dubizzle’s Annual Pre-Owned Electric Car Market Report 2024

• EV Market News Roundup
• Popularity Trends 
• Popular EV Car Makes & Models
• Popular Electric SUVs
• Popular Electric Sedans
• New Arrivals 

The green mobility wave has transformed the UAE automotive landscape, showcasing remarkable growth in 2024. The electric car market has grown significantly, driven by technological innovation, environmental consciousness and supportive government policies. Government milestones have further cemented this shift, such as developing EV charging infrastructure and offering incentives to green vehicle owners. These advancements are shaping the nation’s journey towards sustainable transportation. 

User search trends on dubizzle in 2024 have highlighted several electric car brands making significant strides in the industry. Tesla, being the pioneer, has consistently taken the lead in multiple electric car market segments. Furthermore, setting a new convention, many Chinese electric car brands have also shown a strong foothold in the industry. Established brands like Mercedes, Audi and Porsche have also contributed significantly to the market during 2024. 

dubizzle, the UAE’s leading classified platform, has also played a vital role in electric vehicle market growth by bridging the gap between users and dealers. The number of EV listings on dubizzle has increased by 47% in 2024, enabling the platform to become a hub of used electric cars in the Emirates. With value-added services and inventories at the Yard, dubizzle ensures varied listings to cater to a diverse audience. 

We have compiled the annual pre-owned electric car market report based on the trends and market dynamics observed in 2024. It provides a comprehensive analysis of the emerging trends in the EV market, along with a round-up of popular brands and their top models. 

2024 Electric Car Market News Roundup

In 2024, the electric car market witnessed groundbreaking advancement and achieved significant milestones. The UAE government has played a major role in the electric car market growth by enforcing multiple green-mobility policies and initiatives. Here is the complete electric car market news recap of 2024. 

UAE National Electric Vehicles Policy

Issued in 2023, the National Electric Vehicle Policy of the Emirates aims to increase EV usage overall and build charging infrastructures to facilitate EV owners. Extending the policy, The Ministry of Energy and Infrastructure (MoEI) announced plans to install 1,000 EV chargers by 2030 across the country.

UAE Vision 2030

The UAE Vision 2030 has also emphasised increasing the use of electric cars and implementation of sustainable transport means in the Emirates. Aligned with the Vision, a number of incentives have been launched by the government to support EV usage. 

Number of EV Charging Stations 

Currently, there are around 400 EV charging stations in Dubai and around 250 in Abu Dhabi. The Dubai government has planned to increase this number by 170%, making it 1000 charging stations by 2025. ADNOC and TAQA have also announced plans to establish 70,000 EV charging stations in Abu Dhabi by 2030.

Dubai Commercial Transport Strategy 2030

The policy was launched as a part of the D33 Agenda, focusing on reducing the carbon emissions of vehicles by 30% over the next 7 years. Moreover, the Dubai government has established a yearly goal of electrifying 10% of government vehicles. That said, Dubai Taxi Corporation and Dubai Police have recently procured multiple EVs for their fleet like Tesla Cybertruck and Porsche Taycan.

EV Popularity Trends in the Last Five Years

Electric cars have steadily gained popularity over the past five years. The growth is underpinned by significant improvements in the electric car’s performance and efficiency. A major change has been observed in the EV car battery after the inception of high energy density batteries. These batteries are capable of storing and generating more power, eliminating range anxiety issues. Ultra-fast charging, home innovation charging and the establishment of vehicle-to-grid charging stations have also fueled the demand. 

The UAE government has also shown a strong commitment to making the UAE a global EV hub. The National Electric Vehicles Policy focused on public-private partnerships to support EV owners in the Emirates. The Ministry of Energy and Infrastructure also aims to increase EV share to 50% by 2050. To facilitate the widespread adoption, the government is building EV charging infrastructure with regulated rates to aid in the convenience of owners. 

The convenience of EV owners has been elevated to the next level, with the support of low-interest rate loans. A number of banks in the Emirates offer a ‘Green Auto Loan’ with a minimum interest rate, starting from as low as 0.5%. These loans are designed to cover at least 80% of the electric car’s cost including accessories. All of these factors combined have significantly affected the EV market growth in 2024. 

