Electric Taxi Market 2022 Business Scenario - BYD Motor Corp., Nissan Motor Co. Ltd., SAIC Motor Corp. Ltd., Tesla Motors Inc.

The Electric Taxi Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The EV Taxi Market is projected to grow with a CAGR of more than 12 % during the forecast period.

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Top Leading Companies of Global Electric Taxi Market are - BYD Motor Corp., Nissan Motor Co. Ltd., SAIC Motor Corp. Ltd., Tesla Motors Inc., LEVC, Chery Automobile Co. Ltd., Mitsubishi Motor Corp., Toyota Motor Corp., BMW AG, Fiat Group, General Motors Co., Honda Motor Co. Ltd., Volkswagen Group., and others.

Industry News and Updates:

November 2019-- Ideanomics, a global financial technology company has announced that its Mobile Energy Global (MEG) division has secured an order for 35,000 Electric Vehicle (EV) taxis from the Yunnan Energy Investment Group, which is a province-designated entity for clean energy transportation solutions in China.

Key Market Trends:

The demand for electric vehicles is directly linked with the infrastructure available for charging these vehicles in the specific country. Hence, to boost the demand for electric vehicles the governments are continuously increasing their spending to enhance the infrastructure in their region so as to provide sufficient number of charging stations and other financial benefits to the end user so that they are attracted towards these eco-friendly vehicles and reduce the pollution levels in their country.

For instance, in Norway which has a high adoption rate of electric vehicles and there is a waiting list for the delivery of EVs, is enhancing the infrastructure for EV taxis very rapidly. For instance, in March 2019, the Norway government announced that Oslo, which is the capital city of Norway will become first city in the world to install wireless charging systems for electric taxis, hoping to make recharging quick and efficient enough to speed the take up of non-polluting cabs.

China which is the largest market of electric vehicles will invest RMB 10 billion (USD 1.42 billion) in year 2020, to expand the country’s charging network by 50% this year to stimulate EV deployment. As of 2019, China had over 1.2 million charging points and with this investment a total of 600,000 charging points will be established.

On The Basis of Types:

Compact Electric Taxi

Sedan Electric Taxi

SUV Electric Taxi

On The Basis of End Users/Applications:

Taxi Company

Luxury Customized Taxi Company

Other

Regional Analysis:

The Asia-Pacific region is expected to be the largest market for electric vehicle taxi market. The demand is driven by high adaption rate of electric vehicles in the region and the growing demand for taxi fleet. The region has large economies like India and China which are very highly populated and the demand for taxi services in the region are also growing with the growing rate of urbanization in the region because of the developing nature of these economies.

There are several major players in the region like, BYD which sells 60 % of its pure electric cars for public transport. In 2019, the metropolitan city of Shenzhen in southern China, which is a high-tech hub has reached an environmental milestone of an almost entirely electric-powered taxi fleet, about 99 percent of the 21,689 taxis operating in the city were electric.

Similarly, in India the government is pushing the major fleet operators like Ola, Uber etc. to expand their electric vehicle fleet and convert their 40% of vehicles to electric by the end of 2026. Niti Aayog officials and the ministries of road transport, power, renewable energy and steel, as well as the departments of heavy industries and trade, were among those recommending taxi operators in India gradually convert to electric in India.

Some of the key questions answered in this report:

What is the rate of market growth, growth momentum or acceleration market at the time of forecasting?

What are the key factors that drive the Electric Taxi market?

What was the size of the emerging Electric Taxi market by price in 2021?

What will be the size of the emerging Electric Taxi market in 2026?

Which region is expected to hold the highest market share in the Electric Taxi industry?

What trends, challenges and barriers will affect the development and size of the Global Electric Taxi market?

What is sales volume, revenue, and value analysis of top Key competitors of Electric Taxi market?

What are the Electric Taxi market opportunities and threats faced by the vendors in the global Electric Taxi Industry?

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What Are the Market Factors That Are Explained in The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Electric Taxi Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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