The Government of the Kingdom of Saudi Arabia has entered into an agreement with the American electric vehicle (EV) manufacturer, Lucid to purchase a minimum of 50,000 to 100,000 EVs over a ten-year period to diversify its fleet to be more eco-friendly.
This agreement is a significant move that supports the key objectives of Vision 2030 including diversifying and transforming the economy, society and Saudi citizens, building new sectors fit for the future and creating skilled jobs for future generations.
It also comes in alignment with the Saudi Green Initiative (SGI) and the Middle East Green Initiative (MGI), which were previously announced by His Royal Highness, the Crown Prince Mohammed bin Salman.
Peter Rawlinson CEO & CTO Lucid
“Delivering up to 100,000 Lucid electric vehicles in Saudi Arabia represents another pivotal moment in our acceleration of sustainable transportation worldwide. We are delighted to be supporting Saudi Arabia in achieving its sustainability goals and net-zero ambitions, as outlined by Saudi Vision 2030 and the Saudi Green Initiative, by bringing our advanced luxury EVs to Saudi Arabia.”
The Saudi government has agreed to purchase vehicles, including Lucid Air and other future models, built and assembled at Lucid’s Arizona factory and its future international manufacturing facility in Saudi Arabia.
The order quantity is expected to range from 1,000 to 2,000 vehicles annually and increase to between 4,000 and 7,000 vehicles annually starting in 2025, with the delivery of the vehicles required to commence no later than the second quarter of 2023.
This latest agreement enables the Kingdom to diversify the technologies used in the private transport sector as part of its continuing efforts to develop technologies for managing vehicles emissions, which includes, the manufacturing of EVs in the Kingdom, advanced low emission fuel development programs, and experimenting and developing technologies for hydrogen-cell vehicles.
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