Besides personal usage, the Dubai government has announced a 10% procurement of electric cars for government usage. Furthermore, RTA Dubai also aims to transform all the taxis into eco-friendly ones by 2027.  

Popular Electric Car Makes & Models in 2024

According to dubizzle market trend analysis, Tesla has dominated the pre-owned electric car market in 2024, followed by the Chinese EV maker BYD. 

Similar to the conventional auto market, German manufacturers have also garnered significant attention in the EV market. Securing third, fourth and fifth positions, Volkswagen, BMW and Mercedes-Benz have enjoyed a major share in the 2024 used electric car market.  

Tesla

Tesla has successfully bridged the gap in the electric car market, by launching a series of innovative and advanced features and processes. The brand’s 4680 Battery Cell technology has increased the energy density of batteries, lowering the production cost. 

The top three Tesla models in the UAE’s 2024 used electric car market include the Model 3, Model Y and Model X. 

Securing the first spot, the Model 3 sedan featured a revamped aerodynamic exterior, increasing its efficiency. Model Y with its 2100+ cargo space, AWD dual motor, 250 km/h top speed and 533 km of long range, has remained a popular Tesla model. Model Y has been followed by Model X, offering a range of 543 km and a top speed of 262 km/h. 

BYD

Since its launch in 2023, BYD has rapidly gained popularity in the UAE’s used electric car market. BYD’s diverse lineup and price-to-feature equilibrium have made EVs accessible to a broader audience. Moreover, innovations like Blade Battery Technology, e-Platform 3.0 and dual-mode charging have provided BYD with a competitive edge in the market. 

BYD’s SUV Song Plus has been the most popular model of the brand in 2024. The powerful motor of Song Plus can produce a total of 319 hp, accelerating the car from 0 to 100 km/h in just 6.5 seconds. BYD’s compact hatchback Seagull has also remained a popular option, built on a safe body structure, the car provides additional protection. Equipped with an AWD dual motor producing a total of 509 hp, the HAN ranked third, can accelerate from 0 to 100 km/h in just 3.9 seconds. 

Volkswagen

The popular German car brand Volkswagen has left its mark on the UAE’s used electric car market. With features like ID. Pilot System, augmented reality head-up display and heat pump technology, VW EVs have successfully carved a significant position in the market. 

ID.4, the most popular VW EV model, features an AWD motor that can accelerate it from 0 to 100 km/h in just 4.9 seconds. Whereas, the ID.6 SUV features three rows of seats offering a seating space for 7. Powered by a 77 kw/h battery, the ID.6 is considered an ideal EV for long trips. ID.7 has also made it to the list of popular used VW electric cars in the UAE.

BMW

BMW, a famous German car brand in the luxury market has also garnered significant attention in the EV market. The customisable vehicle soundscapes, lower centre of gravity and higher agility are only a few of the features that contribute to the popularity of BMW’s electric cars. 

The most popular EV model of BMW in 2024 has been the ultimate electric SUV – the iX. The car is powered by BMW electric motors that can produce a total of 500hp and fifth-generation eDrive technology. From a bold exterior to a comfortable interior and Drive Pro suspension, the i7 has all the signature BMW features. The BMW’s i5 has also been a popular model, offered with a Sport Boost mode. 

Mercedes-Benz

Mercedes-Benz, one of the most popular luxury car brands, has remained a preferred option for buying used electric cars in the UAE. The electric lineup of Mercedes features innovative and advanced technological features, similar to their conventional lineup. 56-inch hyperscreen, augmented reality navigation and dual-motor decoupling system are only a few to count. 

Among the iconic electric cars by Mercedes, EQE has remained the most popular one in 2024. Equipped with ECO Assistance, AIRMATIC suspension and Dynamic Select driving modes, the EQE is available in two different body types, sedan and SUV. EQS, an all-electric sedan and EQB, an all-electric SUV have also remained popular models in 2024. 

Popular Electric SUVs in 2024

Electric SUVs combine the versatility of a conventional SUV topped with progressively sustainable technology, offering a balance of performance and driveability with zero emissions. These powerful yet eco-friendly vehicles have become increasingly popular among those seeking used EVs in 2024. 

