New Energy Vehicle Taxi Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Powertrain (Battery Electric, Hybrid, and Plug-in Hybrid Electric), By Vehicle Type (Hatchback, SUV and Sedan), By Region, Competition 2019-2029F

Industry : Automotive
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Published Date : NA

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Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 101.22 Billion
CAGR (2024-2029)	5.18%
Dominating Segment	Battery Electric
Largest Market	North America
Market Size (2029)	USD 136.64 Billion

Market Overview

Global New Energy Vehicle Taxi Market was valued at USD 101.22 billion in 2023 and is anticipated to reach USD 136.64 billion by 2029, growing with a CAGR of 5.18% through 2029. The global NEV taxi market is currently undergoing a transformation owing to cities’ efforts to decrease emissions and improve mobility. This market refers to EVs, PHEVs, and HFCVs used for taxi services. Local governments and municipal authorities are beginning to encourage the use of NEV taxis through policy support, subsidies and incentives due to the large impact that traditional gasoline and diesel powered taxis have on the environment. The increase in environmental consciousness, the development of batteries and charging stations, and the NEV taxi market are the main drivers for NEV taxis.

Several factors contribute to the growth of the NEV (New Energy Vehicle) taxi market. Firstly, stringent emission standards and policies aimed at reducing urban pollution are compelling taxi operators to switch to cleaner energy vehicles. In response, governments have introduced incentives such as tax rebates, grants, and reduced registration fees to encourage the adoption of NEVs. Secondly, the decline in the cost of lithium-ion batteries has made electric taxis more affordable compared to other alternatives. This reduction in battery costs, combined with improved battery range and shorter charging times, enhances the attractiveness of NEVs for taxi services. Additionally, the rise of ride-hailing platforms is intensifying pressure on NEV taxi manufacturers, as companies strive to meet sustainability goals and cut fuel expenses.

Several trends and opportunities are currently shaping the NEV (New Energy Vehicle) taxi market. A notable trend is the integration of advanced technologies such as telematics, the Internet of Things (IoT), and artificial intelligence (AI) to enhance fleet management and improve customer satisfaction. These innovations enable real-time tracking of vehicle performance, predictive maintenance, and optimized route planning, thereby boosting the operational efficiency of NEV taxis. Another significant trend is the increasing collaboration among automobile manufacturers, technology firms, and energy providers to develop sufficient charging infrastructure and battery swapping stations. This cooperation addresses challenges related to the limited driving range and lengthy charging times associated with NEVs. Additionally, the rising consumer focus on eco-friendly and sustainable transportation solutions presents substantial growth potential for NEV taxi services. However, there are several issues that need to be addressed. One major challenge is the limited availability of NEVs and their high upfront costs, which may deter smaller taxi operators from making the switch. Furthermore, inadequate charging infrastructure, particularly in developing regions, remains a significant obstacle to widespread adoption of NEV taxis.

Market Drivers

Government Incentives and Regulations

Globally governments are putting tight policies to reduce emission and encourage environment friendly transport systems. To promote NEVs, there are policies like tax credits, subsidies, and grants are being provided to consumers. For instance, in 2023, the European Union came up with new emissions standards that would reduce the rates of high-emission vehicles while promoting the use of low-emission vehicles. This regulatory framework is pushing the conversion to NEV taxis. Also, such measures as low-emission zones in cities like London and Paris, in which only electric or hybrid taxis are allowed, also contribute to the advancement of NEVs.

Technological Advancements in Battery Technology

The battery technology is improving and thus the NEVs are becoming more feasible to be used in taxi services. Lithium-ion batteries’ costs have declined over time and thus have affected the costs of NEVs. Tesla and Panasonic are among those who have declared new battery innovations in 2023 with better energy density and charging time. These developments enhance the competence and shorten the range of NEV taxis, thus making them superior to conventional internal combustion engine vehicles. Higher mileage and usage patterns of taxi services require better battery capacity and durability.

Rise of Ride-Hailing Services

The emergence of online car hailing services like Uber, Lyft, Didi Chuxing etc has created the need for NEV taxis. These companies are gradually adopting electric vehicles to meet the requirements of sustainable development and also to cut down on expenses. In 2024, Uber said that it will achieve zero emissions mobility by 2030 and committed to purchasing tens of thousands of electric and hybrid cars. The growth of ride hailing services among the working population in urban areas combined with these companies’ environmental policies is driving the market for NEV taxis. Also, collaborations between ride-hailing firms and automotive manufacturers are now driving the adoption of NEVs at a faster pace.

