EV LAB Unveiled the First Electric Mobility Experience Centre in Dubai
EV LAB, a pioneering Retail-as-a-Service (RaaS) electric mobility startup, officially opened the region’s first electric mobility experience center in Dubai. Located in Dubai World Trade Center (DWTC), the state-of-the-art facility transforms the way consumers engage with sustainable mobility solutions. The center supports the UAE’s Net Zero 2050 goal, promotes green transportation, and educates the public about the benefits and opportunities of electric mobility.
Electric Mobility Market
According to Precedence Research’s report on the global electric mobility market size was valued at USD 597.27 billion in 2024 and is expected to reach around USD 4719.79 billion by 2034, growing at a CAGR of 22.96% from 2024 to 2034.
The Global Environment Facility (GEF) program is also partnering with the EC SOLUTIONSplus project to promote the adoption of electric mobility, which would reduce greenhouse gas and air pollutant emissions, cut energy consumption, and increase socio-economic co-benefits such as lower energy costs and imports and improved public health in low—and middle-income countries around the world.
Electric Mobility Schemes
| Scheme | Funding | Purpose |
| Electric Mobility Promotion Scheme 2024 (EMPS 2024) | Rs.500 crores for 4 months | The scheme is implemented for faster electric two-wheelers (e-2W) and electric three-wheelers (e-3W including registered e-rickshaws and e-carts, L5), to give a further boost to green mobility and to develop an electric vehicle manufacturing ecosystem in the country. |
| PM E-DRIVE |
₹10,900 crore |
The initiative imagines the promotion of the utilization of electric cars by giving incentives such as rebates and tax credits on electric cars and their charging equipment. The state governments are given incentives to offer other fiscal and non-fiscal incentives. |
The Precedence Research report mentions that due to the increase in greenhouse gas emissions, especially from the automotive industries, international regulatory authorities have introduced various policies to boost the adoption of energy-efficient vehicles. Further, the mobility as a service (MaaS) and declining costs of a lithium-ion battery drive electric mobility. It also leads to a reduction of toxic emissions, therefore playing a pivotal role in fighting global warming.
Asia Pacific Electric Mobility Market
A recent report from Precedence Research reveals that the Asia Pacific electric mobility market size was valued at USD 325.96 billion in 2023 and is expected to be worth USD 3,209.46 billion by 2034, at a CAGR of 23% from 2024 to 2034.
Various governments will offer subsidies under the Electric Mobility Promotion Scheme until FAME-III is launched. The Electric Mobility Promotion Scheme (EMPS), 2024, with an outlay of Rs 780 crore for six months from April 1, 2024, to September 30, 2024, will provide incentives to buyers of e-2W and e-3W.
According to Invest India, a state fund investment agency, the Indian government has set a target of electrifying 30% of vehicles by 2030.
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Meet Mahima, a voice you’ll want to follow in the electric vehicle (EV) industry. With a rich background in journalism and mass media, Mahima doesn’t just report the facts; she tells the story behind the revolution. Her expertise of over four years in writing positions her uniquely as someone who knows how to engage, inform, and inspire her audience. Whether she’s diving into the latest EV technologies or exploring the future of sustainable mobility, Mahima delivers insights that go beyond the surface, making her work a must-read for enthusiasts, professionals, and curious readers alike.
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