SUSTAINABILITY
UAE online searches for electric vehicles soars 60% in 1H2023 says CARS24
The move to electric mobility is gathering pace among UAE motorists according to a new report from CARS24, which showed online searches for electric vehicles in the first half of 2023 have soared 60% compared with H2 of 2022. The CARS24 Used Car Market Insights H1 2023 Report shows that electric vehicles currently make up just over 1% of the UAE car market, but the switch to electric is clearly becoming a popular option with car buyers with the rapid rise in searches. The movement aligns with the UAE’s drive towards electric
mobility. Dubai recently announced plans to grow its electric charging station network by 170% by 2025, from the current 370 to more than 1,000. A report by Arthur D Little ranks the UAE 8th on the global readiness scale for electric mobility, while the improving infrastructure and rising fuel prices have contributed to a rise in the number of drivers considering purchasing an EV. Meanwhile, the CARS24 H1 report also underlines the strength of the UAE used car market and increasing popularity of pre-owned vehicles. According to the report, for every new
car sold in the UAE, three preowned vehicles are purchased. Additionally, UAE’s increasing population, which is now around 10.2 million people, has increased demand for vehicles. Subsequently, there has also been strong growth in the preowned car market, particularly among millennial car buyers (aged 25-44). Buyers within this segment have increased 20% in the first half of H1 compared with the second half of 2022. There is a rising awareness among young consumers about the associated costs of owning a new car, with budget and trust in the auto retailer among key considerations when looking at pre-owned cars. The CARS24 report also revealed a rise in the number of female drivers interested in buying a pre-owned car. In the first half of 2023, the number of female buyers on the CARS24 platform rose by 15%, compared with a 13% rise in male buyers.
Tayer Group, will take the lead on this partnership. The combined expertise of both companies will maximize resource efficiency and minimize the environmental impact associated with EV battery waste. As the region’s first-ever EV and battery logistics hub, DHL EV Centre of Excellence will help enable the circular flow of EV batteries, in collecting used products for recovery, linking markets, and providing transparency across the
circular value chain. EnviroServe’s extensive experience in EV battery recycling will employ advanced processes to extract valuable materials from spent EV batteries, such as lithium, cobalt, nickel, and other rare earth metals, which can then be reused as raw materials in future production cycles. This collaboration represents a significant step forward in achieving a greener and more sustainable future for the electric vehicle industry in MEA.
Danzas, DHL, EnviroServe partner to introduce electric vehicle battery recycling in UAE DHL Global Forwarding, the market leader in freight forwarding and logistics, and EnviroServe, the largest e-waste recycling company in the Middle East and Africa region, jointly announced their collaboration to revolutionize electric vehicle battery recycling solutions. This groundbreaking partnership aims to establish a circular economy model for EV batteries, maximizing resource efficiency and minimizing waste generation. Danzas AEI Emirates LLC, the joint venture between DHL Global Forwarding and Al
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