Electric Vehicle Infrastructure Company unveils official brand

Logo of Electric Vehicle Infrastructure Co.

Electric Vehicle Infrastructure Co., which supports the Kingdom’s transition towards electric vehicles (EVs), unveiled EVIQ as its official market trade name.

The company supports the transition to EVs by providing the best-in-kind infrastructure and establishing a national network of fast charging stations. This is to enable and encourage the use of EVs across Saudi Arabia, in line with the Kingdom's sustainability goals.

EVIQ aims to enhance the EV sector's growth across the Kingdom through constructive cooperation with local partners in the field of installation and maintenance. This will lay a solid foundation for the sector, which will help increase the use of EVs among Saudi citizens and make the sector more appealing to investors, the Saudi Press Agency (SPA) reported.

The launch of EVIQ is consistent with the Public Investment Fund's (PIF) strategy to strengthen the Kingdom's capabilities in the automotive sector and boost the country's competitiveness. This is besides supporting the Kingdom's efforts to drive economic diversification and job creation in the Saudi market.

Mohammad Gazzaz, EVIQ's CEO and board member, said that EVs are the future of transportation, citing the broad range of growing interest therein among Saudi consumers.

EVIQ will provide a network of fast and reliable EV charging stations across the Kingdom, laying the foundation for the increased utilization of EVs among community members, the CEO added.

He further stressed that EVIC aims to bridge the gap and enable drivers in the Kingdom to confidently purchase and use EVs.

Aiming to establish such strong confidence in the efficiency of EVs and the relevant supporting infrastructure, the company strives to ensure that EVIQ’s charging stations are reliable as well as easily reachable and accessible.

In October, the PIF and Saudi Electricity Company (SEC) announced the launch of Electric Vehicle Infrastructure. PIF holds a 75% stake in the company, while SEC owns the remaining 25% stake, Argaam earlier reported.