Riyadh - Sharikat Mubasher: The newly established Electric Vehicle Infrastructure Company announced its official brand name in the market, EVIQ, as a prelude for its operations in Saudi Arabia, the company revealed in a statement.
EVIQ is a joint venture between the Public Investment Fund (PIF) and the Saudi Electricity Company (SEC) that aims to support electric vehicle (EV) adoption in the Kingdom by building best-in-class infrastructure and creating a nationwide network of fast-charging hubs, in addition to encouraging the use of EVs across the country, in line with the sustainability goals of the Kingdom.
It targets accelerating the growth of the Kingdom’s EV ecosystem through collaborating with local partners for installation and maintenance, building a strong foundation for the sector, enabling higher EV adoption among the Saudi community, and laying the foundation to making the sector more attractive and rewarding for investors to take part in the journey.
Mohammad Bakr Gazzaz, CEO and Board Member at EVIQ, stated that the company will offer fast and reliable charging hubs for EVs across the Kingdom that are essential to driving EV adoption.
He added: “By providing a nationwide network of reliable, fast-charging hubs, EVIQ aims to bridge the gap and enable drivers in Saudi to buy and use EVs with confidence. The EVIQ charging locations will be easily identifiable & accessible, which will build trust in the reliability and efficiency of electric vehicles and the infrastructure that supports them.”
The launch of EVIQ came as part of the PIF’s strategy to boost the Kingdom’s automotive capabilities and promote its competitiveness, in line with Vision 2030 objective to diversify the economy and create new jobs.