In the SUV category, the first two positions have been held by Tesla cars – the Model Y and Model X. The Model Y has a cargo space of 2,100+ litres, a 1600 kg towing capacity and a host of active safety features, making it an ideal choice for long family trips. In fact, Model Y offers a range of 533 km, enough to reach from Dubai to Muscat on a single charge. In 2024, the prices of used Model Y for sale in the UAE averaged between AED 140,000 to AED 207,400 for the 2020 to 2024 models.

For Model X users, Tesla has offered all the signature features fueled with sheer luxury. This 7-seater SUV features one of the largest panoramic windshields, offering a clear road view. Moreover, its falcon doors, Active Road Noise Reduction and 2300 kg of towing capacity reflect Tesla’s aim to offer maximum utility in its SUVs. The sales prices of 2020 to 2024 models of used Tesla Model X in 2024 have averaged between AED 232,100 to AED 389,200.

Volkswagen ID.4 has secured the third spot among the most popular used electric SUVs in the UAE in 2024. The ID.4 has marked its significant position in the market thanks to its tech-rich spacious interior, aerodynamic exterior and advanced driver assist features. Light assist, area view and touch steering wheel are only a few of the advanced features in ID.4. The average sales prices of the 2021 and 2022 models of ID.4 in 2024 have been AED 100,600 to AED 112,800. 

Volkswagen has been followed by another German car brand BMW. The BMW iX known for its slender twin headlights, dual BMW electric motors, fifth-generation eDrive technology and the latest electric all-wheel drive system has garnered buyer’s attention in 2024. The iX offers a superb range of 600 km and can accelerate from 0 to 100 km/h in just 5 seconds. The average sales price of the 2023 iX model in 2024 has been AED 332,200. 

The famous Japanese automobile brand Honda ranked fifth with its ENS1. The ENS1 combines the DNA of Honda with a blend of cutting-edge electrification and intelligent technology. The instance output delivering motor and large batteries of ENS1 provide it with a range of 510 km, excluding range-related complexities. In 2024, the sales price of the 2022 ENS1 model averaged AED 82,500. 

Popular Electric Sedans in 2024

The continuous evolution of electric sedans has helped them achieve significant popularity in the market, including the pre-owned segment. Inclusion of technologically advanced features, aerodynamic design and ergonomic design, are the core features of electric sedans, attracting a wide range of audience. In 2024, multiple electric sedans emerged as top choices for buyers, offering a seamless blend of style, performance, and sustainability. 

In 2024, the Tesla Model 3 has been the most popular used electric sedan in the UAE. Built on a performance chassis, the Model 3 features performance brakes, forged performance wheels and an all-new adaptive damping system, providing exceptional ride quality and handling. With all of these cutting-edge features, the average prices for the used Model 3 for sale in the UAE  in 2024 for the 2020 to 2024 models have ranged from AED 120,600 to AED 195,000.

Second on the list is the Porsche Taycan – available in 2 different shapes and 8 different variants. Equipped with an Active Ride mode, long range and short downtimes, the latest Taycan has successfully turned heads in 2024. The 300 kW motor provides Taycan with a top speed of 230 km/h, accelerating it from 0 to 100 km/h in just 4.8 seconds. The average prices of 2021 to 2024 models of the ultra-fast Taycan have been AED 389,900 to AED 466,900 in 2024. 

Another Tesla car – the Model S has made it to the list of popular used electric sedans in the UAE. The latest Model S reflects Tesla’s commitment to innovation and advancements. The cabin of Model S features a redesigned steering wheel, a 17-inch touchscreen with left-right tilt, hidden air vents and Tesla arcade games. Moreover, the electric powertrain designed as per thermal architecture allows fast charging, adding 322 km in just 15 minutes of charge. In 2024, the prices for used Tesla Model S vehicles for the 2020 to 2023 model years ranged between AED 200,700 and AED 350,000. 

BYD’s HAN has also remained popular among buyers seeking a used electric sedan in the UAE. With its aerodynamic exterior, Nappa leather-wrapped interior and powerful AWD dual-motor, HAN offers a comfortable ride with exceptional performance, cutting-edge technology and unmatched luxury. Released a year back, the average sales price of the used HAN 2023 model has been AED 164,500 in 2024. 

