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✉news LifeAutos first seen 7 h ago, last 6 h ago, peak #28

Saudi Arabia embraces electric vehicles despite oil wealth

Original: Even the country that holds almost 20 per cent of the world's petroleum reserves is hopping on the EV bandwagon

Saudi Arabia, which holds almost 20 per cent of the world's petroleum reserves, is moving into electric vehicles. The kingdom has been investing heavily in EV manufacturing and technology as part of efforts to diversify its economy beyond oil, a striking pivot for a country whose wealth is built on crude exports.

Why now: The irony of an oil superpower adopting electric vehicles is drawing attention amid its economic diversification push.

Saudi Arabia

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