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Key Market Challenges

High Initial Costs and Limited Availability

As for the battery, although the cost of NEVs’ batteries has been gradually reduced, the NEVs is still expensive in terms of the first cost relative to conventional vehicles. These high initial costs present a problem to smaller operators, and thus they are unable to invest in NEVs. Besides, the accessibility of NEVs remains low in many places, especially in the developing world. A Bloomberg NEF analysis in 2023 showed that while NEV prices are declining, they are still high to be afforded by most independent taxi owners hindering their adoption.

Inadequate Charging Infrastructure

Insufficient charging infrastructure is a major challenge that slows the development of NEV taxis. In many areas including rural areas, there is no sufficient infrastructures to support the use of NEVs. Compared to refuel traditional vehicles, the long charging time is a disadvantage and can hinder the operations of taxi services hence lowering profitability. This problem is in the process of being solved; thus, Shell and BP stated in 2023 on the plans to increase the number of charging points for EVs. However, the progress of infrastructure construction should be stepped up to meet the demands of NEVs in the future.

Battery Longevity and Resale Value Concerns

The battery capacity reduction over time and it’s effect on the operational efficiency of the taxis and the re-sale value of the car is another area of concern among the operators. NEV batteries degrade with time, hence lowering the vehicles range and efficiency hence escalating the operational costs. MIT research in June 2024 pointed out that while battery technology is advancing, the battery degradation and performance fluctuation in NEVs are still problems. In the same way, the unpredictable value of NEVs as compared to regular taxis pose as a barrier to operators transitioning to NEVs.

Key Market Trends

Integration of Advanced Technologies

The NEV taxi market is being reshaped by the integration of intelligent technologies like telematics, IoT, and AI. These technologies allow for constant tracking of performance, timely identification of issues that need fixing and proper planning of routes which would in turn improve operations and passengers’ satisfaction. For example, in 2024, Tesla developed an AI-based system that optimizes the management of electric taxis’ fleets and minimizes their time off. Such technologies are essential in enhancing the efficiency and the returns of NEV taxis.

Collaborations and Partnerships

Growing partnerships between car manufacturers, IT companies and energy companies are boosting the NEV taxi business. These are partnerships that are expected to solve some of the problems like charging infrastructure and battery technology. In 2023, Volkswagen signed partnership with BP to deploys fast-charging network in Europe. Likewise the Toyota Motor Corporation entered into a strategic alliance with the Panasonic Corporation for better production of batteries for electric cars at a cheaper cost. These collaborations are critical for NEV market expansion since they ensure that all problems affecting the industry are solved through the provision of complete solutions.

Sustainable Fleet Initiatives by Ride-Hailing Companies

Ride-hailing platforms have been setting goals of becoming NEV-centric in order to meet sustainability goals. In 2024, Lyft put into operation the program of electrification of vehicles, which provides for the transition to fully electric cars by 2030, including promotions and bonuses for drivers who decided to switch to electric cars. These measures are not only effective in lowering the carbon impact of city transportation, but are also providing the general blueprint for NEV acceptance in the taxi market. The sincerity that these companies have put into the sustainability aspect is pushing the call for NEV taxis as well as the investment in this specific area.

Segmental Insights

Powertrain Insights

The global new energy vehicle (NEV) taxi market is segmented by powertrain into three primary categories: these are battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs). Every powertrain type has its unique characteristics and is essential in the development of the market, fulfilling diverse requirements of taxi fleet management and the owners’ preferences.

Battery electric vehicles (BEVs) are all-electric, powered solely by rechargeable battery packs, and produce zero emissions. As the dominant choice for reducing urban air pollution and greenhouse gas emissions, BEVs benefit from ongoing advancements in battery technology, resulting in improved range and faster charging times. Compared to internal combustion engine vehicles, BEVs have lower maintenance costs due to fewer moving parts. The continuous expansion of the charging network, including an increase in fast-charging stations, enhances the feasibility of BEVs for the taxi business. BEVs are particularly well-suited for short to medium-distance driving, which aligns with typical city traffic conditions and the growing availability of charging stations.