The fifth spot on the popularity index has been secured by Mercedes-Benz EQS. The EQS combines signature Mercedes features packed in an electrified sedan body. From digital lights, one-bow exterior, AIRMATIC suspension and 4MATIC AWD motor, the EQS is equipped with all the necessary features, making it stand apart from the competition. The average sales price of used EQS for sale in the UAE in the 2022 to 2024 model has ranged from AED 404,200 to AED 789,000 in 2024. 

New Arrivals and Announcements

2024 has been a monumental year for electric cars in the UAE. The groundbreaking innovations, technological advancements and highly anticipated model launches have reshaped the industry. As the UAE market’s shift towards sustainable transportation accelerates, leading automakers continue to raise their bars and a number of new entrants can also be seen in the EV market. 

Amidst these new entrants in the market, Chinese brands have dominated others. A large number of new Chinese entrants diversify the market by offering varied types of vehicles equipped with a myriad of advanced features. Besides the vehicles, comprehensive after-sale support and services by these brands have also boosted the competition in the UAE’s EV market. 

Here is an overview of the new launches and arrivals in the UAE’s EV market in 2024. 

• OMODA: The Chinese EV brand OMODOA has neutered the market with its latest C5 SUV. Whereas, the brand will soon launch another SUV E5. 
• XPENG: The electric car brand XPENG has officially partnered with GSM, entering UAE in 2024 with its flagship SUVs G9 and G6. 
• Chery: With Tiggo 8, Tiggo 7 and Tiggo 4, Chery is making strikes in the market soon after its launch in 2024. 
• NIO: The NIO MENA has been established in the UAE since October 2024 and its flagship SUV EL8 is available in the market.
• BYD ATTO3: An already established player in the market BYD has also entered the SUV electric segment with its ATTO3 model. 
• Volvo EX90: Volvo has launched its flagship electric SUV EX90 equipped with advanced safety features and a powerful motor. 
• MINI Cooper: The 2024 MINI Electric Cooper in two different variants and a 160 kW electric motor has also entered the market in 2024.

Concluding Remarks 

The electric car segment has become one of the fastest-growing categories in the UAE’s used car market. Government initiatives and incentives, evolution in battery technology, inclusion of advanced technological features and availability of diverse vehicles have contributed to the overall industry growth. In the process, dubizzle with its convenient user-journey and ease of buying used cars has played its part in the growth. 

Besides, the value-added features, inspection and a host of other after-sales services have aided EV buyers in making an informed decision. To conclude our report, let’s go through the key insights of the UAE’s pre-owned electric car market report 2024 to provide a clear picture. 

• Tesla has dominated the market with its models like Model 3, Model Y and Model X, successfully retaining the top position in the brand’s sedans and SUV category. 
• German car brands like Mercedes-Benz, BMW and Volkswagen have also remained UAE’s favourites for buying electric cars. 
• Chinese brands like BYD have shown dominance in the market within a few years of its launch. 
• Tesla Model 3, Porsche Taycan and Tesla Model S have remained the most popular used electric sedans in the UAE. 
• In the SUV category, Tesla’s Model Y and Model X have remained in the top 2 positions. The third spot has been secured by Volkswagen ID.4. 
• ZEEKR, a new entrant in the electric car market made it to the list of popular used electric car brands.

Haider Ali Khan, the CEO of Bayut & dubizzle and the Head of EMPG MENA shared his views on the UAE’s pre-owned car market in 2024 and said:

“The UAE’s used car market has experienced unprecedented growth in 2024, fueled by progressive market trends, such as increased consumer confidence, a surge in demand for electric and hybrid vehicles and a stronger emphasis on technologically advanced cars. While the luxury and non-luxury pre-owned car markets are dominated by established players, the electric car segment has welcomed many newcomers. The market has also seen a shift towards Chinese brands, with new entrants like BYD and ZEEKR carving out their niches. The influx of new models and brands, coupled with the growing digitisation of the buying process, is reshaping consumer preferences. At dubizzle, we are committed to supporting this dynamic landscape, ensuring every buyer finds the right vehicle to meet their needs in this exciting era of automotive evolution.”

Disclaimer: The above annual pre-owned electric car market report is based on data from listings advertised on dubizzle and is not representative of actual car transactions in the UAE. The average prices (AED) are for pre-owned models manufactured from 2020 to 2024.

Stay tuned to dubizzle’s auto blog for more information on electric car market trends.