Automobile

Saudi Arabia May Be Looking Toward An Electric Future | MotorBiscuit

Oil-rich Saudi Arabia has been investing in electric vehicle technology for years. Laying the groundwork for a Saudi Arabian EV maker is the next logical step. The country has been actively investing in EV automakers in other countries. This new venture will create economic stability and careers for the people of the wealthy nation.

Saudi Arabian flag | Eric Lafforgue/Art in All of Us/Corbis via Getty Images

World-class consultants brought in

The massive consulting firm Boston Consulting Group was tapped to work with Saudi Arabian officials. A spokesperson for the Saudi Arabian Public Investment Fund told Bloomberg that the country is committed to advancing its economic diversity, and it involves some major players. This is a far cry from many of the small, independent EV startups seen elsewhere.

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