Abu Dhabi, UAE—ADNOC Distribution and Abu Dhabi National Energy Company (TAQA) agreed to establish a mobility joint venture, E2GO (pronounced E to Go), to build and operate electric vehicle (EV) infrastructure in Abu Dhabi and the wider UAE.
The partnership will include a network of fast chargers at key locations, featuring associated solutions such as parking and tolling services, in addition to related digital platforms to facilitate EV charging.
The new venture is supported by a new regulatory Policy for Electric Vehicle Charging Infrastructure in Abu Dhabi that the Abu Dhabi Department of Energy recently launched as part of UAE’s net-zero pursuits.
Demand for EVs in the UAE market is projected to see a compound annual growth rate of 30 percent between 2022 and 2028, according to the global electric mobility readiness index published in 2022.
E2GO comes at a time when Abu Dhabi is said to need 70,000 charging points by 2030 to meet growing EV demand. To support this demand, an investment of up to US$200 million of CAPEX will be needed for this critical infrastructure.