Dubai will spend millions of dirhams on incentives to have 42,000 electric vehicles (EVs) on the emirate's streets by 2030.
Dubai Electricity and Water Authority (Dewa) and the Road Transport Authority (RTA) on Sunday announced four incentives to help increase the number of plug-in cars, from free public parking and charging to toll-fee exemption and discounts on the plug-in car's registration.
Saeed Al Tayer, Dewa's managing director and chief executive, said that cost of the project is linked to the rate of utilisation of the incentives. While it was difficult to put an exact figure on how much the government will spend to provide these offers – the free public electricity alone will be in the "millions" of dirhams, he said.
The Dubai government had previously set the tariff for charging EVs by the green chargers at 29 fils per kilowatt hour (kWh), but now until the end of 2019, public charging stations will be free. "This is significant savings compared to fuel-powered cars," Mr Al Tayer said.
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Read more:
UAE hybrid and electric vehicles get special loan rates, but does that make them affordable?
Dubai to double its number of electric vehicle chargers
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Currently there are more than 100 public charging stations throughout the emirate, doubling next year to 200.
Mr Al Tayer said that EV cars such as the Renault Zoe had cost Dh7 to charge, while a similar petrol-fuelled car would cost Dh100 to fill its tank. For Tesla, the price to charge at one of the public stations was Dh29, more than 80 per cent cheaper than the Dh150 for fuel at a petrol station.
In collaboration with Dewa, the RTA has offered free public parking at designated areas which include Madinat Jumeirah, Jumeirah Beach Residence and Dubai International Airport. Nasser Shehab, chief executive of strategy and corporate governance at the RTA, said that there were over 40 parking areas across Dubai designated for EVs, with more being added.
The incentives offered by the RTA do not have an expiration at present. Any EV owner can apply for a Salik fee exemption to bypass the Dh4 charge at each of the seven toll gates as well as a 15 per cent discount on all car registration and renewal fees.
With the addition of these incentives, there are still limitations, said Mr Al Tayer. These include auto finance loans to insurance coverage, but there are also a limited selection of EV cars available for purchase on the UAE market. Tesla started its operations in Dubai in January, offering its Model S sedan, Model X SUV and now the cheaper Model M.
At that time the Tesla founder Elon Musk said that he expected to invest tens of millions of dollars in propelling the UAE'S EV infrastructure. Yet even before Tesla's emergence, France's Renault featured its Zoe in showrooms across the country.
However, there are other types of plug-in cars that may be available in the UAE soon.
BMW makes an all-electric car, known as the i3, yet only its hybrid i8 is in the country. Discussions are under way to have BMW, Honda, Nissan and Toyota all-electric cars sold in the country, a source told The National.
Despite hybrids being sold on the market, not all of the dual-powered types will qualify for this programme as cars must have an electrical plug. For instance, the Toyota Mirai is powered by hydrogen fuel. It is considered a hybrid car, but does not rely on electricity as a form of its power.
"I think there will be more cars in the future with the adaptation, definitely, but first we have this initiative and we need market penetration," said Mr Al Tayer. "Once we have solid infrastructure, I think this will attract more customers and agents [car makers] will increase."
The EV market is expected to make up the majority of new car sales worldwide by 2040, according to Bloomberg New Energy Finance (BNEF). Colin McKerracher, a BNEF transport analyst, said in June that he saw "momentous inflection point for the global auto industry in the second half of the 2020s".
BNEF forecasts EV sales globally will more than triple to 3 million by 2021 from 700,000 last year.
Ivano Iannelli, the Dubai Carbon chief executive, said that the EV model of the future will come from a Silicon Valley-type company.
"Don't expect EV manufacturers to be the BMW or Toyota, but your Apple, Google and other disruptive innovation companies," he said. "These are the companies that no one has heard of or feel threatened by currently, but tomorrow, they'll be the 'Teslas' attacking the market."
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
The%20specs
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THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
EXPATS
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Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
Company%20Profile
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
MATCH INFO
Manchester City 2 (Mahrez 04', Ake 84')
Leicester City 5 (Vardy 37' pen, 54', 58' pen, Maddison 77', Tielemans 88' pen)
Man of the match: Jamie Vardy (Leicester City)
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Company%20profile
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Meatless Days
Sara Suleri, with an introduction by Kamila Shamsie
Penguin
Squads
India: Kohli (c), Rahul, Shaw, Agarwal, Pujara, Rahane, Vihari, Pant (wk), Ashwin, Jadeja, Kuldeep, Shami, Umesh, Siraj, Thakur
West Indies: Holder (c), Ambris, Bishoo, Brathwaite, Chase, Dowrich (wk), Gabriel, Hamilton, Hetmyer, Hope, Lewis, Paul, Powell, Roach, Warrican, Joseph
'Panga'
Directed by Ashwiny Iyer Tiwari
Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta
Rating: 3.5/5
ICC men's cricketer of the year
2004 - Rahul Dravid (IND) ; 2005 - Jacques Kallis (SA) and Andrew Flintoff (ENG); 2006 - Ricky Ponting (AUS); 2007 - Ricky Ponting; 2008 - Shivnarine Chanderpaul (WI); 2009 - Mitchell Johnson (AUS); 2010 - Sachin Tendulkar (IND); 2011 - Jonathan Trott (ENG); 2012 - Kumar Sangakkara (SL); 2013 - Michael Clarke (AUS); 2014 - Mitchell Johnson; 2015 - Steve Smith (AUS); 2016 - Ravichandran Ashwin (IND); 2017 - Virat Kohli (IND); 2018 - Virat Kohli; 2019 - Ben Stokes (ENG); 2021 - Shaheen Afridi
'Unrivaled: Why America Will Remain the World’s Sole Superpower'
Michael Beckley, Cornell Press
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COMPANY%20PROFILE%20
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Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
The biog
Name: James Mullan
Nationality: Irish
Family: Wife, Pom; and daughters Kate, 18, and Ciara, 13, who attend Jumeirah English Speaking School (JESS)
Favourite book or author: “That’s a really difficult question. I’m a big fan of Donna Tartt, The Secret History. I’d recommend that, go and have a read of that.”
Dream: “It would be to continue to have fun and to work with really interesting people, which I have been very fortunate to do for a lot of my life. I just enjoy working with very smart, fun people.”
If you go
The flights
There are various ways of getting to the southern Serengeti in Tanzania from the UAE. The exact route and airstrip depends on your overall trip itinerary and which camp you’re staying at.
Flydubai flies direct from Dubai to Kilimanjaro International Airport from Dh1,350 return, including taxes; this can be followed by a short flight from Kilimanjaro to the Serengeti with Coastal Aviation from about US$700 (Dh2,500) return, including taxes. Kenya Airways, Emirates and Etihad offer flights via Nairobi or Dar es Salaam.
Company%20profile
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Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
if you go
The flights
Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.
The hotel
Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.
The tour
Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg
Family reunited
Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.
She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.
She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.
The couple were married in August 2009 in Winchester and their daughter was born in June 2014.
She was held in her native country a year later.
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
Company%20Profile
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MATCH INFO
First Test at Barbados
West Indies won by 381 runs
Second Test at Antigua
West Indies won by 10 wickets
Third Test at St Lucia
February 9-13
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
