Money & BusinessUAE

UAE: Rise in fuel prices shift residents’ interest from pump to plug

Rising fuel prices have led to a significant shift (52%) in UAE residents’ attitude towards hybrid and electric vehicles (EVs), according to a survey commissioned by Audi Abu Dhabi. Petrol prices in the UAE continued to progressively rise from February to April, as global oil prices surged beyond $100 a barrel.

While residents’ intent to buy an EV seems strong, nearly 25% stated that they are waiting for more options to be launched in the market to make a purchase. 14% said they recently bought a petrol car but wished they would have purchased a hybrid/ EV instead.



Related Articles

Back to top button