AD
With petrol prices sharply increasing in the UAE in April due to regional conflicts, automobile companies in the UAE report a steady rise in inquiries for hybrid and electric vehicles (EVs) as consumers seek more cost-effective options.
Some dealers have noted a significant increase in inquiries for Chinese EV models, particularly since the conflict began. Abhinav Gupta, CEO of the used car company Cars24 Arabia, mentioned that dealers in Dubai experienced a 30% rise in inquiries due to the soaring fuel prices.
This month, fuel prices in the UAE have seen a slight increase from March, reversing a two-month downward trend. Super 98 is priced at 3.39 per litre, Special 95 at 3.28, E-Plus 91 at 3.2, and Diesel at 4.69 per litre.
Gupta explained that this trend was already visible before the conflict, but geopolitical tensions and fuel price volatility are accelerating it.
“Current demand for hybrid and EV vehicles is noticeably stronger than at this time last year,” Gupta stated. “By 2026, the additional pressure from fuel prices and energy security concerns will further boost this momentum.”
He added that demand in Dubai and Abu Dhabi remains especially robust among private buyers and fleets, with inquiries increasing by 15-20%. “Moreover, the selling prices of petrol cars have dropped by 15%, while EVs are maintaining their market prices, indicating strong demand,” he noted.
Target Surpassed by 115 Percent
Other automobile companies have also reported a significant increase in consumer interest, with the number of inquiries and showroom visits exceeding their targets.
iCAUR, a subsidiary of the Chinese automobile manufacturer Chery, recently launched in the UAE and exceeded its retail target for March by 115%, according to a spokesperson.
Hope Zhang, the country director of iCAUR UAE, told Khaleej Times that several factors contributed to this rise in inquiries, including increased awareness of fuel efficiency and long-term running costs.
“Customers are adopting a more thoughtful approach, considering how vehicles align with their daily needs and long-term expenses. Hybrid and range-extended electric models, in particular, are appealing as they provide a practical transition towards more sustainable mobility,” he explained.
Andreas Schaaf, CEO of Geely Group Brands and Director of Albatha Automotive Group, noted a growing customer interest in plug-in hybrid and fully electric vehicles.
“In our view,” he stated, “this shift is not merely a reaction to current market conditions but reflects a long-term transformation in customer perceptions and expectations regarding mobility in the UAE.”
Lexus’ UAE dealer, Al Futtaim, reported a similar trend, with increasing demand for hybrids in recent months. “Overall, demand is evolving steadily, indicating a longer-term shift in how customers assess their mobility options, further reinforced by the current market dynamics,” said Jacques Brent, Managing Director of Al-Futtaim Lexus UAE.
ALSO READ
UAE insurers introduce Chinese EV-specific policies as demand grows
116 million electric vehicles to hit roads globally in 2026; UAE incentivizes drivers to switch
UAE pre-owned EV market surges 41% in 2025 as electric vehicles gain popularity
UAE Drivers Alert: Major Road Closures This Sunday - Plan Your Route Now!
Attention all UAE motorists! The Roads and Transport Authority (RTA) has issued an important travel advisory for this Sunday, June 15, as essential maintenance works will temporarily disrupt traffic flow on two key highways. Commuters heading towards Sharjah and using Sheikh Mohammed bin Zayed Road should prepare for possible delays.
Dh332 Million Umm Suqeim Street Upgrade Nears Completion, Set to Slash Travel Time by 61%
Dubai's ambitious Umm Suqeim Street Improvement Project, a Dh332 million initiative designed to revolutionize connectivity between Al Khail Road and Sheikh Mohammed Bin Zayed Road, is now over 70% complete. The transformative infrastructure development features an impressive 800-meter tunnel with four lanes in each direction, promising to dramatically enhance traffic flow across the city.
