Dubai: Do you plan to buy electric vehicles? Loans, insurance, charging stations; everything you need to know – News
Several brands of electric vehicles are available in the UAE, including Tesla, BMW, Volkswagen, Kia, Renault, Hyundai, Porsche and the locally produced car Damani.
Amid rising fuel prices, there has been a lot of talk about electric vehicles. So what is an electric vehicle (EV)? An electric vehicle uses an electric motor for propulsion instead of a conventional vehicle, which runs using a diesel or gasoline engine.
Electric vehicles have several benefits, including promoting better air quality, reducing noise pollution, decreasing reliance on fossil fuels, and reducing greenhouse gas emissions. According to figures released by the Dubai Electricity and Water Authority (Dewa) earlier this year, the number of registered electric vehicles rose from 71 on December 31, 2015 to 5,107 on January 31, 2022.
Khaleej Times has rounded up everything you need to know before diving into the world of electric vehicles.
According to information listed on the Dubai EV Community Hub website, the following bank loan offers are available for the purchase of electric vehicles.
Emirates NBD offers green car loans with the following offers:
- 0.50% discount on interest rate reduction
- 0.25% discount on the fixed interest rate
HSBC offers green auto loans with the following offer:
- 50% reduction on application fees
- 0.25% rate reduction on the applicable interest rate
National Bank of Fujairah offers green car loans with low interest rates starting at 2.2% per annum.
According to the Dubai EV Community Hub website, a “variety of insurance companies” in the UAE have plans in place for electric vehicles.
Although Tesla is the brand most associated with electric cars, several brands of electric vehicles are available in the UAE. BMW, Volkswagen, Kia, Renault, Hyundai and Porsche and the first locally produced car Damani are among the many brands of electric vehicles available on the market.
A list of upcoming cars, models and details can be found on the Dubai EV Community Hub website. EV enthusiasts can also find a list of new and used EV cars available, also posted on the EV Labs website.
EV car owners can create a Dewa EV account on the website or app using their Dewa ID number or UAE Pass. A security deposit of 500 Dh must be paid for registration. Registered users will receive a green EV charger card, which will be delivered for a fee of Dh20 within three working days.
Is inter-emirate travel possible by EV?
Several residents of the United Arab Emirates are successfully making trips between the emirates in their electric vehicles, with some doing so daily. According to a graphic shared on the Dubai EV Community Hub website, most “electric vehicle models available in the UAE are easily capable of accommodating inter-emirate travel when combined with the use of charging stations. public charging”.
Most public electric vehicle charging stations in the United Arab Emirates have been installed by local electricity utilities such as the Dubai Electricity and Water Authority (DEWA) and the federal electricity utility Etihad Water and Electricity. A full list of charging stations is available on the Dubai EV Community Hub website.
READ ALSO :
Different types of chargers
Wall Box Charger (22 KW AC, with a single type 2 socket): It provides a full charge in 2 to
4 hours, depending on car type and battery capacity.
Public charger (2x 22 kw ac, with type 2 double socket): Provides a full charge in 2 to 4 hours, depending on car type and battery capacity.
Rapid Charger (43kW AC with Type 2 Plug, 50kW DC ChadeMO and Combo CCS Sockets): Delivers an 80% charge in 20-45 minutes depending on car type and battery capacity. Most of them are installed at gas stations.
Ultra-fast charger (150 kW DC with ChadeMO sockets and CCS combo): Charging time depends on car type and battery capacity
The green EV charging card can then be used to charge at any public charging station. Users can start charging within an hour after the process is completed by scanning the card or scanning the QR code on the charger. Once the car is charged, a user can make payments on the app or have the amount added to the Dewa bill at the end of the month.