Saudi Arabia to produce, export 150,000 electric cars in 2026: Minister

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Saudi Arabia will manufacture and export more than 150,000 electric cars in 2026, Minister of Communications and Information Technology Abdullah al-Swaha said on Wednesday.

“This was a dream, and it has become a reality under the leadership of the Crown Prince,” al-Swaha said.

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“In 2026, the Kingdom will manufacture and export more than 150,000 electric car,” al-Swaha said at a session to discuss the National Industrial Strategy which Crown Prince Mohammed bin Salman launched earlier this week.

He added that Saudi Arabia’s investment in Lucid Motors “has placed the Kingdom among developed countries.”

Saudi Arabia’s Public Investment Fund (PIF) owns 61 percent of the California-headquartered electric vehicle maker.

In May, Minister of Investment Khalid Al-Falih announced that construction began on the Lucid Motors electric vehicle factory in Saudi Arabia.

The Saudi government announced in April that it had placed an order for between 50,000 and 100,000 electric vehicles from Lucid within the next ten years.

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