Living In UAE

Free parking, low interest rates on car loans – here are four benefits of owning an electric vehicle (EV) in Dubai

Find out how to benefit from Dubai's 'green mobility' drive.

Published: December 21, 2023 15:34 Zainab Husain, Features Writer

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Thinking of reducing your carbon footprint and buying an electric vehicle (EV)? There are many reasons why you might opt for an EV over a traditional car – it is good for the environment as it reduces emissions and is in most cases cheaper to maintain. — If you want to know more about whether an EV would be a good investment, compared to a fuel-powered car, read our guide here: gulfnews.com/1.1650037776601 Image Credit: Supplied

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If you live in Dubai, the perks for owning an electric vehicle are even more because of incentives offered from Dubai’s Roads and Transport Authority (RTA) and Dubai Electricity and Water Authority (Dewa), in line with Dubai’s efforts to promote ‘Green mobility’. — Image Credit: Supplied

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1. Free parking There are public parking spaces allocated in various areas of Dubai for electric vehicles. These slots are painted in green and have a parking sign above them stating that the space is only for electric vehicles. — In addition to public parking spaces, many malls, offices and government centres have spots reserved for electric vehicles. A Dh,1000 fine is applied when eco-friendly parking spaces are used by non-eco-friendly vehicles. Image Credit: Ahmed Ramzan/Gulf News

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Limit to free parking It is important to remember, though, that these eco-friendly parking spaces can be used only for a maximum of four hours. If you exceed this period of free parking, you face a fine of Dh100. — To find out more about parking violations in Dubai, read our guide here: gulfnews.com/1.1654091782119 Image Credit: Shutterstock

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Three types of eco-friendly vehicles can use free parking slots: Battery Electrical Vehicles Hybrid Electrical Vehicles Fuel Cell Electrical Vehicles. — Image Credit: Supplied

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2. Free Salik tag When you register a vehicle with RTA, you can get a free Salik tag, from a Salik customer service centre or from an authorised retailer. — For an in-depth explanation on how to register and activate a Salik tag, read our guide here: gulfnews.com/1.1631715213087 Image Credit: RTA

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Although the tag is free, the trips through Salik gates will be chargeable. So, you will be required to top up your Salik account, in order to use the routes that have the toll gate. Each crossing from under a Salik toll gate is charged at Dh4. — If your car does not have a registered Salik tag and you drive through a toll gate, you will have 10 days from the date of the first trip to register for a Salik tag. Read our guide here to find out more: gulfnews.com/1.1670593263717 Image Credit: Supplied

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3. 24/7 EV charging stations all over Dubai There over 600 electric vehicle charging stations all over Dubai. The charging stations located in petrol stations are available on a 24/7 basis. — If you want to know more about electric vehicle charging in Dubai and charging costs, read our detailed guide here: gulfnews.com/1.1652801236446 Image Credit: Dewa

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You can also find EV Green Chargers located at the DEWA Customer Happiness Centres. However, these are only available from 7.30am to 12am every day. — Image Credit: Dewa

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4. Lower interest rates on EV loans Many banks in the UAE also offer lower interest rates for electric vehicle loans. These are also known as ‘green loans’, where banks reward borrowers by offering lower interest rates on eco-friendly products, compared to average loans. — To find out more about ‘green loans’ and their benefits, click here: gulfnews.com/1.1700491450877 Image Credit: Shutterstock

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Green loans can be used to buy energy-efficient homes, finance energy-efficiency projects in business, buy electric vehicles, fund the development of wind farms, install solar panels, and a whole range of other environmentally sound purposes. — It is important to note that the process of financing electric vehicles varies across different banks. To find out more, read this report: gulfnews.com/1.1700711408960 Image Credit: Shutterstock

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