Hybrid electric vehicles (HEVs) are those automobiles that contain an internal combustion engine and an electric motor and battery. This configuration enables the HEVs to run on electricity alone for a certain distance and the gasoline engine for longer distances and higer speeds. HEVs are therefore a good choice for taxi operators who want to cut their fuel bills and emissions but are not quite ready to go fully electric. Another feature that is integrated in HEVs is regenerative braking system that assists in recharging the battery while in use. HEVs are beneficial in areas where the charging facilities are scarce since HEVs are not solely dependent on the charging systems.

PHEVs are closely related to both BEVs and HEVs as they have battery packs with significantly greater storage capacity that can be charged externally while containing an ICE. PHEVs can effectively perform their duty in all electric mode for a one way distance, which means, they can save a lot of fuel and emissions during city duty cycles. When the battery is empty, the vehicle goes into hybrid mode which affords it the luxury of travelling longer distances without the feeling of being ‘range limited’. As with the previous case of electric cars, PHEVs are a good compromise between electric driving and the range of a conventional engine which can be useful for the needs of the taxi operators. The combination of the electric and gasoline engines in PHEVs gives them operational versatility, and they can be useful in regions with the emerging charging network.

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Regional Insights

The Global New Energy Vehicle (NEV) Taxi Market is segmented by region into North America, Europe & CIS, Asia-Pacific, South America, and the Middle East & Africa, each exhibiting unique growth patterns and dynamics.

In North America, the NEV taxi market is driven by stringent emission regulations and supportive government policies aimed at reducing urban pollution. The region has seen significant adoption of electric vehicles due to incentives such as tax credits and rebates, coupled with a growing focus on sustainability. The market is characterized by a strong infrastructure for electric vehicle support, including an expanding network of charging stations. This has made North America a significant player in the NEV taxi market, although it faces challenges such as high upfront costs and a relatively slower adoption rate compared to some other regions.

Europe & CIS stands out as a dominant region in the NEV taxi market. The European Union has implemented aggressive policies to promote zero-emission vehicles, including stringent emission standards and substantial financial incentives for NEV adoption. These measures, combined with an extensive network of charging infrastructure, have led to widespread adoption of NEVs in urban areas across Europe. The region's commitment to reducing greenhouse gas emissions and improving air quality further supports the growth of NEV taxis, making it a leading market for electric taxis.

Asia-Pacific is another key region exhibiting substantial growth in the NEV taxi market. The rapid urbanization, rising environmental awareness, and government initiatives to promote electric vehicles have contributed to this growth. Countries such as China are at the forefront, with significant investments in EV infrastructure and subsidies for electric vehicle purchases. The burgeoning demand for ride-hailing services in this region also fuels the adoption of NEV taxis, as operators seek to align with environmental goals and reduce operational costs.

South America, while still developing, is gradually expanding its NEV taxi market. The region faces challenges such as limited charging infrastructure and higher vehicle costs, but there is increasing interest driven by government incentives and a growing awareness of environmental issues.

The Middle East & Africa region shows potential but is currently less developed compared to other regions. The growth of the NEV taxi market here is hindered by infrastructure limitations and high initial costs, though rising interest in green technologies and improving economic conditions may drive future growth. Europe & CIS currently dominates the NEV taxi market due to its strong regulatory support and well-established infrastructure. However, Asia-Pacific is rapidly growing and poses a significant challenge to this dominance with its extensive adoption and supportive policies.

Recent Developments

In 2024, Lyft outlined an extensive plan to electrify its ride-hailing fleet by 2030. The strategy involves incentivizing drivers to switch to electric vehicles and collaborating with automakers and financial institutions to offer rebates and attractive leasing options for NEVs. Additionally, Lyft plans to work with energy providers to establish more charging points, making it easier for drivers to access necessary charging facilities.
In 2023, Uber announced an expansion of its electric vehicle offerings as part of its goal to achieve a zero-emissions platform by 2030. The company pledged $800 million to support drivers in transitioning to EVs, including special deals from vehicle manufacturers and discounted charging rates. This initiative is a key element of Uber’s sustainability strategy and reflects a broader trend towards NEV taxis in the ride-hailing industry.
In 2023, Volkswagen and BP formed a partnership to develop a comprehensive network of fast-charging stations across Europe. This collaboration aims to address a major challenge in the NEV market: the limited availability of charging infrastructure. The project includes installing high-power charging stations in strategic locations to enhance the practicality of NEV taxis by reducing charging times and improving accessibility.

