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  Saudi Arabia Electric Vehicle Charging Infrastructure Market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the growing sales of electric vehicles and favorable government policies promoting electrification in the country. Besides, the rising penetration of electric vehicle manufacturers and an increasing number of initiatives by public and private players to expand charging infrastructure in the country are boosting Saudi Arabia electric vehicle charging infrastructure market growth.
In May 2021, Modern Group and Hyzon Motors had signed an agreement to build an electric car manufacturing facility in Saudi Arabia that will be able to produce up to 10,000 hydrogen fuel cell commercial vehicles every year. Thus, a rise in the number of market players obtaining metal exploration licenses for making electric vehicle batteries and the thriving transportation and logistics sector are likely to boost Saudi Arabia electric vehicle charging infrastructure market growth in the coming years.

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https://marketreportsonsaudiarabia.com/report/763475/saudi-arabia-electric-vehicle-charging-infrastructure-market-by-vehicle-type-two-wheeler-passenger-car-commercial-vehicle-by-type-ac-dc-by-charging-mode-plug-in-wireless-by-installed-location-commercial-residential-by-connector-type-type-type-uk-pin-chademo-ccs-others-by-type-of-charging-slow-fast-by-region-competition-forecast-opportunities
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