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EV owners may soon have to pay for public parking

Latest News Dubai 02 Mar 24
EV owners may soon have to pay for public parking
Electric vehicle owners may soon have to pay for public parking.
Fee
Event Location
Dubai, Dubai
Area
Dubai
Start Time
02 March 2024, 12:00 AM
End Time
31 March 2024, 12:00 AM
Website

Parkin PJSC – operator of public parking spaces across the emirate – is exploring opportunities for monetisation in the EV sector, the company said on Tuesday.

Effective implementation of tariff optimisation is a key growth opportunity for Parkin, which announced expanding its business and services, following the launch of an initial public offering (IPO) and listing on the Dubai Financial Market (DFM).

Currently, there are public parking spaces allocated for free for a limited time across Dubai for electric cars. These parking spaces – painted in green to signify its exclusive use for eco-friendly vehicles – can only be used for a maximum of four hours at a time.

Aside from public parking spaces, several malls, offices and government compounds also have spots reserved for EVs. A fine of Dh1,000 fine is given to non-EV cars that occupy these reserved green parking slots.


Electric vehicle public parking



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