Key Market Players

Uber Technologies, Inc.
Lyft, Inc.
DiDi Global Inc.
Bolt Operations OÜ
Transopco UK Limited
Grab Holdings Limited
ANI Technologies Private Limited
Green Cabs
BluSmart Tech Pvt Ltd
Axoir Internet Ventures Pvt Ltd.

By Vehicle Type	By Powertrain	By Region
Hatchback SUV Sedan	Battery Electric Hybrid Plug-in Hybrid Electric	North America Europe & CIS Asia-Pacific South America Middle East & Africa

Report Scope:

In this report, the Global New Energy Vehicle Taxi Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

New Energy Vehicle Taxi Market, By Powertrain:

o Battery Electric

o Hybrid

o Plug-in Hybrid Electric

New Energy Vehicle Taxi Market, By Vehicle Type:

o Hatchback

o SUV

o Sedan

New Energy Vehicle Taxi Market, By Region:

o Asia-Pacific

§ China

§ India

§ Japan

§ Indonesia

§ Thailand

§ South Korea

§ Australia

o Europe & CIS

§ Germany

§ Spain

§ France

§ Russia

§ Italy

§ United Kingdom

§ Belgium

o North America

§ United States

§ Canada

§ Mexico

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Turkey

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global New Energy Vehicle Taxi Market.

Available Customizations:

Global New Energy Vehicle Taxi market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

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Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Methodology Landscape

2.2. Objective of the Study

2.3. Baseline Methodology

2.4. Formulation of the Scope

2.5. Assumptions and Limitations

2.6. Sources of Research

2.7. Approach for the Market Study

2.8. Methodology Followed for Calculation of Market Size & Market Shares

2.9. Forecasting Methodology

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Global New Energy Vehicle Taxi Market

5. Global New Energy Vehicle Taxi Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Vehicle Type Market Share Analysis (Hatchback, SUV and Sedan)

5.2.2. By Powertrain Market Share Analysis (Battery Electric, Hybrid, and Plug-in Hybrid Electric)

5.2.3. By Regional Market Share Analysis

5.2.3.1. Asia-Pacific Market Share Analysis

5.2.3.2. Europe & CIS Market Share Analysis

5.2.3.3. North America Market Share Analysis

5.2.3.4. South America Market Share Analysis

5.2.3.5. Middle East & Africa Market Share Analysis

5.2.4. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

5.3. Global New Energy Vehicle Taxi Market Mapping & Opportunity Assessment

5.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2. By Powertrain Market Mapping & Opportunity Assessment

5.3.3. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific New Energy Vehicle Taxi Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Vehicle Type Market Share Analysis

6.2.2. By Powertrain Market Share Analysis

6.2.3. By Country Market Share Analysis

6.2.3.1. China Market Share Analysis

6.2.3.2. India Market Share Analysis

6.2.3.3. Japan Market Share Analysis

6.2.3.4. Indonesia Market Share Analysis

6.2.3.5. Thailand Market Share Analysis

6.2.3.6. South Korea Market Share Analysis

6.2.3.7. Australia Market Share Analysis

6.2.3.8. Rest of Asia-Pacific Market Share Analysis

6.3. Asia-Pacific: Country Analysis

6.3.1. China New Energy Vehicle Taxi Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Vehicle Type Market Share Analysis

6.3.1.2.2. By Powertrain Market Share Analysis

6.3.2. India New Energy Vehicle Taxi Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Vehicle Type Market Share Analysis

6.3.2.2.2. By Powertrain Market Share Analysis

6.3.3. Japan New Energy Vehicle Taxi Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Vehicle Type Market Share Analysis

6.3.3.2.2. By Powertrain Market Share Analysis

6.3.4. Indonesia New Energy Vehicle Taxi Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Vehicle Type Market Share Analysis

6.3.4.2.2. By Powertrain Market Share Analysis

6.3.5. Thailand New Energy Vehicle Taxi Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Vehicle Type Market Share Analysis

