The global electric vehicle (EV) taxi market is anticipated to grow at a significant CAGR of 14.1% during the forecast period. One of the factors that are influencing taxi manufacturers and transport service providers for adopting the electrification of vehicles is the governmental initiatives for electric vehicles across the globe. For instance, in May 2022, the EU declared its unique $785.5 billion incentive package which included $21 billion for boosting the sales of clean vehicles, and for installing 1 million hydrogen and electric vehicle charging stations by 2025. Earlier, in May 2020, the Coventry City Council launched the “Go Electric Taxi” scheme that included a wide range of different incentives worth $2,855 for taxi drivers who are interested in switching to a cleaner vehicle, as well as the opportunity for a two weeks test driving for all Coventry Hackney taxi drivers.
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Such initiative is supported by multiple companies such as the Irish energy company ESB, Coventry electric taxi maker LEVC, Siemens, and the taxi app Gett. Moreover, in February 2021, Delhi Transport Minister reported that in the 2nd week of the Delhi govt’s “Switch Delhi campaign”, many users, celebrities, environmentalists, and industry leaders step forwarded with their support, and applaud the campaign which resulted in the Delhi EV policy in August 2020, three-wheelers EV emerged as the highest-selling EV segment in Delhi which is prominently used as public transport. 5,534 new three-wheelers EVs have been recorded and showing great future potential.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Electric Vehicle (EV) Taxi Market Report Segment
By Propulsion Type
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
By Vehicle Type
- Two-Wheeler Taxi
- Three-Wheeler Taxi
- Four-Wheeler Taxi
Global Electric Vehicle (EV) Taxi Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electric vehicle (EV) taxi market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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