The Fort Worth Press - In fuel-guzzling Saudi Arabia, electric cars pique interest

USD -
AED 3.67315
AFN 62.501894
ALL 82.895377
AMD 377.43981
ANG 1.790083
AOA 917.000249
ARS 1397.043972
AUD 1.426269
AWG 1.8
AZN 1.701164
BAM 1.689807
BBD 2.011068
BDT 122.513867
BGN 1.709309
BHD 0.377544
BIF 2965
BMD 1
BND 1.277469
BOB 6.900038
BRL 5.264202
BSD 0.998523
BTN 93.323368
BWP 13.643963
BYN 2.973062
BYR 19600
BZD 2.008078
CAD 1.373215
CDF 2272.999771
CHF 0.787065
CLF 0.023082
CLP 911.430295
CNY 6.880496
CNH 6.887385
COP 3710.78
CRC 465.684898
CUC 1
CUP 26.5
CVE 95.249798
CZK 21.08545
DJF 177.719921
DKK 6.43939
DOP 59.874978
DZD 132.329874
EGP 52.333484
ERN 15
ETB 157.374943
EUR 0.86197
FJD 2.215403
FKP 0.749521
GBP 0.745075
GEL 2.714994
GGP 0.749521
GHS 10.90504
GIP 0.749521
GMD 73.000295
GNF 8780.000427
GTQ 7.648111
GYD 208.902867
HKD 7.83385
HNL 26.519871
HRK 6.492297
HTG 130.780562
HUF 333.9935
IDR 16887
ILS 3.11565
IMP 0.749521
INR 93.20435
IQD 1310
IRR 1315050.000338
ISK 123.759468
JEP 0.749521
JMD 157.274927
JOD 0.709002
JPY 158.436498
KES 129.499915
KGS 87.449895
KHR 4014.999734
KMF 424.99986
KPW 900.003974
KRW 1486.099262
KWD 0.306469
KYD 0.832131
KZT 481.288689
LAK 21549.999713
LBP 89550.00001
LKR 313.539993
LRD 183.597935
LSL 16.929749
LTL 2.95274
LVL 0.60489
LYD 6.395005
MAD 9.36197
MDL 17.464295
MGA 4164.999833
MKD 53.144761
MMK 2099.452431
MNT 3566.950214
MOP 8.056472
MRU 40.109805
MUR 46.790313
MVR 15.449851
MWK 1737.000048
MXN 17.785601
MYR 3.939498
MZN 63.909518
NAD 16.820349
NGN 1377.369623
NIO 36.720223
NOK 9.74727
NPR 149.304962
NZD 1.705335
OMR 0.384476
PAB 0.998475
PEN 3.472965
PGK 4.305501
PHP 59.433501
PKR 279.249835
PLN 3.669815
PYG 6524.941572
QAR 3.644019
RON 4.391298
RSD 101.219943
RUB 81.918638
RWF 1460
SAR 3.754283
SBD 8.051718
SCR 15.300947
SDG 600.999966
SEK 9.32207
SGD 1.27543
SHP 0.750259
SLE 24.549817
SLL 20969.510825
SOS 571.503487
SRD 37.336497
STD 20697.981008
STN 21.167495
SVC 8.736371
SYP 110.564047
SZL 16.84983
THB 32.320382
TJS 9.540369
TMT 3.5
TND 2.905027
TOP 2.40776
TRY 44.311498
TTD 6.778753
TWD 31.844023
TZS 2595.000352
UAH 43.841339
UGX 3769.542134
UYU 40.685845
UZS 12205.000114
VES 456.504355
VND 26341
VUV 119.226095
WST 2.727792
XAF 566.728441
XAG 0.014406
XAU 0.000226
XCD 2.70255
XCG 1.799457
XDR 0.706079
XOF 568.498074
XPF 103.402677
YER 238.650295
ZAR 16.7911
ZMK 9001.19753
ZMW 19.346115
ZWL 321.999592
  • CMSC