6.3.5.2.2. By Powertrain Market Share Analysis

6.3.6. South Korea New Energy Vehicle Taxi Market Outlook

6.3.6.1. Market Size & Forecast

6.3.6.1.1. By Value

6.3.6.2. Market Share & Forecast

6.3.6.2.1. By Vehicle Type Market Share Analysis

6.3.6.2.2. By Powertrain Market Share Analysis

6.3.7. Australia New Energy Vehicle Taxi Market Outlook

6.3.7.1. Market Size & Forecast

6.3.7.1.1. By Value

6.3.7.2. Market Share & Forecast

6.3.7.2.1. By Vehicle Type Market Share Analysis

6.3.7.2.2. By Powertrain Market Share Analysis

7. Europe & CIS New Energy Vehicle Taxi Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Vehicle Type Market Share Analysis

7.2.2. By Powertrain Market Share Analysis

7.2.3. By Country Market Share Analysis

7.2.3.1. Germany Market Share Analysis

7.2.3.2. Spain Market Share Analysis

7.2.3.3. France Market Share Analysis

7.2.3.4. Russia Market Share Analysis

7.2.3.5. Italy Market Share Analysis

7.2.3.6. United Kingdom Market Share Analysis

7.2.3.7. Belgium Market Share Analysis

7.2.3.8. Rest of Europe & CIS Market Share Analysis

7.3. Europe & CIS: Country Analysis

7.3.1. Germany New Energy Vehicle Taxi Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Vehicle Type Market Share Analysis

7.3.1.2.2. By Powertrain Market Share Analysis

7.3.2. Spain New Energy Vehicle Taxi Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Vehicle Type Market Share Analysis

7.3.2.2.2. By Powertrain Market Share Analysis

7.3.3. France New Energy Vehicle Taxi Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Vehicle Type Market Share Analysis

7.3.3.2.2. By Powertrain Market Share Analysis

7.3.4. Russia New Energy Vehicle Taxi Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Vehicle Type Market Share Analysis

7.3.4.2.2. By Powertrain Market Share Analysis

7.3.5. Italy New Energy Vehicle Taxi Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Vehicle Type Market Share Analysis

7.3.5.2.2. By Powertrain Market Share Analysis

7.3.6. United Kingdom New Energy Vehicle Taxi Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Vehicle Type Market Share Analysis

7.3.6.2.2. By Powertrain Market Share Analysis

7.3.7. Belgium New Energy Vehicle Taxi Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Value

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Vehicle Type Market Share Analysis

7.3.7.2.2. By Powertrain Market Share Analysis

8. North America New Energy Vehicle Taxi Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Vehicle Type Market Share Analysis

8.2.2. By Powertrain Market Share Analysis

8.2.3. By Country Market Share Analysis

8.2.3.1. United States Market Share Analysis

8.2.3.2. Mexico Market Share Analysis

8.2.3.3. Canada Market Share Analysis

8.3. North America: Country Analysis

8.3.1. United States New Energy Vehicle Taxi Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Vehicle Type Market Share Analysis

8.3.1.2.2. By Powertrain Market Share Analysis

8.3.2. Mexico New Energy Vehicle Taxi Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Vehicle Type Market Share Analysis

8.3.2.2.2. By Powertrain Market Share Analysis

8.3.3. Canada New Energy Vehicle Taxi Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Vehicle Type Market Share Analysis

8.3.3.2.2. By Powertrain Market Share Analysis

9. South America New Energy Vehicle Taxi Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Vehicle Type Market Share Analysis

9.2.2. By Powertrain Market Share Analysis

9.2.3. By Country Market Share Analysis

9.2.3.1. Brazil Market Share Analysis

9.2.3.2. Argentina Market Share Analysis

9.2.3.3. Colombia Market Share Analysis

9.2.3.4. Rest of South America Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil New Energy Vehicle Taxi Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Vehicle Type Market Share Analysis

9.3.1.2.2. By Powertrain Market Share Analysis

9.3.2. Argentina New Energy Vehicle Taxi Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Vehicle Type Market Share Analysis

9.3.2.2.2. By Powertrain Market Share Analysis

9.3.3. Colombia New Energy Vehicle Taxi Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Vehicle Type Market Share Analysis

9.3.3.2.2. By Powertrain Market Share Analysis

10. Middle East & Africa New Energy Vehicle Taxi Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Vehicle Type Market Share Analysis

10.2.2. By Powertrain Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1. South Africa Market Share Analysis

10.2.3.2. Turkey Market Share Analysis

10.2.3.3. Saudi Arabia Market Share Analysis

10.2.3.4. UAE Market Share Analysis

10.2.3.5. Rest of Middle East & Africa Market Share Analysis

10.3. Middle East & Africa: Country Analysis

10.3.1. South Africa New Energy Vehicle Taxi Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Vehicle Type Market Share Analysis

