Thursday 13 June 2024

Etihad WE in deal to boost EV charging infrastructure in UAE

ABU DHABI, 23 days ago

The UAE Ministry of Energy and Infrastructure (MoEI) and Etihad Water and Electricity (Etihad WE) have announced a pioneering joint venture, UAEV, that will provide fast and accessible electric vehicle (EV) charging infrastructure across the UAE. 
UAEV is the first EV charging network fully owned by the government.
Globally, the transition to EV is gathering pace: electric car sales reached 10 million units in 2022 - five times higher than sales in 2019. 
Announcing the new venture, Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, said: "UAEV embodies the power of partnership between government and industry, and aims to provide vital electric vehicle infrastructure to boost adoption of EVs, energize communities, and unleash the economic potential of the UAE."
The new partnership with Etihad WE will ensure the UAE can meet current demand for EV infrastructure and make it easier for UAE residents to go green, he stated.
Al Mazrouei said: "We hope that this partnership will further accelerate the transition to cleaner transportation and significantly reduce emissions from the transportation sector, thereby helping to bring our Net Zero 2050 Strategy within reach."
The MoEI and Etihad WE expect to be able to unveil further information about UAEV’s plans by end of 2024.
Engineer Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at MoEI and Chairman of UAEV said: "Last year, we saw a rise in EV adoption in the UAE. By expanding our EV infrastructure, we ensure the country is equipped to support those who have already purchased an EV and make the prospect of switching to EV attractive."
Al Olama said: "The UAEV partnership, between government and business, is rooted in the recognition of complementary strengths and pursuit of common goals. Together, MOEI and Etihad WE form a powerful force which can help future-proof the UAE and achieve the twin objectives of economic growth and climate action, which underpin UAEV."
EV charging infrastructure (EVCI) is essential to EV adoption. UAEV is contributing to the advancement of the nation’s electric mobility journey and responding to consumer demand. It is also consistent with the vision of the UAE’s wise leadership and their understanding that sustainability and growth, can and should go hand in hand.
The deployment of EV infrastructure presents significant economic opportunities, including job creation. Similarly, the kind of electric vehicle (EV) infrastructure envisaged by UAEV will play an important role in supporting the reduction of greenhouse gas emissions.
Etihad WE Chief Executive Officer Engineer Yousif Ahmed Al Ali said: "For our business this is a major milestone. It is part of a deliberate strategy to diversify our operations, using the knowledge and experience acquired from our role as long-standing pioneers in energy sector, to explore new products, services, projects, and investments which will benefit our customers and ensure the UAE capitalises on emerging opportunities."
Al Ali said: "UAEV charging infrastructure will contribute to the modernisation of the UAE’s transport network, and help energise communities by creating new jobs, and empower our customers to make more sustainable choices."
As the largest employer in the Northern Emirates, with a customer base of over 2 million households, Etihad WE acknowledge that UAE consumers are increasingly aware of the impact the decisions they make have on the environment, he added.TradeArabia News Service 


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