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Electric Vehicle Taxi Trends and Forecast
The future of the global electric vehicle taxi market looks promising with opportunities in the two-wheeler taxi, three wheeler taxi, and four wheeler taxi markets. The global electric vehicle taxi market is expected to grow with a CAGR of 11.3% from 2024 to 2030. The major drivers for this market are expanding infrastructure for charging and improvements in battery technology, government spending on infrastructure for electric vehicles, as well as, growing environmental awareness and stricter emission standards.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Electric Vehicle Taxi by Segment
The study includes a forecast for the global electric vehicle taxi by propulsion type, vehicle type, and region.
Electric Vehicle Taxi Market by Propulsion Type [Shipment Analysis by Value from 2018 to 2030]:
• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug-In Hybrid Electric Vehicle
Electric Vehicle Taxi Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Two-Wheeler Taxi
• Three Wheeler Taxi
• Four Wheeler Taxi
Electric Vehicle Taxi Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Electric Vehicle Taxi Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric vehicle taxi companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric vehicle taxi companies profiled in this report include-
• A To Z Universal Solutions
• Blu-Smart Mobility
• Connexxion
• OLA Group
• Travel Electric Bv
Electric Vehicle Taxi Market Insights
Lucintel forecasts that battery electric vehicle will remain the largest segment due to their ease of use and lower after-sales expenses.
APAC will remain the largest region over the forecast period due to high rate of electric vehicle adoption in the area and rising taxi fleet demand in the region.
Features of the Global Electric Vehicle Taxi Market
Market Size Estimates: Electric vehicle taxi market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electric vehicle taxi market size by propulsion type, vehicle type, and region in terms of value ($B).
Regional Analysis: Electric vehicle taxi market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different propulsion type, vehicle type, and regions for the electric vehicle taxi market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric vehicle taxi market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for electric vehicle taxi market?
Answer: The global electric vehicle taxi market is expected to grow with a CAGR of 11.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the electric vehicle taxi market?
Answer: The major drivers for this market are expanding infrastructure for charging and improvements in battery technology, government spending on infrastructure for electric vehicles, as well as, growing environmental awareness and stricter emission standards.
Q3. What are the major segments for electric vehicle taxi market?
Answer: The future of the global electric vehicle taxi market looks promising with opportunities in the two-wheeler taxi, three wheeler taxi, and four wheeler taxi markets.
Q4. Who are the key electric vehicle taxi market companies?
Answer: Some of the key electric vehicle taxi companies are as follows:
• A To Z Universal Solutions
• Blu-Smart Mobility
• Connexxion
• OLA Group
• Travel Electric Bv
Q5. Which electric vehicle taxi market segment will be the largest in future?
Answer: Lucintel forecasts that battery electric vehicle will remain the largest segment due to their ease of use and lower after-sales expenses.
Q6. In electric vehicle taxi market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to high rate of electric vehicle adoption in the area and rising taxi fleet demand in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electric vehicle taxi market by propulsion type (battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle), vehicle type (two-wheeler taxi, three wheeler taxi, and four wheeler taxi), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Electric Vehicle Taxi Market, Electric Vehicle Taxi Market Size, Electric Vehicle Taxi Market Growth, Electric Vehicle Taxi Market Analysis, Electric Vehicle Taxi Market Report, Electric Vehicle Taxi Market Share, Electric Vehicle Taxi Market Trends, Electric Vehicle Taxi Market Forecast, Electric Vehicle Taxi Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Electric Vehicle Taxi Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Electric Vehicle Taxi Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Electric Vehicle Taxi Market by Propulsion Type
3.3.1: Battery Electric Vehicle
3.3.2: Hybrid Electric Vehicle
3.3.3: Plug-In Hybrid Electric Vehicle
3.4: Global Electric Vehicle Taxi Market by Vehicle Type
3.4.1: Two-Wheeler Taxi
3.4.2: Three Wheeler Taxi
3.4.3: Four Wheeler Taxi
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Electric Vehicle Taxi Market by Region
4.2: North American Electric Vehicle Taxi Market
4.2.2: North American Electric Vehicle Taxi Market by Vehicle Type: Two-Wheeler Taxi, Three Wheeler Taxi, and Four Wheeler Taxi
4.3: European Electric Vehicle Taxi Market
4.3.1: European Electric Vehicle Taxi Market by Propulsion Type: Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-In Hybrid Electric Vehicle
4.3.2: European Electric Vehicle Taxi Market by Vehicle Type: Two-Wheeler Taxi, Three Wheeler Taxi, and Four Wheeler Taxi
4.4: APAC Electric Vehicle Taxi Market
4.4.1: APAC Electric Vehicle Taxi Market by Propulsion Type: Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-In Hybrid Electric Vehicle
4.4.2: APAC Electric Vehicle Taxi Market by Vehicle Type: Two-Wheeler Taxi, Three Wheeler Taxi, and Four Wheeler Taxi
4.5: ROW Electric Vehicle Taxi Market
4.5.1: ROW Electric Vehicle Taxi Market by Propulsion Type: Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-In Hybrid Electric Vehicle
4.5.2: ROW Electric Vehicle Taxi Market by Vehicle Type: Two-Wheeler Taxi, Three Wheeler Taxi, and Four Wheeler Taxi
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Electric Vehicle Taxi Market by Propulsion Type
6.1.2: Growth Opportunities for the Global Electric Vehicle Taxi Market by Vehicle Type
6.1.3: Growth Opportunities for the Global Electric Vehicle Taxi Market by Region
6.2: Emerging Trends in the Global Electric Vehicle Taxi Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Electric Vehicle Taxi Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Electric Vehicle Taxi Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: A to Z Universal Solutions
7.2: Blu-Smart Mobility
7.3: Connexxion
7.4: OLA Group
7.5: Travel Electric BV
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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