10.3.1.2.2. By Powertrain Market Share Analysis

10.3.2. Turkey New Energy Vehicle Taxi Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Vehicle Type Market Share Analysis

10.3.2.2.2. By Powertrain Market Share Analysis

10.3.3. Saudi Arabia New Energy Vehicle Taxi Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Vehicle Type Market Share Analysis

10.3.3.2.2. By Powertrain Market Share Analysis

10.3.4. UAE New Energy Vehicle Taxi Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Vehicle Type Market Share Analysis

10.3.4.2.2. By Powertrain Market Share Analysis

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Market Dynamics

12.1. Market Drivers

12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Up to 10 Major Companies)

14.1.1. Uber Technologies, Inc.

14.1.1.1. Company Details

14.1.1.2. Key Product Offered

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Recent Developments

14.1.1.5. Key Management Personnel

14.1.2. 2. Lyft, Inc.

14.1.2.1. Company Details

14.1.2.2. Key Product Offered

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Recent Developments

14.1.2.5. Key Management Personnel

14.1.3. 3. DiDi Global Inc.

14.1.3.1. Company Details

14.1.3.2. Key Product Offered

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Recent Developments

14.1.3.5. Key Management Personnel

14.1.4. 4. Bolt Operations OÜ

14.1.4.1. Company Details

14.1.4.2. Key Product Offered

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Recent Developments

14.1.4.5. Key Management Personnel

14.1.5. Transopco UK Limited

14.1.5.1. Company Details

14.1.5.2. Key Product Offered

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Recent Developments

14.1.5.5. Key Management Personnel

14.1.6. 5. Grab Holdings Limited

14.1.6.1. Company Details

14.1.6.2. Key Product Offered

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Recent Developments

14.1.6.5. Key Management Personnel

14.1.7. ANI Technologies Private Limited

14.1.7.1. Company Details

14.1.7.2. Key Product Offered

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Recent Developments

14.1.7.5. Key Management Personnel

14.1.8. Green Cabs

14.1.8.1. Company Details

14.1.8.2. Key Product Offered

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Recent Developments

14.1.8.5. Key Management Personnel

14.1.9. BluSmart Tech Pvt Ltd

14.1.9.1. Company Details

14.1.9.2. Key Product Offered

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Recent Developments

14.1.9.5. Key Management Personnel

14.1.10. Axoir Internet Ventures Pvt Ltd.

14.1.10.1. Company Details

14.1.10.2. Key Product Offered

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Recent Developments

14.1.10.5. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Vehicle Type

15.1.3. Target Powertrain

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global New Energy Vehicle Taxi Market in 2023?

The market size of the Global New Energy Vehicle Taxi Market was estimated to be USD 101.22 billion in 2023.

Which was the fastest growing segment By Powertrain Type in the Global New Energy Vehicle Taxi Market in 2023?

Battery Electric Vehicles (BEVs) were the fastest-growing segment by powertrain type in the Global New Energy Vehicle Taxi Market in 2023. This growth was driven by increasing environmental regulations, advancements in battery technology, and rising consumer demand for zero-emission transportation. BEVs gained significant traction due to their efficiency and sustainability benefits.

Which was the largest market by region in the Global New Energy Vehicle Taxi Market?

North America was the largest market by region in the Global New Energy Vehicle Taxi Market. This leadership was driven by substantial investments in EV infrastructure, supportive government policies, and a growing consumer preference for eco-friendly transportation. The region's focus on reducing emissions and advancing technology further fueled its leading position.

What are the major drivers for the Global New Energy Vehicle Taxi Market?

The major drivers for the Global New Energy Vehicle Taxi Market include supportive government policies and incentives for electric vehicles, advancements in battery technology and charging infrastructure, and growing consumer demand for environmentally friendly transportation options. Additionally, increasing urbanization and efforts to reduce greenhouse gas emissions are further fueling market growth.

Related Reports

Srishti Verma

Business Consultant

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Press Release

New Energy Vehicle Taxi Market to Grow 5.18% CAGR through to 2029

Aug, 2024

Advancements in Battery Technology, Changing Consumer Preferences are factors driving the Global New Energy Vehicle Taxi market in the forecast period.