MEVP Achieves 5x Return with Strategic Exit as Japan's giftee Acquires Majority Stake in YGG
In a landmark deal for the Middle East's digital economy, Middle East Venture Partners (MEVP) has successfully exited its investment in YOUgotaGift (YGG), as Japanese eGifting giant giftee Inc acquires a controlling 91% stake. This strategic acquisition propels YGG into its next phase of global expansion while cementing its dominance in the GCC's booming digital gift card market.
Le Mans Legends: Where History, Speed and Investment Collide
Suzuki Swift Production Halt Linked to China's Rare Earth Export Restrictions
In a move highlighting the growing impact of global supply chain disruptions, Suzuki Motor has temporarily suspended production of its popular Swift subcompact due to China's tightening rare earth export policies. Industry insiders reveal this marks the first major Japanese automaker affected by Beijing's recent trade measures.
Oil Prices Could Skyrocket Past $100 Amid Middle East Tensions, Analysts Warn
The global oil market is bracing for potential turbulence as escalating tensions between Israel and Iran threaten to push crude prices beyond the $100 per barrel mark, energy experts cautioned this week.
Iran-Israel Tensions Threaten Global Oil Supply: Strait of Hormuz Closure Could Send Prices Soaring
The escalating conflict between Iran and Israel has sent shockwaves through global financial markets, with experts warning that a potential shutdown of the strategically vital Strait of Hormuz could trigger an oil price surge to $120 per barrel - threatening to derail inflation progress worldwide. Market analysts are sounding alarms as geopolitical tensions reach new heights in the Arabian Gulf region. The recent military exchanges have raised unprecedented concerns about a catastrophic supply d
Borouge and Adnoc L&S Forge 15-Year Mega Deal to Boost UAE Petrochemical Exports
In a landmark move set to transform the UAE's petrochemical landscape, Borouge has cemented a 15-year strategic alliance with Adnoc Logistics & Services Plc (Adnoc L&S) that will supercharge production capabilities and global export operations. The game-changing service agreement carries a minimum guaranteed value of $531 million (Dh1.95 billion), fueling Borouge's ambitious expansion strategy while delivering substantial operational efficiencies. The partnership is projected to generate over $5
e& Reports Record Growth in Q1 2026, Solidifying Its Position as a Global Tech Leader
e& has kicked off 2026 with outstanding financial results, demonstrating remarkable growth across all business segments and reinforcing its status as an innovator in the digital landscape. The company's strategic vision continues to drive significant value creation, positioning it as one of the most dynamic players in the global technology sector. The Group reported consolidated revenues of Dh16.9 billion for the first quarter, marking an impressive 18.7% year-over-year increase. Net profits soa
UAE Banks Shine in Q1 2026: Record Profits Amid Global Economic Headwinds
The UAE's banking sector has defied global economic challenges to deliver an impressive first quarter performance in 2026, with the nation's top lenders reporting robust growth across key financial metrics. Fresh analysis from Alvarez & Marsal (A&M) reveals the UAE's ten largest listed banks collectively saw net income surge to Dh22.2 billion - an impressive 8.4% increase compared to the previous quarter. This stellar performance was driven by a remarkable 59.3% reduction in impairment charges a
Dubai Unveils Dh6 Billion Road Upgrade Plan to Revolutionize Urban Mobility
In a landmark move to transform Dubai's transportation landscape, the Roads and Transport Authority (RTA) has partnered with Dubai Holding on an ambitious Dh6 billion infrastructure initiative that will reshape connectivity across the emirate's fastest-growing communities. The comprehensive road network enhancement program will introduce cutting-edge bridges, expanded thoroughfares, and smart access solutions designed to slash commute times while dramatically improving traffic flow. This strate
Carrefour Bids Farewell to Oman Market After Decades of Service
In a significant retail development, Carrefour has officially announced the end of its operations in Oman effective January 7, 2026. The supermarket chain, operated under exclusive rights by Majid Al Futtaim in the Sultanate, shared this emotional farewell through its official social media channels.
