UAE Upgrading its EV Infrastructure to Reduce its Carbon Footprint
By: Asia Business Outlook Team | Wednesday, 14 February 2024
Suhail Bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said the Ministry is upgrading the UAE’s electric vehicle (EV) system by adding new stations and concluding more partnerships with major global companies to turbocharge the sector’s growth.
“This will increase the number of EVs used in the UAE and reduce the carbon footprint of the transportation sector,” Al Mazrouei told the Emirates News Agency (WAM) on the sidelines of the World Governments Summit (WGS) 2024, which began on Feb 12 in Dubai. “The Ministry aims to set fair prices for the private sector to incentivize it to invest in fast-charging EV stations, establishing the UAE among the world’s top countries in terms of EV infrastructure and speed of charging.”
Regarding his outlook on the global oil market in light of the ongoing global shifts, he said that the UAE is committed to working with OPEC+ partners to study the market and make decisions that will ensure the stability of the worldwide oil market, noting that the global oil market is vast and involves many variables and equations, including the geopolitical situations worldwide.
Al Mazrouei said that the World Governments Summit 2024 is seeing widespread global interest, as evidenced by the remarkable turnout from heads of state and government, industry leaders and experts, high-level officials, and representatives of international companies worldwide.