emissions by 2035 under its broader commitment to reach net-zero emissions by 2060. This is shifting its focus towards facilitating a conducive environment for EV adoption in the country. This is further supported by its mission to reduce reliance on oil and promote clean technologies under the ‘Economic Vision 2030’ plan.
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What are the Key Segments in the Bahrain Electric Vehicle Market?
The Bahrain Electric Vehicle is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Two-wheelers
Passenger vehicles form the dominant segment based on vehicle type, with an estimated market share of around 85-90%.
By Power Source
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
BEV is the dominant segment based on power source, with an estimated market share of 70-75%.
By Battery Type
- Lithium-Ion Battery
- Lithium Titanate Oxide (LTO)
How does geographical analysis highlight in the Bahrain Electric Vehicle market?
By Region
- North
- Central
- South.
Who are the Key Players in Bahrain Electric Vehicle Market?
- Renault Group
- Tesla
- Chevrolet
- BMW AG
- Hyundai Motor Company
- Nissan Motor Corporation
- Ford Motor Company
- Porsche Middle East & Africa
- Toyota Motor Corporation
- Ashok Leyland
- Volvo Car Corporation
- Others.
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Bahrain Electric Vehicle Market News
· October 2024: Porsche launched the all-electric Macan and Taycan models in Bahrain at a high-profile event, boosting visibility and brand legitimacy in the premium EV market.
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