Exporting new energy vehicles (NEVs) to the Middle East aligns with the region's energy transition trend, bringing export enterprises multiple dividends in policies, market performance and profits. With distinct advantages and broad prospects, it is a highly promising export sector.
Generous policy incentives stand as the top advantage. Countries across the Middle East are accelerating energy transition, with Saudi's Vision 2030 and the UAE's Net Zero by 2050 Strategic Initiative both prioritizing new energy vehicles. Preferential policies include zero tariffs and vehicle purchase subsidies of up to 15%, while countries like Jordan offer import duty exemptions for NEVs, greatly cutting export costs and lowering market access barriers.
The market enjoys strong demand and attractive profit margins. Electric vehicle sales in the Middle East are surging, with penetration rates doubling continuously. Local consumers have robust purchasing power, and the premium for high-end new energy SUVs is over 30% higher than in the domestic market. Meanwhile, Chinese NEV technologies adapt well to the region's high-temperature and sandy climate, with outstanding cost-effectiveness, rising market recognition and steadily growing market share.
In addition, the region is vigorously improving charging infrastructure, offering huge potential for long-term development. RMB settlement can also be used to avoid exchange rate risks. Exporting to the Middle East not only expands overseas markets and enhances brand influence, but also fits the global low-carbon trend and supports sustainable corporate growth. With multiple advantages combined, the Middle East has become a preferred market for new energy vehicle exports.