Nothing says replacing the oil-based economy by selling absurdly powerful, expensive EVs that maybe 1% of the population can afford. I see Saudi Arabia's got a bit of the denial-glasses on in terms of what makes economies last a bit longer than a oil-pump or two.
Saudi Arabia's first automaker, Ceer, has unveiled 1,111-hp electric cars with a massive 48-inch 8K display. The electric sedan and SUV are expected to launch in early 2027 and offer up to 1,111 hp in their most powerful configurations.
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