A cutaway display model of one of Nissan's electric vehicles seen at the global headquarters of Japanese automaker Nissan Motor in Yokohama

Minister of Energy and Infrastructure, Suhail Mohamed Al Mazrouei, shared details of the National Electric Vehicles Policy, which was approved by the cabinet last week.

The minister announced the outlines of the policy on Thursday, revealing that it will "create a conducive environment for green mobility through regulating the local market and creating balanced economic, environmental, and social incentives that promote the use of electric vehicles and increase their sale," WAM reported.

He explained that this policy will help the United Arab Emirates (UAE) to achieve its objectives of reducing energy consumption by 40% and carbon emissions by 10 million tonnes in the transport sector by 2050.

Furthermore, this policy will also ensure that there is an increase in electric vehicles to 50% of total vehicles on our roads by 2050.

The minister noted that this policy will accelerate the penetration of electric and hybrid vehicles, which will help the UAE to "establish a world-class electric vehicle infrastructure and set legislative and technical frameworks for recycling electric vehicle batteries locally."

Moreover, this policy will ensure that the business sector is encouraged to invest in electric vehicle charging stations with the aim of advancing green mobility.

The policy aims to create a network of electric vehicle charging stations by collaborating with partners from the federal and local governments and the private sector to enhance the UAE's competitiveness in this industry.

Last week, the Prime Minister of the United Arab Emirates (UAE), Sheikh Mohammed bin Rashid Al Maktoum held a cabinet meeting, where he approved various policies including National Electric Vehicles Policy.

At that time, the prime minister wrote on Twitter that the policy will encourage "building a national network for electric vehicle chargers, regulating the electric vehicle market, and stimulating related industries to ensure reduced emissions, energy consumption, and the preservation of the quality of roads that the UAE enjoys."

Sheikh Mohammed also announced the first national license for self-driving vehicles on the country's roads, which was granted to the specialized WeRide company.

Aside from this policy, the prime minister also disclosed that the country will be investing up to $54 billion in renewable energy sources over the next seven years.

After the cabinet meeting announcement, the Crown Prince of Dubai, Sheikh Hamdan bin Mohammed Al Maktoum inaugurated the world's largest renewable energy facility in the Warsan area, located in Dubai.

The country is focusing on clean energies and incentivizing decarbonization.

Last month, COP28 President-Designate, Dr. Sultan Al Jaber shared during the London Climate Action Week event that he would like to collaborate with the UK Government on policies that would help to increase climate investments and develop holistic ecosystems.