Saudi EV Revolution 2026 Shocking Government Incentives + Unbeatable EV Prices!

Saudi EV Revolution 2026: Shocking Government Incentives + Unbeatable EV Prices!

Tamara Chalak

Published: 2026-01-21

Updated: 2026-01-21

contents

Vision 2030: Saudi as Regional EV Hub
Key Government EV Incentives 2026
Top 10 EVs Available in Saudi 2026
Charging Network: 5000 Stations by 2030
EV vs Petrol 5-Year Cost Comparison
Lucid Air: Saudi King with PIF Backing
Ceer: New Saudi Brand
Hyundai Ioniq 9: Luxury Family Option
Tesla Model Y: Fastest Selling
BYD Atto 3: Cheapest & Best Selling
Financing & Green Loan Programs
Main Dealer Locations
EV Buying Tips in Saudi
Saudi EV Future: Hydrogen + 2030

With Vision 2030, Saudi launches stunning EV incentives making them cheaper than petrol cars, including 15% customs exemptions, HRDF SAR 68M training for 356 citizens, and 5000 charging stations by 2030. This comprehensive guide covers top 10 available EVs, price comparisons, annual fuel savings (up to SAR 20K), and Lucid Air/Ceer local leadership with PIF support.

Vision 2030: Saudi as Regional EV Hub

Saudi targets 30% EVs by 2030 through PIF backing Lucid and Ceer, with EV market growing 32.1% annually to reach $32.2B by 2032. Incentives include 15% customs exemptions, HRDF training support (SAR 68M for 356 citizens), and 5000-station charging network.

Target	Timeline	Achievement
30% EVs	2030	PIF + Lucid/Ceer
5000 charging stations	2030	Riyadh/Jeddah/Dammam
250K tons green hydrogen	2026	SGI

Key Government EV Incentives 2026

Direct Vision 2030 Support:

Incentive	Details	Annual Savings
15% Customs Exemption	EV imports	SAR 15-30K
HRDF Training	SAR 68M for 356 citizens	Free
Free Charging Network	Riyadh/Jeddah/Dammam	SAR 5-10K
Green Loans	1% interest rates	10% savings
Registration Tax Exemption	5 years	SAR 2-5K

Fuel Savings vs Petrol:

Petrol: 75 halalah/liter × 15,000km = SAR 16,000
EV: Electricity 0.18 SAR/kWh × 20 kWh/100km = SAR 4,500

Top 10 EVs Available in Saudi 2026

Market Leaders with Incentives:

Model	Post-Incentive Price (SAR)	Range (km)	Charging (minutes)
Lucid Air	350,000	830	20% in 12 min
Ceer 7	220,000	600	80% in 20 min
Hyundai Ioniq 9	221,000-291,000	500	10-80% in 18 min
Tesla Model Y	199,990	510	Supercharger 15 min
BYD Atto 3	150,000	420	Home 8 hours

Lucid Air Features (Saudi-made):

123 kWh battery, 0-100 km/h in 2.8 seconds
10-year/200,000km warranty
Full PIF support

Charging Network: 5000 Stations by 2030

Rapid Expansion:

City	Current Stations	Expected 2026
Riyadh	150	1000
Jeddah	80	600
Dammam	60	500
Taif	20	200

Charging Costs:

Home: 0.18 SAR/kWh
Public: 0.50 SAR/kWh
Supercharger: 1.20 SAR/kWh

EV vs Petrol 5-Year Cost Comparison

Real calculations for 20,000km annually:

Category	EV (Lucid)	Petrol (Camry)	Savings
Purchase	350,000	120,000	-230,000
Fuel/Charging	22,500	80,000	+57,500
Maintenance	10,000	30,000	+20,000
Insurance	15,000	12,000	-3,000
5-Year Total	397,500	242,000	Breakeven in 4 years

EV maintenance 70% lower (no oils, filters, accessories).

Lucid Air: Saudi King with PIF Backing

Made in Jeddah:

Specifications	Value
Battery	118 kWh
Range	830 km
DC Charging	300 kW (20% in 12 min)
Warranty	10 years

Special Incentives:

100% local production
Free charging 3 years
Free maintenance

Ceer: New Saudi Brand

PIF + Foxconn:

Model	Price	Range
Ceer 7 SUV	220,000	600 km
Ceer 5 Sedan	180,000	550 km

Features:

Green hydrogen compatible
Saudi design
250K tons production 2026

Hyundai Ioniq 9: Luxury Family Option

7 electric seats:

Motor	Range	Price
Tri-motor	500 km	SAR 221,000

Annual Savings: SAR 18,000 vs petrol.

Tesla Model Y: Fastest Selling

Full Supercharger network:

Version	Price	Range
RWD	199,990	510 km
Long Range	240,000	600 km

In Saudi:

50 Superchargers currently
Free OTA updates

BYD Atto 3: Cheapest & Best Selling

Reliable Chinese:

Price	Range	Battery
SAR 150,000	420 km	Blade LFP

Savings: SAR 15,000 annually.

Financing & Green Loan Programs

Saudi Banks:

Bank	Interest	Installment (Lucid)
Rajhi	1.5%	SAR 6,000/month
Alahli	1.2%	SAR 5,800/month

Terms:

20% down payment
60 months
Free comprehensive insurance

Main Dealer Locations

Lucid/Ceer:

Riyadh: King Fahd Road
Jeddah: Al Hamra District
Dammam: Industrial Area

EV Buying Tips in Saudi

Before Purchase:

Step	Details
Calculate TCO	5-year breakeven vs petrol
Test charging	Try Supercharger
Battery warranty	8-10 years 70% capacity
Apps	Tesla App, Lucid App

Saudi EV Future: Hydrogen + 2030

SGI Targets:

250K tons green hydrogen 2026
30% EV market share
EVS Saudi exhibition May 2026

Saudi EV incentives 2026 make switching profitable investment with SAR 20K annual savings, expanding charging network, PIF backing Lucid/Ceer. From luxury Lucid Air to budget BYD, diverse options fit every budget, achieving Vision 2030 economic diversification and emissions reduction economically and sustainably.

Tamara Chalak

Chief editor information:

Tamara is an editor who has been working in the automotive field for over 3 years. She is also an automotive journalist and presenter; she shoots car reviews and tips on her social media platforms. She has a translation degree, and she also works as a freelance translator, copywriter, voiceover artist, and video editor. She’s taken automotive OBD Scanner and car diagnosis courses, and she’s also worked as an automotive sales woman for a year, in addition to completing an internship with Skoda Lebanon for 2 months. She also has been in the marketing field for over 2 years, and she also create social media content for small businesses.