Investment entrepreneur Samer Choucair said that major global automakers preparing to launch a new generation of electric sport utility vehicles (SUVs) during 2026 and 2027 reflects the global shift toward sustainable mobility accelerating at an unprecedented pace.
Choucair explained that prominent global companies such as Volvo, BMW, Mercedes-Benz, and Rivian are moving to launch new models specifically targeting families and mothers in American suburbs, reflecting a clear shift in consumer behavior and preferences toward vehicles that combine practicality, comfort, and environmental sustainability.
He added that recent images and reports showing advanced electric SUVs outside modern homes and in quiet family settings confirmed growing global demand for sustainable daily mobility solutions, particularly as battery technology advances and charging efficiency and operating range for electric vehicles improve.
He noted that these shifts don’t represent merely a transformation in the auto industry, but reflect the emergence of a new economic ecosystem creating broad investment opportunities in manufacturing, infrastructure, energy, and technology.
*Electric SUVs Lead the Next Phase of Growth*
Samer Choucair affirmed that current global focus is centered on developing electric vehicles better suited to family use, combining high performance, reasonable cost, and ease of daily use.
He explained that major manufacturers are working to launch a wide range of new models, including the Rivian R2 and the upcoming BMW iX3, iX4, and iX5, in addition to future models being developed by Volvo and Mercedes-Benz.
He added that these vehicles offer important competitive advantages including longer driving range, faster charging technologies, and higher levels of safety and comfort, alongside designs that meet the needs of modern families.
He noted that these combined factors will help accelerate the pace of electric vehicle adoption globally in the coming years, strengthening the scale of investments tied to this sector.
*Vision 2030 Puts the Kingdom at the Heart of Sustainable Mobility*
Samer Choucair said that Saudi Arabia has today become an essential part of the global transformation underway in the electric vehicle industry.
He explained that Saudi Vision 2030 set clear targets for strengthening reliance on electric vehicles, including raising electric vehicles’ share to roughly 30% of new car sales by 2030.
He added that the Public Investment Fund played a pivotal role in supporting this direction through massive strategic investments in the sustainable mobility sector.
He noted that the Fund’s investment in Lucid Motors represented one of the most prominent practical steps toward achieving these goals, particularly with the establishment of an advanced plant in King Abdullah Economic City with production capacity reaching 155,000 vehicles annually in its advanced phases.
He affirmed that these investments don’t target manufacturing alone, but also contribute to knowledge transfer, strengthening local content, creating quality jobs, and supporting Saudi industrial exports to global markets.
*Electric Vehicles Represent an Economic Opportunity Beyond the Environmental Dimension*
Samer Choucair said that the global shift toward family electric vehicles represents a strategic economic opportunity before being merely an environmental trend.
He added that the Kingdom possesses unique fundamentals positioning it to benefit from this shift, whether through its geographic location, investment capabilities, or major industrial projects.
He affirmed that the expansion of the electric vehicle industry aligns directly with Vision 2030’s targets aimed at building a more diverse and sustainable economy.
*Infrastructure Will Be One of the Biggest Beneficiaries of the Shift*
Samer Choucair explained that rising demand for electric vehicles will lead to accelerated growth in infrastructure-related investments.
He added that the need for advanced charging networks, fast-charging stations, and smart energy management systems will create massive investment opportunities for investors in the Kingdom and the Gulf.
He noted that these investments will play an essential role in supporting the spread of electric vehicles and facilitating their widespread use in the coming years.
*Opportunities Extend Beyond Manufacturing*
Samer Choucair affirmed that a smart investment outlook shouldn’t be limited to car factories alone.
He explained that value chains tied to the electric vehicle sector span broad areas including batteries, smart technologies, raw materials, digital services, software, and energy management solutions.
He added that companies capable of developing innovative solutions in these areas will be among the most prominent beneficiaries of the sector’s expected growth over the coming decade, noting that international partnerships and technology transfer represent two essential elements in building an integrated sustainable mobility ecosystem within the Kingdom.
*Renewable Energy Supports the Sector’s Future*
Samer Choucair added that the success of the electric vehicle ecosystem is directly tied to the availability of clean, sustainable energy sources.
He explained that Saudi Arabia’s growing investments in solar and wind energy projects provide a strong foundation for supporting future expansion in the electric vehicle sector.
He affirmed that the integration between renewable energy and electric mobility will give the Kingdom an important competitive advantage in building a lower-emission, more sustainable economy over the long term.
*Promising Investment Opportunities for 2026 and Beyond*
Samer Choucair noted that investors seeking long-term opportunities can focus on several key sectors tied to the shift toward electric mobility.
He explained that the charging infrastructure sector represents one of the most prominent of these areas, through investment in fast-charging stations and smart networks.
He added that opportunities in local manufacturing and industrial partnerships will grow in importance as projects like the Lucid plant expand and efforts continue to attract global companies to the Kingdom.
He affirmed that the renewable energy sector forms a core pillar of this transformation, alongside growing opportunities in supply chains and technologies tied to batteries, raw materials, and smart solutions.
*Early Investment Makes the Difference in the Economy of the Future*
He concluded by affirming that the global shift toward electric vehicles and sustainable mobility represents one of the most important economic opportunities the world is experiencing during the current decade.
He added that Saudi Arabia possesses all the fundamentals needed to benefit from this shift tha…