The country’s Vision 2030 is all about reducing dependence on oil exports and steady economic growth.
In April, the Saudi government revealed that it has ordered between 50,000 and 100,000 electric vehiclessaid back then, "Delivering up to 100,000 Lucid electric vehicles in Saudi Arabia represent another pivotal moment in our acceleration of sustainable transportation worldwide."
Rawlinson continued, "We are delighted to be supporting Saudi Arabia in achieving its sustainability goals and net zero ambitions, as outlined by Saudi Vision 2030 and the Saudi Green Initiative, by bringing our advanced luxury EVs to Saudi Arabia. We plan to start manufacturing cars in 2025, and we will increase production in 2026 and 2027 to reach 150,000 cars annually.
As a part of Vision 2030, Saudi Arabia aims to increase its non-oil gross domestic product to 50 percent compared to 16 percent today. The plan's bold objective is to have at least 30 percent of the automobiles and trucks in the Saudi capital Riyadh run on electricity by the turn of the decade. We are thrilled to see the outcome of Saudi Arabia's Vision 2030, as the country trying to cut its carbon emissions is the world's largest oil exporter.
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