PlusX Electric Debuts in UAE: Revamps EV Charging Market

PlusX Electric, a trailblazer in the electric vehicle (EV) charging industry, has officially launched its operations in the UAE. With a focus on overcoming the significant barriers to EV adoption, PlusX Electric is poised to revolutionize the charging infrastructure with cutting-edge solutions designed to meet the needs of the UAE's rapidly growing EV sector.

Growth Projections and Market Trends

The global electric vehicle market is anticipated to expand from USD 396.4 billion in 2024 to USD 620.3 billion by 2030, reflecting a compound annual growth rate (CAGR) of 7.7%. In the UAE, the EV market share is forecasted to rise substantially, with projections indicating it will exceed 15% by 2030. Dubai has already achieved a milestone with 25,929 EVs, and Abu Dhabi's fleet has grown by up to 2,441 models as of Q4 2023. The UAE government has set ambitious goals to enhance its EV charging infrastructure to 10,000 stations by 2030 and to achieve 50% electric and hybrid vehicles by 2050. Dubai is also aiming to convert its taxi fleet to 100% eco-friendly vehicles by 2027, including hybrids, EVs, and hydrogen-powered models. PlusX Electric plans to address the existing public charging infrastructure gap and support future growth by offering a large-scale, convenient charging solution, thereby making EV ownership more practical and appealing for both individuals and businesses.

“Our innovative charging solutions not only make EV ownership more convenient but also support the UAE's vision for a greener, more sustainable future,” said Chintan Sareen, Founder & CEO of PlusX Electric. “We aim to remove the barriers that prevent more people from embracing electric vehicles. As a homegrown brand, PlusX Electric takes pride in its Dubai-grown research, development, and assembly center, underscoring its commitment to local innovation and economic growth. There is so much opportunity for a service like ours in the market and we are looking forward to growing with and satiating demand.”

Innovative Charging Solutions

At the core of PlusX Electric’s services is the world’s first Portable Charging Pod. These mobile units, designed for maximum convenience, can be delivered directly to customers, allowing them to charge their vehicles wherever needed. Currently, PlusX Electric has 31 pods in operation and plans to introduce a subscription service soon. By the end of this year, the company aims to expand its fleet to over 150 Portable Charging Pods, potentially saving customers a collective total of 168.75 years of charging time annually. The initial phase of PlusX Electric’s deployment will commence in the Dubai International Financial Centre (DIFC), with plans to extend coverage across Dubai by the end of 2024.

Additional Services and Features

Alongside the Portable Charging Pods, PlusX Electric offers a Valet Charging Service. This premium service involves picking up customers’ vehicles, charging them, and returning them, providing a hassle-free and time-efficient experience. PlusX Electric also offers professional installation of EV chargers at residential or commercial locations, tailored to the specific needs of each customer. The PlusX Electric app will include a unique carbon offset calculation tool, allowing users to monitor their environmental impact and support the UAE’s commitment to a sustainable future.