Ahead of COP28, the UAE's EV market is booming, bolstered by private investments, government initiatives, and partnerships with countries such as India
Dubai is gearing up to host the 2023 UN Climate Change Conference on November 30. The 28th meeting of the Conference of the Parties (COP28), which will convene from November 30 to December 12 in Dubai, will bring together policymakers and key stakeholders from across the globe to discuss and develop policies aimed at addressing global temperature rises and adapting to the adverse effects of climate change.
Addressing climate change stands as a critical concern for the UN, and within the climate change dialogue the transportation sector has emerged as a top priority for action. The sector currently contributes approximately 23% of the world’s man-made CO2 emissions, and there is a widespread agreement to reduce transport-induced CO2 emissions by a minimum of 50% by 2050. Public-private interventions and the widespread adoption of electric modes of mobility play a crucial role in achieving significant reductions in CO2 emissions.
Electric vehicles (EVs) offer a fuel-efficient alternative for the transportation sector, enabling substantial cuts in CO2 emissions. Sergey Paltsev, Deputy Director of the MIT Joint Programme on the Science and Policy of Global Change, says, “Electric vehicles are clearly a lower-emission option than cars with internal combustion engines. Over the course of their driving lifetimes, EVs will create fewer carbon emissions than gasoline-burning cars under nearly any conditions”.
Credit — Dubai Electricity and Water Authority (DEWA)EV market in the UAE
There is a global shift towards the adoption of electric vehicles (EVs) as consumers become
Read more on economictimes.indiatimes.com