Saudi Arabia to increase the number of electric cars in its capital

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Saudi Arabia to increase the number of electric cars in its capital

- Saudi Arabia said that at least 30% of cars in its capital would be electric by 2030, as the world s biggest oil exporters seeks to reduce global warming emissions.

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The target, announced on Saturday at the start of a Saudi climate conference, is part of a plan to halve carbon emissions in Riyadh City of 8 million people over the next nine years, said Fahd Al-Rasheed, president of the Royal Commission for Riyadh City.

The same day, Crown Prince Mohammed bin Salman pledged to eliminate global warming emissions within the country s borders by 2060.

The aim to increase EVs in Riyadh comes as more countries attempt to phase out internal combustion engines running on gasoline and petrol. China aims to make 25% of new vehicles electric by 2025. The U.K. plans to end sales of new fossil fuel vehicles by 2030.

We want to make sure that we reduce our carbon footprint, and that s the best way to do it, Al-Rasheed said in an interview with Bloomberg.

Saudi Arabia s sovereign wealth fund has been investing in EVs for several years, including in Tesla rival Lucid Motors Inc.

California-based Lucid is in talks with the fund to build an EV factory in the kingdom, according to people familiar with the matter. Australia s EV Metals Group Plc recently announced a project to invest $3 billion in Saudi Arabia to process minerals used in EV batteries None Colombia s Rain Shaman Got Paid to Stop the Storms, Until He Couldn t.

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