Saudi Arabia’s Ministry of Energy, in cooperation with the concerned government agencies and in integration with the private sector, launched on Sunday the regulations for the rollout of electric vehicle (EV) charging stations so as to ensure quality, efficiency and protection of users and facilities across the Kingdom.
Experts confirmed to Asharq Al-Awsat that the private sector is at a new stage whereby it could enter a qualitative sector and engage in an activity that generates profits for companies and institutions.
According to experts, the private sector would do so in return for achieving the Kingdom’s national goals aimed at reducing greenhouse emissions and improving air quality.
Last May, Lucid Group announced that it has signed a contract with several Saudi Arabian government agencies that locks in plans for a production facility.
The company aims to produce 155,000 cars annually with investments exceeding 12.3 billion riyals ($3.2 billion) after completing its factory in Industrial Valley in King Abdullah Economic City.
The infrastructure team for EV charging stations, led by the Ministry of Energy, announced that it has completed all the legislative, organizational and technical aspects to regulate the EV charging market in the Kingdom, by outlining the necessary regulations for the installation of charging stations and their equipment.
“The completion of the regulation of the EV market in Saudi Arabia opens a wide field for the private sector to enter into a new activity that generates profits for companies and institutions operating in the Kingdom,” Adel Al-Omair, Chairman of the Renewable Energy Committee in the Riyadh Chamber of Commerce, told Asharq Al-Awsat.
Al-Omair said that the move helps the Kingdom in maximizing its role in promoting public sustainability.
“The Kingdom is leading the region and the world towards renewable energy technologies and reducing emissions,” affirmed Al-Omair.
It is noteworthy that the new regulations contribute to achieving the goals of Vision 2030, as they will help the Kingdom to have a diversified and sustainable economy through enhancing productivity and raising private-sector involvement.
The new regulations would contribute to achieving the goals of the Kingdom’s Vision 2030, as they will help the Kingdom to have a diversified and sustainable economy through enhancing productivity; raising private-sector involvement; and building new future-proof sectors, which will provide quality jobs for male and female citizens, in addition to enabling vehicle owners to charge cars easily with a guarantee of quality and efficiency.
