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Mena’s first e-vehicle summit in Abu Dhabi from May 23-25

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Abu Dhabi is set to host the Middle East and North Africa’s first summit on electric vehicles this summer.

It will be held from May 23 to 25 at the Abu Dhabi National Exhibition Centre. The meeting – named as Electric Vehicle Innovation Summit (Evis) – will attract a lot of prominent players in this field. It will also focus on environmental responsibility, the organisers of the event said.

Discussions will also revolve around new energy vehicles, infrastructure, batteries, energy etc.

The electronic vehicle (EV) market has witnessed a boost in the past decade, with sales more than doubling to 6.6 million in 2021 globally, a report by the Clean Energy Business Council said.

This shift in demand comes as people are switching to eco-friendly alternatives than relying on vehicles that burn fuel extensively.

The report also says that in 2012, around 130,000 EV cars were sold in a year; the same number of EV cars are sold in a week now.

EV now holds around nine per cent of the total global market share in the car industry, which was 4.1 per cent in 2020 compared to 2.5 per cent in 2019, the International Energy Agency said.

The UAE is set on its goal to extensively minimize carbon emissions by 2050. An initiative (Net Zero by 2050) was started for which the country invested Dh600 billion ($163.37bn).

Abu Dhabi Department of Energy outlined nine initiatives in November 2021 to help in the sustainable economic growth of the country during the UN’s Cop26 climate talks held in Glasgow.

Prominent and leading car industry figures will be exhibiting at Evis. This includes GMC of the US, Mercedes-Benz from Germany and Tesla, the world’s biggest EV manufacturer.

The summit will be attended by around 600 delegates, 200 exhibitors and witness a footfall of about 5,000 visitors. Also, there’s an intention to turn it into an annual event.

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Luxury cars showroom opens in Dubai for premium motorists

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A new car showroom dedicated to luxury supercars has opened near the Equiti metro station on the busy Sheikh Zayed Road, Dubai.

Set up by the accomplished automobile stalwart Sarabdeep Singh Bassi with his Man Friday Walid Al Balushi, the showroom opening witnessed a range of Lamborghinis, Ferraris, McLarens, Mercedes and Bentleys along with some top options in the Land Rover range as well for a rich sampling of the showroom’s USP. The inauguration ceremony was graced by UAE businessman and SJM Group chairman Sheikh Juma bin Maktoum bin Juma Al Maktoum as the chief guest.

Bassi is a veteran of Dubai’s automobile circuit with showrooms for used and mid-range cars in three emirates – Dubai, Sharjah and Abu Dhabi – since 2004 when he landed from the United States, where too he operated in the similar industry but around trucks and transport for a brief while.

According to Balushi, now is as good time as any to have a cars showroom for the upper echelons of the society. “Our Emirati folks are always a keen, regular market, but we also see a lot of Russians and people from the adjoining regions looking up high-end cars.”

An attendee poses in front of a grey McLaren and red Ferrari at the Oscar Cars showroom in Dubai. Photos Joy Dasgupta / Headline.ae

This showroom is the latest addition to their Advantage Motors brand which deals in mid-range levels of cars in the three emirates.

“Already the response is very good,” Bassi said on the sidelines of the inauguration ceremony amid much fanfare. “We have more expansion plans like opening other automotive businesses after this. Our customers are from all over UAE and from other countries as well like Russia, Middle East countries, China, All Over Africa, and others. We are also promoting electric vehicles sale which are environment friendly.”

The vast showroom on the Sheikh Zayed Road, diagnonally across the Mall of Emirates, is laid out over 7,000 square feet and separate parking, with the best of knowledgeable staff at hand to help buy and sell the cars, along with other services like buying premium number plates, etc.

 

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UAE sees upward surge in fuel prices for September

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The UAE has announced its fuel prices for September, following its usual practice of monthly revisions. The new rates will apply from September 1 and are as follows:

-Super 98 petrol will cost Dh3.42 a litre, compared to Dh3.14 in August.

-Special 95 petrol will cost Dh3.31 per litre, compared to Dh3.02 last month.

-E-Plus 91 petrol will cost Dh3.23 a litre, compared to Dh2.95 a litre in August.

-Diesel will be charged at Dh3.40 a litre compared to Dh2.95 last month.

After a similar rise in July, petrol prices in the country increased during August. Over the past year, prices have displayed fluctuations, yet they remain notably lower than those of the same period last year.

Take a Quick Look: Fuel Prices Throughout the Year

Months/2023Special 95Super 98E-Plus 91
JanuaryDh2.67Dh2.78Dh2.59
FebruaryDh2.93Dh3.05Dh2.86
MarchDh2.97Dh3.09Dh2.90
AprilDh2.90Dh3.01Dh2.82
MayDh3.05Dh3.16Dh2.97
JuneDh2.84Dh2.95Dh2.76
JulyDh2.89Dh3Dh2.81
AugustDh3.02Dh3.14Dh2.95

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August fuel prices are out in UAE

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The UAE fuel price committee has announced that fuel prices will increase in August 2023. The new rates will apply from August 1 and are as follows:

Super 98 petrol: 3.14 AED per litre, up from 3.00 AED in July
Special 95 petrol: 3.02 AED per litre, up from 2.89 AED
E-Plus 91 petrol: 2.95 AED per litre, up from 2.81 AED
Diesel: 2.95 AED per litre, up from 2.76 AED

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