Saudi Arabia Electric Commercial Vehicles Market Overview

Market Size in 2024: USD 1.37 Billion

Market Size in 2033: USD 14.70 Billion

Market Growth Rate 2025-2033: 26.80%

According to IMARC Group's latest research publication, "Saudi Arabia Electric Commercial Vehicles Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Saudi Arabia electric commercial vehicles market size reached USD 1.37 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 14.70 Billion by 2033, exhibiting a CAGR of 26.80% during 2025-2033.

How AI is Reshaping the Future of Saudi Arabia Electric Commercial Vehicles Market

• Intelligent Fleet Management Systems: AI-powered fleet management platforms are optimizing electric commercial vehicle operations across Riyadh and Jeddah, utilizing predictive analytics to monitor battery health, schedule preventive maintenance, and maximize vehicle uptime while reducing operational costs by up to 30%.
• Smart Charging Infrastructure Optimization: AI algorithms are revolutionizing charging station management by predicting peak demand periods, optimizing energy distribution, and enabling dynamic load balancing across charging networks, ensuring efficient power utilization and reducing charging times for commercial fleets operating in Saudi cities.
• Route Optimization and Range Prediction: Machine learning systems are analyzing traffic patterns, weather conditions, and terrain data to optimize delivery routes for electric commercial vehicles, accurately predicting range requirements and identifying optimal charging stops, thereby enhancing operational efficiency in logistics operations across the Kingdom.
• Predictive Battery Analytics and Energy Management: AI-driven battery management systems continuously monitor cell performance, temperature variations, and charging cycles to predict battery degradation patterns, enabling proactive maintenance scheduling and extending battery lifespan by 20-25% for commercial fleet operators in Saudi Arabia.
• Autonomous Driving and Safety Enhancement: Advanced AI technologies are being integrated into electric commercial vehicles to support autonomous driving features, real-time collision avoidance systems, and driver assistance capabilities, improving safety standards and reducing accident rates in commercial transportation across Saudi urban centers and highways.

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Saudi Arabia Electric Commercial Vehicles Market Trends & Drivers:

Saudi Arabia's electric commercial vehicles market is experiencing remarkable growth driven by comprehensive government support and ambitious sustainability goals under Vision 2030. The government is introducing strategic policies that encourage the adoption of electric vehicles within the business sector, providing substantial financial incentives including subsidies and tax relief to companies transitioning to electric commercial fleets. The National Industrial Development and Logistics Program (NIDLP) is actively supporting local EV manufacturing while developing robust charging infrastructure across the Kingdom. In 2025, Saudi Arabia allocated $9 billion for EV-related materials, demonstrating the Kingdom's commitment to utilizing its $2.5 trillion in unexploited mineral reserves to secure essential resources for electric vehicle production.

The growing demand for cost-efficient and environmentally friendly transportation solutions is significantly propelling market expansion across the commercial sector. Companies in Saudi Arabia are increasingly recognizing the economic benefits of electric commercial vehicles, with reduced operating expenses and fuel cost savings presenting compelling financial advantages. With diesel prices in Saudi Arabia reaching 1.66 SAR per liter in 2025, representing a 44% increase from previous levels, the cost savings offered by electric vehicles are becoming increasingly attractive for commercial fleet operators. The environmental benefits of electric commercial vehicles align perfectly with Saudi Arabia's determination to diversify its economy and enhance environmental standards, while growing corporate focus on sustainability is driving businesses to adopt cleaner operations.

Technological advancements and expanding charging infrastructure are accelerating market growth throughout Saudi Arabia. Manufacturers are continuously improving the performance, efficiency, and range of electric commercial vehicles, making them increasingly suitable for long-distance transportation and diverse commercial applications. The rapid expansion of charging infrastructure is addressing range anxiety concerns and making electric commercial vehicles more viable for daily business operations. EVIQ, the leading EV infrastructure provider in Saudi Arabia, inaugurated its first highway EV charging station at SASCO Aljazeera along the Riyadh-Qassim highway in 2025, representing a significant milestone in the development of nationwide charging networks. The organization plans to install more than 5,000 rapid chargers by 2030, providing high-performance charging solutions aligned with Saudi Arabia's sustainability objectives.

We explore the factors propelling the Saudi Arabia electric commercial vehicles market growth including technological advancements, consumer behaviors, and regulatory changes.

Saudi Arabia Electric Commercial Vehicles Industry Segmentation:

The report has segmented the market into the following categories:

Vehicle Type Insights:

• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)
• Buses

Propulsion Type Insights:

• Battery Electric Vehicle (BEV)
• Plug in Hybrid Vehicle (PHEV)
• Fuel Cell Electric Vehicle (FCEV)

Battery Capacity Insights:

• <50kwh
• 50-150 kwh
• 150kwh

End User Insights:

• Logistics
• Last Mile Delivery

Breakup by Region:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Recent News and Developments in Saudi Arabia Electric Commercial Vehicles Market

• January 2025: EVIQ partnered with BYD to expand Saudi Arabia's electric vehicle charging network, with plans to deploy more than 5,000 charging stations in strategic locations by 2030, supporting the Kingdom's goal to become a leader in the EV industry as global projections suggest eco-friendly vehicles will account for 50% of car sales by 2035.
• March 2025: EVIQ, Saudi Arabia's leading EV infrastructure provider, inaugurated its first highway electric vehicle charging station at SASCO Aljazeera on the Riyadh-Qassim highway, marking a pivotal expansion in the Kingdom's EV charging infrastructure and representing the first of numerous installations planned to establish a comprehensive nationwide network.
• May 2025: The International Exhibition for Electric Vehicles (EVS Saudi 2025) was held in Riyadh from May 4-6, bringing together top local, regional, and global manufacturers and suppliers to showcase cutting-edge electric vehicle and energy storage innovations, fostering collaboration and accelerating commercial EV adoption across the Kingdom.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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