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Why Gulf governments keep investing in EVs

By Shruthi Nair

Oil-based economies need a Plan B – something they can turn to when crude markets are troubled. Gulf governments are using electric vehicles as that hedge, according to Kevin Chalhoub, CEO of EV Lab.

“When oil won’t go well, probably electric cars will go well,” he says.

“It’s a very exciting strategy. The Middle East is actually leading the pack by investing in the car manufacturers themselves.”

From EV Lab’s showroom in Dubai, he talks to AGBI about the investments from Abu Dhabi and Qatar, the need for EV production, and the potential of hydrogen fuel cells.

Watch the video above to learn more

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