    0.2300

    22.88

    +1.01%

  • BCC

    3.9550

    72.255

    +5.47%

  • AZN

    0.7100

    184.31

    +0.39%

  • BCE

    0.0250

    25.815

    +0.1%

  • RIO

    2.9300

    86.08

    +3.4%

  • BTI

    0.5300

    57.9

    +0.92%

  • CMSD

    0.1116

    22.77

    +0.49%

  • GSK

    0.2250

    52.065

    +0.43%

  • NGG

    0.1600

    82.15

    +0.19%

  • RBGPF

    -13.5000

    69

    -19.57%

  • JRI

    -0.0700

    11.7

    -0.6%

  • RYCEF

    0.9000

    16.2

    +5.56%

  • RELX

    0.1700

    33.53

    +0.51%

  • BP

    -1.3250

    43.455

    -3.05%

  • VOD

    0.1600

    14.49

    +1.1%

In fuel-guzzling Saudi Arabia, electric cars pique interest
In fuel-guzzling Saudi Arabia, electric cars pique interest / Photo: © AFP

In fuel-guzzling Saudi Arabia, electric cars pique interest

For Hamed al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings, especially since his other car is a fuel-guzzling four-wheeler favoured by motorists in the desert kingdom.

Text size:

The 39-year-old is part of a small but growing EV consumer base in Saudi Arabia, which hopes to become a hub for the technology as it seeks to diversify its economy away from oil.

Although the EV market in the world's largest oil exporter remains small compared with the United States and China, it tripled last year to nearly 800 cars, according to Saudi business news outlet Al-Iqtisadiyah.

"What drove me to buy an electric vehicle was financial considerations," said Rafidain, who spends up to 2,000 riyals ($530) a month on fuel for his off-road vehicle.

"Maintenance costs are also lower compared to a conventional vehicle, with no oil changes and no brake-pad replacements," he added, pointing to the engine-free storage space under the hood of his new car.

Chinese EV giant BYD is expected to dominate the Saudi market. Its global rival Tesla of the United States has no dealerships in the Gulf kingdom.

With eight million residents, Riyadh experiences traffic jams that contribute to high pollution levels.

Rafidain said he chose an EV because of environmental concerns, noting electric vehicles "help reduce global warming in cities".

For a little over $53,300, he bought a BYD that he mostly uses for short trips within the capital.

- EV challenges -

A lack of charging infrastructure and Saudi Arabia's vast size mean that many view their EVs as suitable for shorter trips, rather than replacements for conventional vehicles.

Using an EV for travel outside the city was a "gamble, especially since the infrastructure is still underdeveloped", Rafidain said, noting the range of current batteries is only about 400 kilometres (250 miles).

While BYD and Lucid install charging stations directly at customers' homes, the Electric Vehicle Infrastructure Company (Eviq) is working to place them elsewhere, aiming for 5,000 across the country by 2030.

EV prices remain high in Saudi Arabia, where fuel costs are lower than in most countries, with a litre of petrol costing $0.62.

A vehicle from Lucid, which opened a factory in Jeddah last year after a billion-dollar Saudi investment, costs $92,000, but the arrival of BYD is expected to make EVs more affordable.

Industry expert Hossam Iraqi said EVs are less popular among Saudis owing to their size and performance in extreme heat.

"Most current electric vehicle production is small to medium-sized, which does not suit the needs of large Saudi families," he said, adding the Gulf region's extreme heat has an impact on battery efficiency.

- Saudi surge -

Salesman Hassan Mohammed expects strong EV sales this year, as demand grows at home and abroad.

"More than one car brand has opened its doors in the kingdom and now offers after-sales service, which has encouraged consumers," he said at an exhibition in northern Riyadh, where Saudis test-drove cars.

Al-Iqtisadiyah reported in April that Saudi Arabia imported only 779 EVs in 2023, up from 210 the previous year, citing official Saudi statistics.

The country is also ramping up domestic production.

Saudi Arabia's sovereign wealth fund, PIF, now controls 60 percent of Lucid and has secured a deal with South Korea's Hyundai to establish a plant in the kingdom for both EVs and petrol-powered cars.

Additionally, Saudi EV brand CEER, launched in 2022, plans to start production in 2025.

Earlier this year, Saudi Industry Minister Bandar al-Kharif said the country was aiming to produce 300,000 EVs annually, without giving a timeline.

Riyadh, targeting carbon neutrality by 2050, was also in talks with battery producers, he said.

For now, some still prefer hybrid vehicles, which use both batteries and petrol to go longer distances.

"The balance between electricity and gasoline is economical and convenient," said Omar el-Shami, a 43-year-old Egyptian pharmacist, as he charged the car he bought for his wife.

"Things may change in the future," he said.

C.Dean--TFWP